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Why Are Junior Miners Still Struggling?
Miners in the exploration space are facing a hard time, due to depressed metals prices as well as competition from blockchain and cannabis companies, this according to Brett Heath, CEO of Metalla Royalty & Streaming.
“It’s tough for a lot of the junior miners in the space. What we’ve seen is that a lot of the capital that flows into these companies, the $50 to $100 million market cap or less, have gone to other places,” Heath told Kitco News on the sidelines of the International Mining Investment Conference in Vancouver.
Heath added that higher metals prices could contribute to more investor interest in the space as the economics of mining and exploration improve.
“The projects out there that were borderline economic, they’re still here, they haven’t really done that much. The really valuable projects, most of those have found a way to push forward. With the slightly higher metal prices, it’s going to bring a lot more excitement into this part of the sector,” he said. (show less)
Miners in the exploration space are facing a hard time, due to depressed metals prices as well as competition from blockchain and cannabis companies, this according to Brett Heath, CEO of Metalla Royalty & Streaming.
“It’s tough for a lot of the junior miners in the space. What we’ve seen is that a lot of the capital that flows into these companies, the $50 to $100 million market cap or less, have gone to other places,” Heath told Kitco News on the ... (read more)
IMIC 2018
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