Have Major Miners Abandoned Exploration For Acquisitions?

As resources continue to deplete and discovery rates drop, large-cap miners look towards more mergers and acquisitions to increase their resource base, said Frazer Tabeart, managing director of PolarX.
“The discovery rates have dropped, I think that’s probably a reflection of people going ‘undercover’. So, people are still exploring in good jurisdictions, but most of the easy deposits have been found. So, as you explore deeper, it takes longer, it’s more expensive,” Tabeart told Kitco News on the sidelines of the Mines & Money conference in Toronto.
Going “undercover”, or below the surface, requires more advanced geophysics techniques that altogether makes drilling much more difficult and expensive, Tabeart said. (show less)

As resources continue to deplete and discovery rates drop, large-cap miners look towards more mergers and acquisitions to increase their resource base, said Frazer Tabeart, managing director of PolarX.
“The discovery rates have dropped, I think that’s probably a reflection of people going ‘undercover’. So, people are still exploring in good jurisdictions, but most of the easy deposits have been found. So, as you explore deeper, it takes longer, it’s more ... (read more)

Mines And Money Toronto

Mines And Money Toronto
Mines and Money – the leading international event series for capital raising and mining investment – returns to Toronto this October, bringing together all stakeholders within the mining investment community. This is your perfect opportunity to meet pre-qualified investors and mining projects from across the USA, Canada and LatAm regions. With 3 days of region specific industry talks, dedicated networking events, investor pitch battles, heated panel debates and much much more, this is sure to be the one meeting you do not want to miss!

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.