Exploration index recovers as drilling and new resources improve
By: Robert Anders | May 14, 2020
The following analysis is an extract of S&P Global Market Intelligence monthly Industry Monitor, which reviews exploration activity and development in the mining industry. The full report and data files are made available to our Metals & Mining subscribers only. Here are the highlights from our latest issue:
After dropping to three in March, the number of initial resource announcements increased to four in April. All four new resources were for primary gold projects.
Metals prices improved in April, as S&P Global Market Intelligence's Exploration Price Index rose to 132 from 128. The indexed price rose for three — gold, silver and molybdenum — of the eight constituents of the index and decreased for platinum, copper, nickel, zinc and cobalt.