Exploration index rises for 2nd consecutive month
By: Robert Anders | June 17, 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:
The number of initial resource announcements increased for a second consecutive month in May, doubling from four to eight. Six of the new resources were for gold projects and two were for base/other metals.
Metals prices improved for a second consecutive month in May, as S&P Global Market Intelligence's Exploration Price Index rose to 136 from 132. The indexed price rose for seven — gold, silver, platinum, copper, nickel, zinc and molybdenum — of the eight constituents of the index and was unchanged for cobalt.