All four exploration metrics — significant financings, drilling activity, initial resources and positive project milestones — increased in July as S&P Global Market Intelligence's Pipeline Activity Index, or PAI, jumped to 93 from 60 in June. Driven by a strong increase in significant financings for gold projects, the gold PAI almost doubled, to 151 from 76, while the base metals PAI rose slightly to 47.5 from 45 over the same period.
Is the exploration sector back on recovery?
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