ASX - ASX Delayed Price. Currency in AUD
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  • Reuters3 years ago

    Exclusive: Small miners set to dust off drill rigs in 2014 - Reuters survey

    A large majority of the small Canadian-listed mining companies that help drive global mineral exploration expect to drill this year after a grim period of hibernation for many cash-strapped explorers, according to a Reuters survey. Although money has begun to trickle back, the cost of drilling is down and the price of gold is up from last year's painful lows, hopes for the sector have been muted at best. More than three quarters of the Toronto Stock Exchange and TSX Venture-listed miners and explorers that participated in the survey said they expected to have a drilling program at some point in the coming 12 months, while fewer than six in 10 said they had drilled in the previous 12 months. "This is the best time to drill, the drilling contractors are very cheap," said George Topping, chief executive of Venture-listed explorer Wolfden Resources Corp (WLF.V).

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