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REPORT: Worldwide Mining Exploration Trends 2017
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2016 marked the fourth consecutive year of declining mining exploration expenditure. The industry has slashed its budget on the search for metals to barely one-third of the record high of US$21.5 billion allocated in 2012.

S&P Global Market Intelligence’s latest Corporate Exploration Strategies (CES) report calculates that the budget for nonferrous exploration in 2016 totaled US$6.89 billion, down 21% from the total in 2015.

Nevertheless, the past three quarters have brought signs of optimism for a long-struggling mining industry. Since last March, exploration companies have increasingly been able to raise funds, which represents a marked improvement over recent years. Despite recent concern over the availability of finance as we enter 2017, S&P Global Market Intelligence is cautiously optimistic for the near term, and expects corporate exploration budgets this year to be flat.

S&P Global Market Intelligence’s latest Corporate Exploration Strategies (CES) report calculates that the budget for nonferrous exploration in 2016 totaled US$6.89 billion, down 21% from the total in 2015.

The Worldwide Exploration Trends report is an extract of the CES report.

The 16-page report provides valuable insight into:

  • Improved metals price and Trump's impact on the market
  • Trends and patterns of exploration spending by mining company, region and commodity type
  • State of the mining industry
Click here to download the full report.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 21080.30 2.67
S&P 500 2415.82 0.75
NASDAQ 6210.19 4.94
TSX 15416.93 6.20
TSX-V 808.59 8.73

Resource Commodities

Name Last Change
Gold 1267.43 0.51
Silver 17.38 0.03
Copper 2.56 1.27%
Platinum 957.50 0.000
Oil 49.80 1.81%
Natural Gas 3.24 1.61%
Uranium 19.62 N/A
Zinc 1.27 0.0032

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