Mark Ferguson: Gold Projects and Exploration Budgets in 2018 | Summary and Q&A

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March 14, 2018
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Investing News
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Mark Ferguson: Gold Projects and Exploration Budgets in 2018

TL;DR

Exploration budgets and drilling activity in the mining sector have been increasing, especially in gold, cobalt, and lithium projects.

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Key Insights

  • 🤘 Exploration budgets, drill activities, and financings in the metals and mining industry have been increasing in the past two years.
  • 📽️ Gold projects continue to dominate, but there is increasing exploration activity in cobalt and lithium projects due to the rise of the battery sector.
  • 📽️ Major mining companies are partnering with juniors to support exploration projects and find potential deposits.
  • ♻️ The political and regulatory environment in a country can greatly impact exploration budgets and activity.
  • 🍉 Long-term thinking and considering projects with a longer-term view can benefit investors.

Transcript

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Questions & Answers

Q: How has the exploration sector in the mining industry been performing recently?

The exploration sector has been positive, with an increase in financings, drill activities, and exploration budgets in the past two years. However, financing levels are still below the boom times of 2011 and 2012.

Q: What are some of the key commodities that are driving the exploration sector?

Gold continues to dominate the exploration sector, with significant financing and drilling activity. Cobalt and lithium have also seen increased exploration budgets and interest due to rising prices and the growth of the battery sector.

Q: Are major mining companies partnering with junior companies in exploration projects?

Yes, there has been an uptick in earning agreements between major and junior companies. This trend supports the junior sector and helps the majors in finding potential deposits for their long-term pipelines.

Q: How is the political and regulatory environment impacting exploration budgets?

The politics and regulatory environment in a country can have a significant impact on exploration budgets. Countries like Ecuador and Finland, with improved sentiment and government support, have experienced increased budgets. Conversely, the Philippines, with open pit mining bans, saw a sharp reduction in exploration budgets.

Summary & Key Takeaways

  • Metals prices momentum in the past two years has led to an increase in financings, drill activities, and exploration budgets for the mining industry.

  • The exploration sector is picking up, but financing levels are still behind the boom times of 2011 and 2012.

  • Cobalt and lithium exploration budgets have surged in 2017 due to rising prices and investor interest.

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