Facts ‘n’ Figures: Mine finance off to ‘poor start’ in 2015, SNL finds

SNL Metals & Mining has carried out some valuable number crunching on mine financing by regions from 2013 through the first quarter of 2015 that shows miners are off to a "poor start" in 2015, though Canadian companies and projects are...

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SNL Metals & Mining has carried out some valuable number crunching on mine financing by regions from 2013 through the first quarter of 2015 that shows miners are off to a "poor start" in 2015, though Canadian companies and projects are still attracting investment dollars.

SNL tabulated that miners and explorers had raised US$82.9 billion to fund their operations over that 27-month period, with Canadian projects attracting 14% of the total, behind Asia/Middle East (20%), Latin America (17%) and Australia (15%). Canadian companies raised the most money over that period at US$22.2 billion, but SNL found only a third was allocated domestically.

Between 2013 and 2014, total global mine financing rose 4% to US$39.9 billion, with Canada as a destination seeing the biggest positive swing year-over-year, more than doubling to US$6.6 billion from US$3.2 billion.

SNL found that Canadian companies raised US$8 billion in 2013 and planned to spend 19% of it domestically, but that rose to US$11.6 billion in 2014, of which 35% would be spent in Canada.

Read the complete article at NorthernMiner.com/news/mine-finance

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