VANCOUVER – Money is sneaking back into the mining sector, but only for some.
For three years the sector struggled through a dearth of financing and M&A activity. Two months in, it seems 2014 will be better: equity valuations are improving, merger and acquisitions offers are surfacing, and companies are again raising money.
Well, some companies are raising money. For others, the capital markets remain closed for business.
Today’s resource investors have a clear list of criteria. For producers that list includes contained costs, serviceable debt loads, and reasonable expansion plans. …
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