According to IntierraRMG, mining exploration fell once more in March, extending a 17-month decline in exploration activity.
by Geoff Candy, MineWeb.com
The mining industry’s search for new ounces fell to a new low in March, extending a 17-month decline in exploration activity.
This is according to InteirraRMG’s latest State of the Market report.
According to the group’s online database, there were drilling reports from a total of only 355 prospects (it adds that this figure includes reports from more than one drilling prospect per project). This, it says is compared to “440 in February, 662 in January and (a restated) 367 in December 2012”.
“Gold-exploration has been particularly weak, with activity reported from just 172 prospects in March, compared with 199 in February, 350 in January and 382 in March 2012. Last month’s gold activity is still better, however, than the nadir of 157 prospects reported in December,” the group writes.
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