According to an Ernst and Young report released on August 24,
2015, the Canadian Mining Eye index experienced a 4% gain in Q2
2015, as compared to a 1% loss in Q1 2015. This increase was the
first quarterly gain for the index since Q2 2014. While the
quarterly results in the sector reported by EY were not all
positive, the gain is certainly a welcome development.
EY's Canadian Mining Eye index tracks the performance of 100
TSX and TSX Venture mid-tier and junior companies with market caps
generally between CDN$100m and CDN$1.7bn. Q2 saw the Canadian
Mining Eye index outperform the S&P/TSX Composite index, which
instead fell 2%, and the London Metal Exchange index which lost 5%
for the quarter. According to the EY report, the main source of the
gain can be attributed to certain companies which saw positive
financial results, higher production data, accretive acquisitions
and good progress on projects. EY also reports that M&A
activity in the Canadian mining sector
