A New Reality For Junior Mining Companies: Challenges And Trends

In recent years, the mining sector has seen an overall decline in metal prices, an increase in production and processing costs, and an ever more limited access to financing. Faced with such complex challenges, mining companies must now innovate, redefine their approach and adapt to this new reality.

In the years to come, growth, productivity, access to alternative funding sources and transparency will be the four major change drivers.

Growth

While there continue to be significant drops in the price of raw materials, operating costs still remain on the rise. Given the context, more and more mining companies are deciding to simplify their mining resource or property portfolios, or to form partnerships with other mining companies in order to reach a satisfactory productivity level and insure long-term growth.