Prospectors and mine developers, the lifeblood of the wider $1.5 trillion industry, are running low on cash as funding dries up, increasing the chances they’ll need to consider sales and mergers to survive.
So-called juniors have enough cash to last 5.7 months, according to the median multiple among 1,273 companies with a market value of no more than $500 million, data compiled by Bloomberg show. That’s 25 percent less than a year earlier, according to the data.
Read the full story at http://www.bloomberg.com/news/2013-03-04/mining-minnows-burning-cash-signal-more-mergers-coming.html
Prospectors and mine developers, the lifeblood of the wider $1.5...
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