Mining sector outlook improves despite losses and Brexit

By BBC News / August 17, 2016 / www.mining.com / Article Link

With mining company BHP Billiton reporting a record loss for the past year, you could be forgiven for thinking it was all doom and gloom for the sector. But all is not as it seems.

In fact, data from the FTSE 100 shows quite the opposite. The seven mining companies account for close to 5.5% of the value of the index.

"At the end of 2015 they accounted for around 2.5%, so they've more than doubled in a year, which is impressive," says Jeremy Wrathall, mining team leader at Investec.

The reversal in the fortunes of the sector is shown clearly by diversified mining company Anglo American's experience.

Continue reading...

Recent News

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com

Gold stocks outpace broader equity gains

January 27, 2025 / www.canadianminingreport.com

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com

Wesdome, Seabridge and Skeena report outstanding drill results

January 20, 2025 / www.canadianminingreport.com

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok