Life coming back to the global exploration sector – Mining.com

April 27, 2015

After five consecutive months of decline, global mining exploration began showing signs of life last month, with SNL Metals & Mining’s Pipeline Activity Index (PAI), which monitors the health of the sector, gaining 9.4 points.

SNL’s PAI rose to 58.4 in March from 49 in February. But don’t fool yourself. The figure is not that great, as it only means there were six positive project milestones last month, compared to only one such announcement in February.

The index, which hit an all-time low of 40.2 in April 2014, measures activity in the metals supply pipeline, incorporating four stages into a single comparable index: significant drill results, initial resource announcements, major financings and project development milestones.

Two of those constituents improved last month, and two declined, SNL analysts explain:

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