Battered Mining Sector Retreats to Toronto for PDAC

Battered Mining Sector Retreats to Toronto for PDAC

February 24, 2016

The Prospectors & Developers Association of Canada’s annual mining event is the world’s largest. The sector wiped out more than $1.4 trillion in shareholder value off a key Bloomberg index, so mergers and acquisitions opportunities will abound. Gold investors will be happy too.

Mining industry professionals are already eyeing their calendars for the Prospectors & Developers Association of Canada’s (PDAC) annual conference, which will take place in Toronto early next month. There they will lick their wounds following a year of plunging raw materials prices and tanking exploration budgets. The only smiles will be on bargain hunters looking to pick up assets at near-distressed valuation levels, as well as gold fans hoping...