Global exploration budgets increase for first time in five years, led by gold

Miningreview.com reports that the nonferrous mining exploration sector has shrugged off its recent protracted downturn, with analysis showing a rise in exploration budgets.

Analysis on exploration by S&P Global Market Intelligence shows a rise in budgets of more than 14% year over year to US$7.95 billion in 2017 — the first increase in the annual global nonferrous exploration budget since 2012.

READ MORE: https://www.miningreview.com/news/global-exploration-budgets-increase-first-time-five-years-led-gold/