Executive Summary

Executive Summary

Almost since the moment our 2018 report was published, the markets have changed complexion.

Technical Glossary: Introduction

Technical Glossary: Introduction

This chapter is authored by leading global mining expert, SRK Consulting

Technical Glossary: Mineral resources and ore reserve reporting standards

Technical Glossary: Mineral resources and ore reserve reporting standards

Common terminology and understanding across country boundaries and language barriers is essential

Technical Glossary: Mineral asset valuation standards

Technical Glossary: Mineral asset valuation standards

The development of mineral asset valuation standards is relatively recent, dating from 2000 onwards.

Technical Glossary: Technical study standards

Technical Glossary: Technical study standards

A broad summary of the typical types of technical studies completed in respect of mineral assets

Technical Glossary: Environmental and social management

Technical Glossary: Environmental and social management

A modern view of the environmental and social management plans that should be in place

Technical Glossary: Funding options: technical expectations

Technical Glossary: Funding options: technical expectations

This section reflects on the type of technical information that is expected to be available

Best Performed Equities: Best investments

Best Performed Equities: Best investments

Long gone are the days when success was measured in capital gains.

Investor Sentiment: Looking back

Investor Sentiment: Looking back

A third of investors reduced their mining holdings year-on-year; less than a quarter invested more.

Investor Sentiment: Looking forward

Investor Sentiment: Looking forward

Despite 12 months of relative disappointment, investors were comprehensively bullish

Investor Sentiment: Survey methodology

Investor Sentiment: Survey methodology

We gauge the changing sentiment toward the resources sector among the investment community.

Royalty/Streaming: Deal data

Royalty/Streaming: Deal data

The data was compiled using company news releases, basic financial data and speaking with firms

Royalty/Streaming: Royalty/streaming firms as investments

Royalty/Streaming: Royalty/streaming firms as investments

Royalty/Streaming firms are also mining investments in their own right.

Royalty/Streaming: Discussion & analysis

Royalty/Streaming: Discussion & analysis

Royalty and streaming firms probably wrote the largest deals during the pits of the cycle

Private Equity/Alternative Banking: Discussion & analysis

Private Equity/Alternative Banking: Discussion & analysis

The move to growth is major concern for both investors and miners.

Stock Exchange Comparisons: Discussion & analysis

Stock Exchange Comparisons: Discussion & analysis

The role of stock exchanges for the mining industry is a double-edged sword.