Australia props up global exploration spend

THE two-year rebound in global exploration spending has come to a halt, according to S&P Global Market Intelligence’s World Exploration Trends report.

Australia props up global exploration spend Australia props up global exploration spend Australia props up global exploration spend Australia props up global exploration spend Australia props up global exploration spend

Gold and copper spend drove Australian exploration budgets higher in 2019

Released to coincide with PDAC in Toronto, the report found global exploration budgets for nonferrous metals dropped to US$9.8 billion in 2019, down 3% from $10.1 billion in 2018.