EXPLORATION & DEVELOPMENT

Majors showing improved drilling discipline

A FALL in exploration spend over the past decade has made miners more disciplined with their drilling dollars, with exploration efficiency now twice what it was 10 years ago and five times better than in the 1990s, research from US investment bank Bernstein shows.

Tom Hoskyns
US investment bank Bernstein is encouraged by miners' improving discipline regarding exploration spend

US investment bank Bernstein is encouraged by miners' improving discipline regarding exploration spend

Bernstein said while the high margins seen over the past three years would usually tempt miners to open up exploration budgets, spending on exploration has instead been below average, "evidence of that...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.