World Exploration Trends, 2003 - 2012
Bakes Mitchell
SME Current Trends in Mining Finance, New York
April 30, 2013
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Corporate Exploration Strategies
• CES is the acknowledged source for worldwide
exploration budgets and strategies
• 23nd edition of CES in 2012
• More than 3,500 companies surveyed
• About 2,500 active explorers are covered
• Precious and base metals, diamonds, uranium, PGMs,
some industrial minerals
• Analysis covers about 95% of global nonferrous
exploration
Industry Monitor and MineSearch
• Industry Monitor provides high-level, graphical view of
key industry activity
• Examines financings, drill results, resource
announcements, the project pipeline, and acquisitions
• MineSearch is MEG’s flagship database of project and
company information
• Thousands of public and private companies and detailed
information on their projects worldwide
• Easily export details as maps, Excel worksheets, and as PDFs
Worldwide Exploration
vs Relative Metals Price
© SNL Metals Economics Group, 2012
Worldwide Exploration Budgets by Region
(as percent of annual total)
© SNL Metals Economics Group, 2012
Worldwide Exploration Budgets by Target, 2012
(US$20.53 billion total)
© SNL Metals Economics Group, 2012
Worldwide Exploration Budgets by Target
(as percent of annual total)
© SNL Metals Economics Group, 2012
Worldwide Base Metals Exploration by Target
(as percent of annual total)
© SNL Metals Economics Group, 2012
Worldwide Exploration by Stage
(as percent of annual total)
© SNL Metals Economics Group, 2012
Cumulative Budgets by Company Type, 2003-12
(US$ million)
© SNL Metals Economics Group, 2012
Exploration by Company Type
(as percent of annual total)
© SNL Metals Economics Group, 2012
Average Exploration Budget-to-Revenue
Percentages for the Top Earners
© SNL Metals Economics Group, 2012
Financings for Exploration,
2008 – Q1 2013
© SNL Metals Economics Group, 2012
Junior Budgets vs. Exploration, 2003-2012
www.metalseconomics.com
+1 902-442-7915
bmitchell@snl.com
2013 World Exploration Trends:
http://www.metalseconomics.com/media-center/world-explorationtrends-2013
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This document is confidential and is intended solely for the use and information of
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