It is still too early to start celebrating a recovery in the sector.
Charlottesville, VA (PRWEB) September 24, 2014
Announced today, in its latest study on the exploration sector, now relaunched as a monthly report and renamed "Monthly Industry Monitor," SNL Metals & Mining concluded that, despite the overall improvement in global metals exploration since April, it is still too early to start celebrating a recovery in the sector.
SNL Metals & Mining monitors the health of the international exploration sector through its Pipeline Activity Index, or PAI. The index had fallen from over 130 barely two years ago to an all-time low of 40 in April. Since then, there had been an overall improvement — until August, when the PAI went into reverse.
The PAI is a measure of activity in the metals supply pipeline and incorporates four important stages into a single comparable index: significant drill results, initial resource announcements, significant financings and project development milestones. It was set at a baseline of 100 points when it was established in May 2008.
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