IM December 2024 - Exploration Activity Improvement Stalls

2025-01-10 08:00:00 ET

Summary

• The S&P Global Market Intelligence Pipeline Activity Index pulled back in November, decreasing 11% to 88 from 98 in October.
• Fundraisings by junior and intermediate companies fell 30% to $1.12 billion in November, following a peak in transactions and high-value financings in October, when total funds raised reached its highest level since March 2022.
• Gold financings experienced the largest decline among the three commodity groups, dropping 49% to $522 million in November, after peaking at $1.02 billion in October.
• The broad range price pullback directly impacted mining equities valuation.

The S&P Global Market Intelligence Pipeline Activity Index ((PAI)) pulled back in November, decreasing 11% to 88 from 98 in October. The gold PAI declined 11% to 118 from 133, while the base/other PAI was down 11% to 63, compared to 71 in October....

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