We’re still well below what’s “normal” in metals sector, says fund manager

While some capital has flowed back into mining sector following this year’s price rally, levels are still not “normal” compared to previous years, and especially compared to competing industries, this according to Patrick Chidley, partner of 3ppm.

“Although we’re past the lowest point in terms of deal raises in Canada, I think that we’re still well below sort of a normalized level,” Chidley told Kitco News on the sidelines of the 121 Mining Conference in New York.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 27934.00 0
S&P 500 3120.18 0
NASDAQ 8570.66 0.24%
TSX 17011.40 0.08%
TSX-V 522.47 0.00%

Resource Commodities

Name Last Change
Gold 1471.96 0.20%
Silver 17.10 0.35%
Copper 2.65 2.654
Platinum 901.00 0.67%
Oil 55.21 3.33%
Natural Gas 2.51 2.23%
Uranium 25.88 1.17%

@RSDigest ON TWITTER