Slew of Funding for Gold Juniors Only a ‘Partial Thaw’

Mineweb’s Kip Keen published an article that looks at the recent slew of financings for Canadian gold juniors. Though he believes it indicates some institutional interest, he sees it as only a “partial thaw.”

As quoted in the market news:

To repeat, we haven’t seen anything like this in some time and it’s hard not to see it as a partial thaw of investor interest in juniors mining equities.

But a very partial thaw still.

This is not new money flowing into new IPOs with a great idea to define a new great gold deposit. It’s not going into unbridled drill programs meant to find a new massive gold deposit (which the sector desperately needs by the way.)

No. This financing flood is largely rushing to juniors in the more conservative end of the junior-risk spectrum.

Click here to read the full Mineweb report.