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Falling Gold, Silver Prices Contribute to Q1 13 Percent Decline of Canadian Mining Equities Index
Jun. 12, 2013 04:37AM PST
Silver InvestingMining Weekly reported that, according to a new Ernst & Young report, the Canadian mining equities index dropped by 13 percent in Q1, with two-thirds of the miners on the Canadian Mining Eye index owning gold and/or silver assets and taking a hit on falling precious metals assets.
Mining Weekly reported that, according to a new Ernst & Young report, the Canadian mining equities index dropped by 13 percent in Q1, with two-thirds of the miners on the Canadian Mining Eye index owning gold and/or silver assets and taking a hit on falling precious metals assets.
As quoted in the Mining Weekly report:
This uncertainty over the direction of metals prices had turned investors risk averse, leading to a challenging market for capital access, the report had found.