Falling Gold, Silver Prices Contribute to Q1 13 Percent Decline of Canadian Mining Equities Index

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.

To view the whole Mining Weekly report, click here.