Commodity assets face a record decline in value this year, as more than $88 billion had left the securities by November, reports the Globe and Mail, citing Barclays figures.
Amidst write downs, commodity price drops and lower revenues, gold, silver and copper are among the most closely watched metals in the mining sector. They are also some of the hardest hit metals in 2013, according to a PwC report.
Uncertainty about protected areas and environmental restrictions, combined with increased regulation and tax changes, has damaged Quebec’s mining, says a report by the Fraser Institute.
Canadian oil and gas is the place to be.
The Royal Canadian Mint has new counterfeit-proofing features on the 2014 1 oz. silver maple leaf bullion coin.
In October, CSA proposed amendments to two policies that outline the standards of disclosure for issuers involved in oil and gas activities.
The Canadian government wants to help boost the mining sector.
A lower global price for oil may be due to the glut of shale oil being unearthed in the U.S., reports the Wall Street Journal.
Performance of Canadian mining equities improved slightly in Q3, but investors remain cautious, according to EY's Canadian Mining Eye index for Q3 2013.
The market cap for the top 100 junior miners fell $6.49 billion in 2013, a 44% drop from last year, according to PwC’s Junior Mine report.