Convention Energy Strong, Miners Rising to Meet Challenges

The annual Prospectors & Developers Association of Canada (PDAC) convention has now been and gone, and the official stats are in — more than 17,000 people flocked to Toronto for the three day event.

The lingering effects of COVID-19 and a date change from the typical March timing led to a lower number than usual, but the energy was strong at the convention center, with investors and companies mingling on the floor.

Speaking to the Investing News Network (INN) on the second day of PDAC, President Alex Christopher highlighted attendees’ positivity and excitement for one of the industry’s first major live events in two years.

“There’s really great sentiment here … there’s a big push with respect to metals prices, so there’s a lot of excitement out there. I think we’ve had a great crowd,” he said.

But challenges for miners remain — Christopher praised the sector’s resilience through the pandemic, but said juniors are now facing issues like access to capital and land, while for majors finding new deposits is crucial.

Exploration companies that INN spoke with at the event also commented on the difficulty of raising money in the market today, a concern that was driven home by the turmoil that has characterized the broader markets lately.

PDAC President: Convention Energy Strong, Miners Rising to Meet

Christopher spoke about the ongoing conversation around environmental, social and governance (ESG) issues as well, saying that balance is key — while these principles are necessary, mining companies need to be able to move forward with permitting and development so that they can provide the commodities needed for a greener future.

“There’s a bit of a balance that needs to happen here if we want to achieve this future,” Christopher explained. “We have to actually get a good balance between the ability to permit and get access to those deposits against the ability to produce the metals to get us over the line.”

Click the links below for INN’s recaps of the first two days of PDAC:

You can also click here to see INN’s PDAC playlist on YouTube; Make sure to check back frequently, as we’ll be adding more content over the next couple of weeks.

And if you’re not ready for PDAC to end just yet, don’t forget that the online component of the convention runs later this month from June 28 to 29.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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