2019 exploration budget recovery falters due to difficult market conditions and high-profile M&A activity

NEW YORK, Oct. 15, 2019 /PRNewswire/ — Newly released 2019 global exploration budget data from S&P Global Market Intelligence’s Corporate Exploration Strategies series reveals that the industry recovery, which began in late 2016, has faltered this year. The global nonferrous exploration budget is down by 3% year over year to US$9.8 billion in 2019 from US$10.1 billion in 2018. The total comprises US$9.29 billion in aggregate company budgets plus an estimated total for companies spending less than US$100,000 and private companies that do not report their data.

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