Mining exploration insights - April 2020

S&P GLOBAL | Mining equities were not immune from the worldwide sell-off in equities due to mounting fear of the coronavirus that began toward the end of February, as S&P Global Market Intelligence's aggregate market value of the industry's listed companies, based on 2,333 firms, was down 16% month over month at US$1.06 trillion, off 29% from a 19-month high of US$1.49 trillion in December. It was the lowest aggregate market value for the sector since May 2016. The aggregate market cap of the industry's top 100 companies was down 15% in March at US$898 billion. The number of tracked mining companies remains at a 10-year low, declining steadily from a high of 2,921 companies in March 2012.

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