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Juniors quick to change tack

One of the main advantages of a being small business is agility; the ability to pivot quickly to another strategy if the original plan comes up short. But such agility may act as a distraction in the junior mining space if recent developments are anything to go on. I refer to those juniors who, apparently disillusioned with the price environment for base metals, appear to be shelving their copper or zinc projects in favour of a foray into gold.

Juniors quick to change tack Juniors quick to change tack Juniors quick to change tack Juniors quick to change tack Juniors quick to change tack

Strong gold prices are a game changer for some base metals-focused explorers

Mining Journal spotted a few companies at PDAC shunting previously prized base metals asset to the back of their powerpoint decks in favour of a slide labelled: ‘looking for opportunities'.