BDO Global Mining Middle Market Monitor 2016
27 October 2016
Our latest Global Mining Middle Market Monitor study indicates that the end of the latest downturn may be in sight.
The report reviews and analyses financial data reported by 528 publicly traded middle market mining and diversified metals companies from 61 country and international stock exchanges from 2010 to 2015. These companies reported a median revenue of US$127 million, and were primarily traded on exchanges in the United Kingdom, Australia, Canada, South Africa, and the United States.
The study found that among global middle market mining companies, from 2014 to 2015 median exploration expenditures grew 17% and median cash balances increased by two percent, a modest but promising figure, showing that although companies continue to struggle, there is some reason for optimism.