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Saturday 17 February 2018

Junior companies were cautious in 2017

February 2018: Only 38% of small and medium-scale exploration companies reported their project activities over the last year, according to the Exploration Companies Register recently published by Cochilco.
It identified 114 companies with exploration projects in Chile in 2017. 79 of these are junior scale (69.3%), 15 are medium-scale (13.2%), 4 are State owned (national or foreign) and 16 involve joint ventures that are financed by their owners.
The report mentions “114 companies were identified. 43 of them reported their project activities over the last year. Only 21.4% of these projects (294 in total) reported activities during 2017, while 52.7% of projects have been suspended”. (Read more)

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