{"id":8528,"date":"2012-03-03T02:49:02","date_gmt":"2012-03-03T00:49:02","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/pdac-miners-hopeful-of-emerging-from-a-late-2011-funk\/"},"modified":"2012-03-03T02:49:02","modified_gmt":"2012-03-03T00:49:02","slug":"pdac-miners-hopeful-of-emerging-from-a-late-2011-funk","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/pdac-miners-hopeful-of-emerging-from-a-late-2011-funk\/","title":{"rendered":"PDAC-Miners hopeful of emerging from a late 2011 funk"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Optimism returning after rough patch for the sector<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Positive indicators from U.S., China boost sentiment<\/p>\n<p><span><\/span><\/p>\n<p>* Pace of capital cost increases on projects causes concern<\/p>\n<p><span><\/span><\/p>\n<p>By Euan Rocha<\/p>\n<p><span><\/span><\/p>\n<p>TORONTO, March 2 (Reuters) &#8211; Detour Gold last<br \/>\nmonth sold C$277 million of equity to investors willing to bet<br \/>\non its promising gold project &#8211; a hefty sum that bankers say the<br \/>\nCanadian company would have struggled to raise barely two months<br \/>\nearlier.<\/p>\n<p><span><\/span><\/p>\n<p>Detour&#8217;s success in raising funds is one of many small signs<br \/>\nthat the malaise that gripped miners, explorers and investors in<br \/>\nlate 2011 is easing. A brighter economic outlook has brought a<br \/>\nray of optimism back to the global mining sector, which gathers<br \/>\nnext week in Toronto for its biggest convention of the year.<\/p>\n<p><span><\/span><\/p>\n<p>While stresses still weigh heavily on the world financial<br \/>\nsystem, a batch of decent U.S. economic data and easing concerns<br \/>\nabout a slowdown in China have breathed fresh life into mining<br \/>\nstocks that tumbled last year.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If I compare right now to, let&#8217;s say, the latter part of<br \/>\n2011, generally executives are more positive now,&#8221; said Egizio<br \/>\nBianchini, co-head of metals and mining at BMO Capital Markets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The often overused phrase &#8216;cautiously optimistic&#8217; is<br \/>\nprobably one that can be used now, and I think that&#8217;s where<br \/>\npeople are at,&#8221; Bianchini said in an interview before the annual<br \/>\nProspectors and Developers Association of Canada convention. The<br \/>\nevent, known simply as PDAC, opens Sunday in Toronto.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Optimism returning after rough patch for the sector * Positive indicators from U.S., China boost sentiment * Pace of capital cost increases on projects causes concern By Euan Rocha TORONTO, March 2 (Reuters) &#8211; Detour Gold last month sold C$277 million of equity to investors willing to bet on its promising gold project &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8528","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8528"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8528\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}