New data released by S&P Global Market Intelligence confirms that the mining exploration sector has rebounded in 2017, recovering from a protracted period of stagnancy since 2012. The annual global budget has risen to $7.95bn, a 14% year-on-year increase. Improving market conditions and higher commodities prices in 2016 have led to increased investment, particularly in junior miners. Analysists believe that this recovery has been largely led by a planned increase in gold exploration.
