Too risky, too tradition-bound - Equivest's Joanna Ponicka on why mining can't attract new investors
Mining has to do more work to attract investors, said Joanna Ponicka, vice president of exploration at Equivest.
In early May Ponicka spoke to Kitco Mining at Deutsche Goldmesse at Frankfurt, Germany.
Ponicka said the mining sector has a perception problem and that is leading to less funding. A lack of investment in grassroots exploration is leading to a shortage of new discoveries.
"As a prospect generator, we definitely see less money in the industry to do early-stage exploration," said Ponicka. "Early-stage exploration is where most of our discoveries come from."
Ponicka said the industry…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.