The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Workers put one of three grinders inside the processing mill at the Copper Mountain Mine together in Princeton, B.C. January 13, 2011.
Workers put one of three grinders inside the processing mill at the Copper Mountain Mine together in Princeton, B.C. January 13, 2011.
(John Lehmann/The Globe and Mail)

Junior mining deals raise hope of resurgence

Call it the fall thaw.

Near the end of a tumultuous year, in which the materials sub-sector of the S&P/TSX Composite Index dropped 30 per cent and the S&P/TSX Venture Exchange plummeted 24 per cent, a trickle of junior mining financings is serving up a glimmer of hope.

On Thursday, zinc producer Trevali Mining launched a $40-million bought deal. Then on Monday, Copper Mountain Mining sold $30-million of new shares, while Atacama Pacific Gold launched a small $4-million deal.