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Article - PDAC: Junior miners thriving, Price

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According to the Financial Post: https://network.nationalpost.com/np/blogs/fpposted/archive/2008/03/03/pdac-junior-miners-thriving-pricewaterhousecoopers-says.aspx PDAC: Junior miners thriving, PricewaterhouseCoopers says Posted: March 03, 2008, 10:00 AM by DrewHasselback Mining, PDAC 2008 With the 2008 edition of PDAC underway, PricewaterhouseCoopers has released its annual review of junior miners in Canada. While the market cap of the TSX Venture Exchange rose 14%, the mining sector surged 45%. The survey examined the top 100 miners on the TSX-V and found that their market cap climbed 37% as of June 30, 2007. “The mining sector led the exchange in more than growth — it also had presence. Of the more than 2,000 companies listed on the TSX-V, 47% were mining companies,” said Paul Murphy, PwC partner and Canadian Mining Practice leader. Meanwhile, PwC said $3-billion was generated through share issues in 2007, total assets for the top 100 rose to $6.6-billion from $4.1-billion the previous year, and revenue jumped 81% to more than $471-million. Mr. Murphy said the increase in revenue is due to jump in producing companies, which numbered 17, up from 13 a year ago. Jonathan Ratner