PDAC 2024: Some junior miners must die so others may live.https://www.northernminer.com/news/pdac-2024-some-junior-miners-must-die-so-others-may-live-panel-says/1003864787/ Canada’s once-mighty junior mining sector crumbled after governments squeezed the middle class and let multinationals buy the country’s big miners, a panel of finance experts told mining’s biggest conference this week.
Large Canadian miners such as Falconbridge, Inco and Noranda (all gone by 2007) would use much as $200 million each a year to shepherd perhaps 100 junior level companies because they made half of the discoveries, Franco-Nevada (TSX: FNV; NYSE: FNV) co-founder Pierre Lassonde said on a panel at the Prospectors and Developers of Association of Canada convention in Toronto on Tuesday.