Higher commodity prices support 26% rise in Q1 Canadian Mining Eye index

Higher commodity prices have contributed to a 26% rise in EY’s Canadian Mining Eye index for the first quarter of this year. “Improved gold and base metals prices appeared to generate much-needed positive momentum in the sector. The strong growth of Canadian mining equities also indicates benefits from strategic initiatives on noncore asset sales, aggressive cost control measures and a disciplined approach in reducing debt,” said EY Canadian Mining & Metals leader Bruce Sprague.