Current market conditions have created an unprecedented opportunity for “Next Generation” mining companies who do not have any legacy issues.
Mining capital markets have corrected recently, forcing large mining companies that overpaid for assets to focus on dramatic cost reduction.
Metal prices fuelled by increased demand have also recently sold off from their peaks and are now forecast for steady near and long term growth in line with global demand.
PSM has no exploration costs as PSM provides streaming funding for existing mines in need of expansion or assets that have local data that need converting to standards that the market will accept.
Next Generation companies like PSM with low and flexible operating costs will reap the benefit from current market conditions.