Mining industry meets in Toronto

By Nicole Mordant

Mining companies will meet at the industry’s biggest conference next week under the darkest cloud in a decade, but a recent bounce in the price of gold and silver and a trickle of investment and acquisitions are starting to pierce the gloom.

The renewed optimism may set up a fierce competition for funds among small explorers who have woken from years of hibernation and now appear to be gang rushing a small, wary group of investors.

A Reuters survey shows that a majority of the small, Canadian-listed miners that help drive global mineral exploration expect to drill this year.

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