{"id":1103696,"date":"2019-03-06T14:33:17","date_gmt":"2019-03-06T14:33:17","guid":{"rendered":"http:\/\/www.mining.com\/?p=975154"},"modified":"2019-03-06T22:33:17","modified_gmt":"2019-03-06T22:33:17","slug":"canadian-juniors-shifting-focus-to-africa-away-from-s-america","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1103696","title":{"rendered":"Canadian juniors shifting focus to Africa, away from South America"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.pdac.ca\/docs\/default-source\/priorities\/access-to-capital\/pdac-state-of-mineral-finance-2019.pdf\"  rel=\"noopener\">State of Mining Finance 2019<\/a> report produced by the Prospectors &amp; Developers Association of Canada (PDAC) and junior financing tracker Oreninc, shows Toronto&#8217;s stock exchanges managed to bump its share of global exploration capital up to 44%.<\/p>\n<p>However, the value of equity raised by juniors on the TSX and TSX-V decreased by 58% and 23% in 2018 respectively.<\/p>\n<p>There is also a change in the way exploration funds are being applied regionally. Oreninc tracks the intended use of proceeds from financings on Canadian bourses, which showed 60% of funds raised are destined for projects outside Canada.<\/p>\n<p>Notable in 2018 is the year-over-year increase in funds flowing to African projects and the more than $600 million decrease in funds used to explore in South America.<\/p>\n<div id=\"attachment_975166\" style=\"width: 737px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-975166\" src=\"http:\/\/www.mining.com\/wp-content\/uploads\/2019\/03\/oreninc-flow-of-funds-canada-abroad.jpg\" alt=\"Canadian juniors shifting focus to Africa, away from S. America\" width=\"727\" height=\"340\" srcset=\"http:\/\/www.mining.com\/wp-content\/uploads\/2019\/03\/oreninc-flow-of-funds-canada-abroad.jpg 727w, http:\/\/www.mining.com\/wp-content\/uploads\/2019\/03\/oreninc-flow-of-funds-canada-abroad-300x140.jpg 300w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><\/p>\n<p class=\"wp-caption-text\">Source: State of Mining Finance 2019<\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/canadian-juniors-shifting-focus-africa-away-s-america\/\">Canadian juniors shifting focus to Africa, away from South America<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spending destined for South America drops by $600m, while share of funds raised for exploration projects in Africa  doubles.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/canadian-juniors-shifting-focus-africa-away-s-america\/\">Canadian juniors shifting focus to Africa, away from South America<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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