By: Simon Rees
The mining sector was expected to climb out of the downturn’s trough by year-end 2016, Paradigm Capital partner and senior analyst David Davidson told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society.
However, debt levels were a notable concern that needed to be tackled before the decade’s end. “The sector took on too much cheap money it can’t afford because commodity prices aren’t sufficient to cover interest and principal repayments,” he warned. →