Abstract
There are thousands of mineral exploration companies, and many of them are listed in stock exchanges around the world. These companies usually do not have revenues from mineral production and rely solely on external financing to advance their projects. Major gold producers usually leave the early-stage projects to junior miners and are willing to pay a premium for new projects once the exploration risk is lower and a resource has been defined.
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Moreno, L. (2019). Financing and Development of New Mining Projects. In: Lakshmanan, V., Gorain, B. (eds) Innovations and Breakthroughs in the Gold and Silver Industries. Springer, Cham. https://doi.org/10.1007/978-3-030-32549-7_7
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