Mining Eye Q3 2016
Q3 represents the third successive quarter of growth in mining equities
The Mining Eye gained a staggering 35% during Q3, with commodity equities benefiting from substantial depreciation of the pound versus the US dollar.
Brexit’s aftermath has seen the pound approach 31-year lows, in-turn boosting market value for companies earning dollar denominated revenues.
The Mining Eye significantly outperformed the Canadian Mining Eye, which rose 4%, and the FTSE Miners Index, which rose 20%.
Mining Eye performance relative to peers (past 12 months)