The global mining industry experienced a 34% drop in company filings mentions of COVID-19 in Q1 2023 compared with the previous quarter, with the highest share accounted for by Agnico Eagle Mines with 5% year-on-year increase, according to GlobalData’s analysis of over 476 mining company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on Mining sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of environment and internet of things, according to GlobalData.
Of the top leading companies in the mining industry, Agnico Eagle Mines had the greatest increase in references for COVID-19 in Q1 2023, compared with the previous quarter. GlobalData identified 80 COVID-19-related sentences in the company's filings - 17% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Glencore’s mentions of COVID-19 rose by 700% to 40 and Teck Resources’s by 100% to 28 and Eaton Corporation’s by 200% to 25 and Barrick Gold’s by 100% to 20.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q1 2023 was 118.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.