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June 23, 2015

AIM Basic Resources index performance of mining companies increases in 2015

The index performance for Alternative Investment Market (AIM) Basic Resources increased 19.4% in 2015, contrary to generation perception that the mining industry is under strain.

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The index performance for Alternative Investment Market (AIM) Basic Resources has increased by 19.4% in 2015, contrary to the view that the mining industry is struggling.

The performance of the AIM Basic Resources Index increased after witnessing falls for four years of 27%-38% per annum.

In comparison, the Financial Times Stock Exchange (FTSE) Mining Index posted -8%ytd.

A handful of companies are said to be the driving force behind the improvement in AIM performance.

"A handful of companies are said to be the driving force behind the improvement in AIM performance."

Of the £507m increase in market capitalisation of the index, Amur Minerals (+226.2%, +£106m) and Sirius Minerals (+55%, +£97m) contributed 40% for the improvement.

The companies have been heavily traded based on their announcements related to mining licence application.

Among companies that contribute in terms of market cap terms were Coal of Africa (+200.5%ytd, +£66m), Wolf Minerals (+52.4%, +£56m), Aureus Mining (+50.3%, +£34m), Gemfields (+29.9%, +£68m) and Highland Gold Mining (+60.3%, +£44m).

Based on respective market caps selected top ten companies making 55% of the index accounted for nearly all of the £510m increase climbing 42%ytd.

Companies from 11-20 were up 16% in aggregate adding £85m to the index, while companies from 21-30s were up 9% (+£21m).


Image: AIM Basic Resources Index increased after witnessing four years of 27%-38% pa falls. Photo: courtesy of Master isolated images/ FreeDigitalPhotos.net.

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