Kinross CEO Tye Burt was kicked out in 2012 (Photo: Colin O'Connor/National Post)

Kinross CEO Tye Burt was kicked out in 2012 (Photo: Colin O'Connor/National Post)

According to a report published by The Mining Recruitment Group (MRG), a Vancouver-based mining executive recruitment firm, executives are growing more confident in their industry as a new wave of M&A and relief from falling commodity prices have brought a shot of life into the industry.

The report, we surveyed 232 mining executives reported a number of staggering and somewhat surprising stats.

Notably, only 14% of these execs have a bearish sentiment towards the industry over the next 6-12 months.  This is down from 64% last year.  Three quarters of the surveyed CEOs, CFOs, COOs and VPs said they expect M&A activity to intensify in the short-term.  Additionally, only 6% believe capital raising will be more challenging in 6 months than it is today.

And for the younger generation in the business you will all be happy to learn that only 18% of execs believe they will lay more people off in the third quarter.

Andrew Pollard, President of MRG, told us by email that this survey "signals a tectonic shift for the fortunes of the resource industry over the very short term in the eyes of those making the decisions in the boardroom."

The comprehensive five page report is available at the link below.

MRG Mining Executive Outlook Q3 14