The annual Prospectors and Developers Association of Canada (PDAC) convention starts this Sunday in Toronto, Canada. This year’s convention has shifted to the South Building of the Metro Toronto Convention Centre from the North Building to accommodate more exhibitors and a larger crowd. They are expecting to see close to 20,000 participants, a new record high like the price a many of the metals its members are searching for.
PDAC was first founded in 1932, early in the Great Depression in order to fight some new provincial government regulation that was detrimental for struggling prospectors. Copper was then selling at four cents a pound (US), nickel was about 35 cents per pound, and gold could be bought for $20.67 per ounce. How things change and how they stay the same. Continue Reading →