TSX and TSXV loss captured in Ernst & Young's Canadian Mining Eye index: available now!

Sources available to offer insight on Q1 Canadian mining and metals trends

VANCOUVER, June 11, 2013 /CNW/ - Ernst & Young's latest quarterly Canadian Mining Eye index shows Canadian mining equities continued to significantly underperform in the first quarter of the year given concerns around global economic growth and, as a result, commodity prices.

The index — which tracks Canadian mining sector performance of 100 TSX and TSXV mid-tier and junior companies with market capitalizations broadly falling between $2.5b and $250m. — plunged deeper and closed 13% down in Q1 2013, and 33% down in the past 12 months.

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Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

SOURCE: Ernst & Young

For further information:

Ernst & Young's Canadian mining and metals team is available to offer insight into the report's findings. To reach a spokesperson, or for more info, please contact:

Erika Bennett
416 943 5497

Sarah Shields
604 648 3607 

Julie Fournier
514 874 4308 

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