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March 19, 2015, No. 124

PDAC
March 19, 2015, No. 124
PDAC 2015 AGM - DIRECTOR CHANGES

PDAC 2015 CONVENTION EXCEEDS 23,500ATTENDEES

REPORT ON RESOURCE DEVELOPMENT AND FIRST NATIONS

STATE OF MINERAL FINANCE: 2015 DÉJÀ VU
Modernizing PDAC Governance
The Annual General Meeting (AGM) of the PDAC was held on March 1, 2015 at the PDAC International Convention, Tradeshow & Investors Exchange and included a number of by-law amendments designed to modernize and improve the association’s governance. All of the proposed changes seek to improve the governance of the association for the benefit of the membership.

PDAC Membership
PDAC 2015 AGM - Director Changes
On March 1, 2015 at the PDAC International Convention, Tradeshow & Investors Exchange and during the PDAC’s Annual General Meeting (AGM), PDAC President Rod Thomas welcomed seven new Directors and said thank you to eight outgoing Directors for their service, dedication and contributions to the association and to Canada’s mineral exploration and development community. A complete list of PDAC’s Board of Director’s can be found here.
New Directors
Belinda Labatte (Mandalay Resources)
Don Hoy (Wolfden Resources Corporation)
Jeremy Brett (MPH Consulting Limited)
Lisa Davis (Peartree Financial Services)
Michael Fowler (Loewen, Ondaatje, McCutcheon Limited)
Sean Samson (FNI Mining)
Sandy Archibald (Aurum Exploration)

Outgoing Directors
Normand Champigny (Donner Metals Ltd.)
Ron Gagel (TMAC Resources Inc.)
Jim Glover (MNP LLP)
Guy Gosselin (Agnico Eagle Mines Limited)
Barbara Hendrickson (BAX Securities Law)
Debbie Hendsbee
Richard Moore
David Thomas (RCF Management Inc.—Toronto) 

PDAC 2015 Convention
PDAC 2015 Convention exceeds 23,500 attendees
The Prospectors & Developers Association of Canada (PDAC) welcomed 23,578 attendees from over 100 countries to its annual convention. The crowd included investors, analysts, mining executives, geologists, government officials and students who made the annual pilgrimage to the Metro Toronto Convention Centre (MTCC) for the largest exploration and mining event in the world. For more information, click here

Access speaker presentations from PDAC 2015
Four-day, All Access Pass holders will receive email instructions in the coming weeks on how to access the Live Learning Center, where they can view Technical Program and Open Session videos as released by the presenters for inclusion. 

Aboriginal Affairs
700 people attend the Aboriginal Program at PDAC 2015
The Aboriginal Program at the PDAC 2015 Convention attracted 700 Canadian and international attendees from industry, Aboriginal communities, government and academia.The Program was held over two days and consisted of four sessions that featured a diverse range of information on subject matter related to Aboriginal affairs and the mineral industry, such as consultation and accommodation, exploration agreements, and consent. For more information, contact Lesley Williams, Manager, Aboriginal Affairs. 

Report on resource development and First Nations
On March 3, the Assembly of First Nations (AFN) and Aboriginal Affairs and Northern Development Canada (AANDC) Working Group on Natural Resources Development released its report, Advancing Positive Impactful Change: Finding the Ways and Means for First Nations to Fully Share in Natural Resource Development. Read the report here.

Finance & Taxation
State of Mineral Finance: 2015 Déjà Vu
PDAC publishes its first ever “State of the Mineral Finance Report”, which was released at the PDAC 2015 Annual Convention. The report highlights continued challenges in raising equity capital and the shrinking exploration budgets for exploration companies. 2015 is expected to be a repeat of 2014, as companies continue to face share consolidations, mergers and acquisitions, delistings from exchanges, weak share prices and low discovery rates. It may take another year, well into 2016, before we see a sustainable turnaround in the industry. 
 
Public Affairs
The Canadian federal government announced new measures to support Canadian mining, including renewal of the Mineral Exploration Tax Credit (METC) and updated changes to Canadian Exploration Expenses (CEE) 
Jeffrey Davidson was named Canada’s Corporate Social Responsibility (CSR) Counsellor for the extractive sector 
The federal government, in partnership with the Ontario government, jointly announced the study of an all-weather transportation corridor in the Ring of Fire region 
 
Lands & Regulations
Ontario Ministry of Northern Development and Mines PostsProposed Provincial Grid
 
PDAC Membership
PDAC Annual Report 2014 is now available 

March and April events at a glance
PDAC President Rod Thomas and PDAC Executive Director Andrew Cheatle will be in London, England for the bi-annual meeting of the ICMM members, March 19-26 
PDAC President Rod Thomas will be speaking at the CESCO week in Chile on April 15 
PDAC Executive Director Andrew Cheatle will attend the European Gold Forum on April 14-15 
Prospectors &
Developers
Association of
Canada
Copyright 2014
135 King Street East
Toronto, Ontario M5C 1G6
Tel 
416 362 1969
Fax 416 362 0101
[email protected]
www.pdac.ca
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