'Surprisingly big deals get done here': how much of the mining business is done over beers | CBC News LoadedVeterans of the annual Prospectors and Developers mining conference in Toronto say the evening parties are just as 'crucial' to the industry as the trade show during the day.
Mining professionals say the 'socials' during the PDAC conference, including this crowded Mining 4 Beer event, are essential for making contacts and getting new mines open. Gill says junior mining companies looking to land that one big investor likely won't be able to track them down at the evening "socials" during PDAC and are even less likely to ink a deal at the bar, but he says the "beautiful part" of networking is being able to eventually connect with the right people you need to get your mine up and running.
"Sometimes a good project won't get funded or won't get discovered because they don't have the right person to talk about it or yell about it." "You've got some very high net worth people in here, you've got some of the biggest fish and then you've got totally fly-by-night crazy-ass juniors," said Michael Rowley, CEO of B.C.-based Stillwater Critical Minerals.
"Geologists have a particular affinity for beer and does that help those colourful maps make sense and help you find a deposit? Jury's out," Rowley said.