Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.
Issue link: http://digital.canadawide.com/i/1211970
S pring 2020 21 This may be good news for younger women but, according to World Economic Forum, the gender pension gap is growing. "Typically, the balances of women in retirement are 30 to 40 per cent less than men across the globe." With less money in retirement, women are unlikely to grow their wealth through risky investments. Initiatives to attract more women investors to exploration and mining will require helping them overcome the knowledge gap and exposing them to role models who have had success investing in the industry. As pioneering women in the industry have success, and as the industry becomes more diverse and inclusive overall, the wave of women investors will eventually break. Millennials Millennials, the generation of people born between 1981 and 1996, take a different approach to investing than their parents and grandparents. As the first "digital natives" born with technology at their fingertips, millennials are more likely to seek investment advice via social media and other online sources. For many years, the exploration and mining industry has lamented losing investors to cannabis and cryptocurrency markets. But both the crypto and cannabis markets had a bumpy ride in 2019, and perhaps these investors are looking around for new opportunities in metals. "In the last year, I have seen the investor we've all been looking for showing up at conferences – the younger investor who knows very little about metals and mining and has money from cannabis in their portfolio that they want to invest," says Preston. "That person has showed up repeatedly in the last six to eight months at conferences I've attended." Responsible investing A new era of responsible investing has begun. Research indicates that there is a strong correlation between women and younger investors and impact investing. The WealthiHer survey, for example, concluded that a key opportunity for the finance industry would be to place "more Groupe Fordia.indd 1 2019-11-07 9:52 AM Eagle Mapping.indd 1 2018-10-23 1:41 PM