Everything Old is New Again – Financing trends in the mining industry making a comeback

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Until last year, mining companies had little trouble raising funds. But, as the boom in the price of commodities has peaked and passed, the markets remain volatile for miners. Profits have plummeted by up to 49%1 for the top 40 mining companies, and by even more for many others.

The global equity capital markets are essentially closed to juniors and mid cap players and majors have been unwilling to participate at the current multiples. In fact there was not a single TSX mining IPO in the first quarter for the first time in a decade.

Originally published in Metal Bulletin, July, 2013.

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