Dean McPherson, Head of Business Development, Global Mining at Toronto Stock Exchange and TSX Venture Exchange, explains how the Prospectors & Developers Association of Canada Conference (PDAC) is an important way to assess how the Canadian mining industry is performing, as one main indicator is the number of people in attendance.
Toronto is the mining capital of the world, and this has been evident on Canada’s two main equity exchanges. McPherson has seen twice the number of listings from mining companies in comparison to TMX Group’s nearest competitors — in 2018, 49% of mining equity financing globally were done on TSX and TSXV.
When it comes to companies raising capital, McPherson notes that capital pool companies, special purpose acquisition corporations, qualifying transactions, and reverse takeovers are all integral ways to access funding.
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