Ungad Chadda, senior vice president at TMX
Chadda, who works for the group that owns the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), saw the year as largely positive for mining companies traded there.
“Despite the market volatility in the last half of 2011, mining companies listed on both the TSX and TSXV appear to be resilient, and many have continued to see success in raising capital,” he said.
“On a combined basis, issuers on the TSX and TSXV have raised C$10.9 billion [$10.6 billion] through 1,684 separate financings events as of October 31, 2011,” he added.
The figure is relatively flat against the same period in 2010, during which $11.2 billion was raised, despite the various economic challenges faced by miners globally.
“While the total amount of equity dollars raised has gone down, we have not seen a significant drop,” Chadda said.