TSX: a buffet of mining investment opportunities

Once again this month, Toronto hosts the Prospectors and Developers Association of Canada (PDAC) Convention and Trade Show, expected to draw over 28,000 participants and visitors from 120 countries. Given this wide interest, readers may be interested to know the important role that Canadian financial markets play in global mining finance and some of the opportunities available.

Canada is a leader in the global mining industry with its extensive natural resources and long history of mineral development. Over 1,640 mining companies are listed on the Toronto Stock Exchange and Venture Exchange (collectively TSX). Of the 9,500 mineral exploration projects held by such companies, 50% are located outside of Canada.

Canada’s stable and sophisticated financial, business, governmental and legal environment, as well as its policy of welcoming foreign investment, supports the vibrancy of the mining industry domestically and abroad. The Canadian mining industry is recognized for its technical expertise, which has resulted in the development of increasingly efficient methods of exploiting known deposits and discovering new ones.

Kenneth Klassen and Eden Oliver are partners at Bennett Jones LLP and can be contacted at klassenk@bennettjones.com and olivere@bennettjones.com. Bennett Jones has particular expertise in the energy and natural resources sector, especially oil and gas. It has more than 400 lawyers and advisers in major cities across Canada as well as in Dubai.