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Continued uncertainty fuels creativity in mining sector transactions

Author(s): James R. Brown, Alan Hutchison

Dec 13, 2019

Although 2019 started off with significant fanfare with two of the largest Canadian mining M&A deals in recent memory (Barrick/Randgold and Newmont/Goldcorp), ultimately these deals did not serve as a catalyst for additional deal making and capital raising.

Amid an environment of global economic uncertainty, capital has not returned to the mining industry despite a strong gold price which traditionally benefits the Canadian mining sector. Public financings in 2019 were generally limited to capital raising by producing issuers or royalty/streaming issuers...