PwC issues report on Toronto juniors

PricewaterhouseCoopers (PwC) has issued its annual sector analysis of the top 100 companies on the Toronto junior market. The 30-page report is available online in PDF format.

PwC reports that equity financing, raised by 2012’s Top 100 mining companies listed on TSXV, as at June 30, decreased by a troubling 41% totaling $1.6 billion compared to $2.7 billion raised by 2011’s Top 100 juniors. The juniors’ struggle to raise equity corresponds with their overall decline in market cap. Market cap for the Top 100 fell from $20.6 billion in 2011 to $11.7 billion 2012, representing a 43% decline. Compared to the prior year, only 39 companies in 2012’s Top 100 held or increased their market cap — 61 companies lost market cap.

The report features interviews with:

  • Peter Cashin, President and CEO Quest Rare Minerals
  • John McCoach, President TSXV
  • Nolan Watson, President and CEO Sandstorm Gold

Click here to download the PwC report . . .

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