1 / 10

Canada Mining Update:

Canada Mining Update:. June 2012. Current Market Conditions. Toronto Stock Exchange (“TSX”). Current Market Conditions. TSX – Mining Financings. Current Market Conditions. Toronto Venture Stock Exchange (“TSXV”). Current Market Conditions. TSXV – Mining Financings. The Disconnect.

phiala
Download Presentation

Canada Mining Update:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Canada Mining Update: June 2012

  2. Current Market Conditions Toronto Stock Exchange (“TSX”)

  3. Current Market Conditions TSX – Mining Financings

  4. Current Market Conditions Toronto Venture Stock Exchange (“TSXV”)

  5. Current Market Conditions TSXV – Mining Financings

  6. The Disconnect • PWC Review of Global Trends 2012 – based on top 40 mining cos • 2011 = record profits of $133B, record cash-flows BUT market capital ↓ 25% • ↑ shareholder demands for heightened capital discipline • Invested $98B in capital projects (2011), $140B planned in 2012 • Top 40 returned 156% more to shareholders in 2011 over 2010 • Only 6 of top 40 saw market cap ↑ Source: PWC – Mine - 2012

  7. What is the impact of the Disconnect? • Long-term demand fundamentals remain robust • Key issues facing supply over next 5 years • Structural changes to costs bases • ↑ resource nationalism • Timing issues • Capital requirements in light of financial markets • How long can the disconnect continue? Source: PWC – Mine - 2012

  8. Offer Trends • In Canada, governments are actively promoting resource development • BC • Ring of Fire • NWT • Bill 14 (Quebec) • Clean Mining Alliance

  9. Carmen L. Diges, LL.M, CFA • Chair, National Mining Group

More Related