Canadian miners head Down Under as mining IPOs on TSX dry up

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Cadia gold mine in New South Wales, Australia, owned by Newcrest Mining until its merger with TSX-listed Newmont Corp. Newmont entered the ASX after the merger.
Source: Newcrest Mining.

Toronto-listed miners that have dual-listed on the Australian Securities Exchange in the last six years outnumbered ASX-listed miners that have dual-listed on Canadian boards three to one, according to an S&P Global Commodity Insights analysis.

Five ASX-listed miners have dual-listed on Canadian bourses since 2018, according to TMX Group Ltd., which owns both the Toronto Stock Exchange and TSX Venture Exchange (TSX-V). That compares with 15 Toronto-listed metals and mining companies that dual-listed on the Australian exchange in the same period, according to the ASX.

“We have seen a noticeable uptick in interest and engagement from Canadian-listed entities about dual-listing on ASX. There are a number currently in the pipeline,”…

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