2018 minerals-focused financings off to slow start – by Henry Lazenby (MiningWeekly.com – January 22, 2018)


ANCOUVER (miningweekly.com) – In the wake of a slow start to mineral-focused financing activity, analysts are predicting more of the same for at least the first four months of 2018.

This year is also not expected to surpass 2017 in the number and value of mineral-focused financings undertaken at the market, data company Oreninc told attendees at the 2018 Vancouver Resource Investment Conference on Sunday. “Share prices will appreciate, but financing levels will probably be below 2017 levels,” said CEO Kai Hoffmann.

Oreninc tracks all Canadian mining and metals and oil and gas equity financings for companies listed on the TSX, TSX-V and CSE. The data is used to create a deal log, which it uses in consulting services and which is available for public scrutiny free of charge.

Hoffmann does not expect the period from now until the Prospectors and Developers Association of Canada’s Convention, early in March, to see much more action on the financing front, especially because December 2017 ended on such a high note.

According to Hoffmann’s data, the last three months of 2017 saw frenzied financing activity, bringing the total number of deals in 2017 to 1 387, compared with 1 480 in 2016. In 2016, the market raised C$4.83-billion, compared with C$4.6-billion in 2017.

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