Ernst & Young

Top TSX miners increase market capitalisation $142 billion in 2010: Ernst & Young

Michael Allan McCrae | March 3, 2011
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Market capitalisation for miners on the TSX and TSX Venture rose from Can$325 billion in 2009 to $467 billion in 2010, according to a study released by Ernst & Young on Wednesday.

The study also found that the mining sector raised $17.7 billion through IPOs and private placements, eclipsing the oil and gas industry which only managed $11.3 billion.

The study also found that there were 52 mining initial public offerings on the TSX and TSX Venture that raised more than $1.3 billion.

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