Gold and silver dominate November financings

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Toronto and venture exchange companies raised $309M last month compared to $519M a year ago.

The largest financing was SolGold at $80.5 million followed by Mag Silver at $48.1 million.

SolGold is financing exploration at its Cascabel project in Ecuador.

About half the financings went to companies advancing gold projects. A quarter went to silver.

Companies within the technology metals group—lithium, graphite, rare earth and cobalt—raised just over $50M in total,  16% of total money raised for miners and juniors listed on the TSX and CVE.

While November financings may have been down, the financing picture has improved for juniors. Year-to-date TSX and venture exchange mining companies have raised $6.07B compared to $4.80B a year ago, a 25% increase.

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