Transcript Slide 1

Record Breaking Year for New Mining Listings
CERBA Russia and CIS International Mining Conference 2011
Tim Babcock, Director, Listed Issuer Services
TSX Venture Exchange
Disclaimer
This document is for information purposes only and is not an invitation to purchase securities
listed on Toronto Stock Exchange and/or TSX Venture Exchange or Natural Gas Exchange. TMX
Group Inc. and its affiliates do not endorse or recommend any securities referenced in this
document. Please seek professional advice to evaluate specific securities.
While the information herein is collected and compiled with care, neither TMX Group Inc. nor
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information.
© 2011 TMX Group Inc.
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Outline
Globally Competitive Exchanges
Mining Sector
Listing on Toronto Stock Exchange and TSX Venture Exchange
3
Canadian Markets… Global Leaders
th
7
in Market
Capitalization
8th
in Equity
Financing
4
4
Global Exchange Leader for New Listings in 2010
TSX/TSXV
LSE/AIM
NYSE/AMEX
Euronext (US)
Nasdaq
ASX
Hong Kong
Exchanges
3,670
2,966
2,317
2,778
1,999
1,413
2,277.5
3,613.1
13,394.1
3,889.4
1,454.5
2,711.3
New Listings
524
161
113
220
127
113
Equity Capital Raised
(US$ Billions)
52.4
60.7
208.1
8.2*
53.8
109.5
1,383.6
2,741.3
17,795.6
12,659.2
1,062.6
1,496.4
14.5%
11.0%
10.8%
16.9%
-0.7%
7.2%
Number of Issuers
Listed
Quoted Market Value
(US$ Billions)
Value Traded
(US$ Billions)
Broad Stock Market
Indexes (%Change
over Dec. 31 2009)
5
*NASDAQ Information does not include secondary financings
Source: Exchange Websites, World Federation of Exchanges, (TMX analysis of public information)
TMX Group serves companies at all stages of the
growth cycle
Market Capitalization
Toronto Stock Exchange and TSX Venture Exchange
Unique feeder system
As at December 31, 2010
86%
491
graduates
% of TSX Issuers
% of TSXV Issuers
+ 97 M&A*
40%
31%
28%
12%
428
1847
Issuers Issuers
<$50 Million
476
612
Issuers
Issuers
256
$50 - $250 Million
2%
>$250 Million
51
Issuers
*From January 1, 2000 – December 31, 2010
Toronto Stock Exchange issuer base: 1,516 issuers, ~$2.2 trillion market cap
TSX Venture Exchange issuer base (excludes NEX): 2,154 issuers, ~$71.5 billion market cap
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Outline
Globally Competitive Exchanges
Mining Sector
Listing on Toronto Stock Exchange and TSX Venture Exchange
7
TMX Group is a dominant player in the global mining sector
TSX
TSXV
TSX&TSX
V
LSE
AIM
ASX
JSE
HKEx
NYSE/NYSE
Amex
BVL
353
1,17
8
1,531
52
145
666
59
50
135
35
520.9
42.0
562.8
624.4
27.9
684.8
442.0
329.4
1,547.1
122.9
59
149
208
3
23
75
4
8
9
5
Equity Capital Raised
(C$ Billions)
YTD Dec.31.2010
12.5
5.3
17.8
2.1
2.2
1.9
0.528
1.5
0.957
-
Number of
Financings
YTD Dec.31.2010
303
2110
2413
4
143
67
1
4
3
-
Number of Mining
Issuers Listed
Quoted Market Value
(C$ Billions)
New Mining Listings
TMX Group is the global leader in mining
listings and mining financings
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Source: Exchange Websites, World Federation of Exchanges, Capital IQ
Unless otherwise noted, all stats are as at or YTD December 31 2010
TMX Group provides mining companies superior
access to capital
Global Mining Equity Financings ($ Billions)
$12.5
$29.6 Billion
global mining equity
raised
• 60% was raised
on TSX and TSXV
$5.3
2650+ financings
$2.2
• 91% were done
on TSX and TSXV
TSX
Number of
Financings
9
303
TSXV
AIM
2110 143
Source: Gamah International, December 31 2010, Compiled by TMX Group
$2.7
$2.1
$1.9
$1.5
$0.96
LSE
ASX
Hong
Kong
NYSE
4
67
4
3
$0.53
JSE
1
Other
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International Mining Companies by the Numbers
154
$84B
36
Inter. Mining Cos.
on TSX and TSX V
Market Cap
New International
Mining Listings in
2010
5
$6.4B
Average Number of
Analysts Covering
Int’l Mining Cos.
Raised Through 140
Financings in 2010
UK/Eur,
16, 10%
Australia,
37, 24%
Latin
America,
13, 8% China,
11, 7%
Africa,
10, 6%
Other, 7,
5%
USA, 60,
40%
10
Unless otherwise noted, all numbers are as at or YTD December 31 2010
Our companies are mining around the world
Africa:
UK/Europe:
Russia & CIS Countries:
Canada:
TSXV: 109 Companies
TSX: 71 Companies
TSXV: 56 Companies
TSX: 30 Companies
TSXV: 16 Companies
TSX: 15 Companies
TSXV: 782 Companies
TSX: 176 Companies
USA:
TSXV: 258 Companies
TSX: 103 Companies
Central America
& Caribbean:
TSXV: 30 Companies
TSX: 20 Companies
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Asia:
Australia/NZ/PNG:
TSXV: 66 Companies
TSX: 44 Companies
TSXV: 39 Companies
TSX: 48 Companies
Source: InfoMine, December 2010
Mexico:
TSXV: 141 Companies
TSX:
59 Companies
South America:
TSXV: 197 Companies
TSX:
86 Companies
Our mining companies have projects across the globe
Africa:
UK/Europe:
Russia & CIS Countries:
Canada:
TSXV: 365 Properties
TSX: 344 Properties
TSXV: 167 Properties
TSX: 140 Properties
TSXV: 32 Properties
TSX: 45 Properties
TSXV: 3966 Properties
TSX: 1244 Properties
USA:
TSXV: 789 Properties
TSX: 497 Properties
Central America
& Caribbean:
TSXV: 87 Properties
TSX: 59 Properties
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Asia:
Australia/NZ/PNG:
TSXV: 189 Properties
TSX: 205 Properties
TSXV: 110 Properties
TSX: 262 Properties
Source: InfoMine, December 2010
Mexico:
TSXV: 392 Properties
TSX: 216 Properties
South America:
TSXV: 689 Properties
TSX: 403 Properties
TSX and TSXV mining companies have projects in Russia
and the CIS countries
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Number of Mining
Companies in Russia
(33 Projects)
Number of Mining
Companies in CIS
(45 Projects)
$224M
Amount of Equity
Capital Raised in
2010 for Russian/CIS
Mining Projects
13
33
45
projects
TSX and TSXV mining companies have projects in Russia and the CIS countries
TSX and TSXV Companies with Mining Projects (4) in Ukraine
Catalyst Copper Corp. (TSXV)
Eastcoal Inc. (TSXV)
Secova Metals Corporation (TSXV)
TSX and TSXV Companies with Mining Projects (2) in Tajikistan
Great Basin Gold Ltd. (TSX)
Otish Energy Inc. (TSXV)
TSX Companies with Mining Projects (18) in Russia
Barrick Gold Corporation
Centerra Gold Inc.
Crocodile Gold Corp.
High River Gold Mines Ltd.
Kinross Gold Corporation
Royal Gold Inc.
Silver Bear Resources Inc.
TSXV Companies with Mining Projects (15) in Russia
Archangel Diamond Corporation
Fortress Minerals Corp.
Golden Reign Resources Ltd.
Kola Mining Corporation
Vostok Minerals Inc.
Zoloto Resources Ltd.
TSX and TSXV Companies with Mining Projects (10) in Kazakhstan
Cameco Corporation (TSX)
Ivanhoe Mines Ltd. (TSX)
Orsu Metals Corporation (TSX)
Uranium One Inc. (TSX)
Alhambra Resources Ltd. (TSXV)
TSX and TSXV Companies with Mining Projects (6) in Armenia
Barrick Gold Corporation (TSX)
TSX and TSXV Companies with Mining Projects (23) in Kyrgyzstan
Dundee Precious Metals Inc. (TSX)
Centerra Gold Inc. (TSX)
La Mancha Resources Inc. (TSX)
Orsu Metals Corporation (TSX)
Lydian International Limited (TSX)
Perseus Mining Limited (TSX)
Bactech Mining Corporation (TSXV)
Uranium One Inc. (TSX)
Caldera Resources Inc. (TSXV)
Avion Gold Corporation (TSXV)
Eurasian Minerals Inc. (TSXV)
Kola Mining Corporation (TSXV)
Stans Energy Corp. (TSXV)
14 Source: InfoMine, March 1 2011
2010 Financing Activity in Russia and CIS Countries
New Financings for Russian and CIS Projects 2010:
Uranium One: $166 million for uranium in Kazakhstan
Orsu Metals: $28 million for gold in Kyrgyzstan and Kazakhstan
Eurasian Minerals: $22 million for gold in Kyrgyzstan
Alhambra Resources: $5 million for gold in Kazakhstan
Stans Energy Corp: $3 million for uranium in Kyrgyzstan
15 Source: Gamah International
Outline
Globally Competitive Exchanges
Mining Sector
Listing on Toronto Stock Exchange and TSX Venture Exchange
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Methods for Going Public on Toronto Stock Exchange
or TSX Venture Exchange
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Capital Pool Company™ (CPC) Program has a Strong
Track Record
Since inception:
•Over 2140 CPCs were created
•80% have completed their QT – over
1700 companies
Currently:
•342 Graduates now trade on TSX
•103 of the grads were CPCs
•128 QTs in 2010
- 78 Mining QTs
- 16 Oil and Gas QTs
- 6 Technology QTs
- 5 Clean Technology QTs
18 As at December 31 2010
TMX Group has listing criteria specifically for the mining sector
Technical Listing Requirements:
19 This table is an overview. For detailed listing requirements go to www.tsx.com
•
Minimum Property Ownership
•
Management Track Record and
Experience
•
Sufficient Working Capital and/or
Mine Life
•
NI 43-101 Report
•
Exploration & Development or
Producing Requirements
Stans Energy Corp.
RUU
Focused on developing properties containing Rare Earth Elements (REEs), Uranium, and Associated Metals.
Headquartered in Toronto, Canada, with the wholly-owned subsidiary, Stans Energy KG, located in Bishkek,
Kyrgyzstan. Stans Energy Corp’s Chairman, Rodney Irwin, was the former ambassador to the Russian Federation for
Canada, and currently serves as the Honorary Consul of the Kyrgyz Republic for Canada.
Date of Listing
Financings
Market
Capitalization
Listed through the Capital Pool Company Program on TSX Venture Exchange on January 29, 2007 as JM Capital Corp.
Completed their Qualifying Transaction on December 28, 2008, changing name to Stans Energy Corp.
$1.5 million private placement in October 2010
$1.5 million private placement in January 2010
$1.0 million private placement in November 2009
$302.5 Million as of March 1, 2011
March 1, 2010 to March 1, 2011
656% share price change ($0.30 to $2.23)
697.2k average daily trading volume on TSXV
Trading and Share
Price Performance
*Source: Capital IQ
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Summary: Advantages of Listing on TSX and TSXV
•
Canada is the market of choice for resource and SME companies
• Top global player in energy and resource listings and financings
• Diverse cross-section of listed companies in a variety of sectors
•
Standards-based exchanges that promote integrity for public SMEs
• Access to specialized products for TSX/TSXV listing (eg. Capital Pool Company Program)
•
Sustained access to capital – steady growth of capital investment over past 5 years
•
Strong equity culture – 50% of Canadians hold equities
•
Strong trading liquidity – value traded has more than doubled over the past 5 years
•
Lower trading impact costs on TSX
•
Analyst coverage typically seen at an earlier stage
•
Access to US capital without the higher cost of regulatory compliance
•
Ease of access to US market with Multijurisdictional program
•
Canadian regulatory commissions and exchanges are customer-focused
•
Companies have recognized the benefits of listing or interlisting on TSX such as analyst coverage,
access to institutional and retail investors, liquidity and an active secondary financing market
•
TSX provides listed companies unparalleled product and service support
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Contact our Business Development Team to learn more about Your Capital Opportunity
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Robert Peterman
416 947-4305
[email protected]
22
Energy
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403 218-2822
[email protected]
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George Gao
416 814-8869
[email protected]
Mining and United States
Tala Zarbafi
416 947-4636
[email protected]
www.tmx.com/bd
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