| VIEW FROM THE TOP
EXPERTISE OF THE INDUSTRY WITHIN THE EXCHANGE ROB PETERMAN Vice President of Global Business Development at Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV)
348
Q: What trends have TSX and TSXV identified with
A: We strive to have a good working relationship with
the participation of the mining industry in the
the Mexican mining industry. In 2017, we had 127 TSX and
stock exchange?
TSXV companies that have 392 projects in Mexico so the
A: From a stock exchange standpoint and taking into
relationship is a very significant one. Communication is
consideration the trends that drove the markets in
important, considering the integration that exists between
2017, we saw that lithium, cobalt and battery metals in
Mexican and Canadian companies. Canada and Mexico
general were major market drivers, which are all part
have a symbiotic relationship as Mexicans value the
of the vehicle electrification shift. We also saw price
capital and expertise Canadian companies are bringing
movements in certain commodities such as zinc driving
to the country and Canada appreciates the skill-set and
market activity. Looking ahead, the most important thing
knowledge of Mexican workers. We are continuously
for the mining sector is to get back to delivering returns
having healthy discussions with our colleagues at the
for investors.
BMV and share ideas about different issues in the market.
In 2017, there were 127 TSX and TSXV companies with 392 projects in Mexico
Q: How do TSX and TSXV differentiate themselves from other stock exchanges around the world? A: One of our main differentiators is the geological expertise that has been built within Canada. This technical expertise includes the development side of the industry as well as the investor and regulatory side. But it all starts with this expertise. When a company goes public in Canada, a
The numbers were fairly consistent for raised capital
technical report called National Instrument 43-101 prepared
in the mining sector. But in 2017, we noticed optimism
by a third-party geologist is required. This in turn is vetted
in the mining industry in two main ways. First, we saw
by geologists both at the provincial securities commission
momentum of new offerings in the market through
and our exchange. Investors are assured by the fact that
IPOs and new listings. And secondly, we saw a return
the technical reports they are receiving have been vetted
to companies seeking out dual or additional listings
by a number of professional geologists, both internally
to support their capital and liquidity needs. Last year
and outsourced. These reports provide clarity on what
was the first time in a few years we saw companies list
companies are doing, what their reserves are and their
either on the London Stock Exchange or Australian Stock
worth in the market.
Exchange and added a TSX or TSXV listing, showcasing capital access and attracting more investors. These were
Being public is definitely a challenge, and companies need
two key signs of confidence returning to the market that
to carefully prepare and think about the implications for
we hope continue well into 2018.
their business. But companies listed on TSX or TSXV are able to access capital from around the world. Companies
Q: What relationship does TSX and TSXV have with the
need to know that their listing is not limited only to
Mexican mining industry?
Canadian capital. We constantly monitor what investors look for in companies and we often find that TSX or TSXV listings are a high priority thanks to our National Instrument
Toronto Stock Exchange (TSX) and TSX Venture Exchange
43-101 (covering disclosure) and the regulatory landscape
(TSXV) are integrated, multi-asset class exchanges and are
as a whole in Canada. All companies on our markets have
global leaders in supporting the capital and liquidity needs of
a technical report built around the same principles so
global mining companies
investors are able to compare projects in a unique way.
