{"id":49009,"date":"2024-07-08T10:00:20","date_gmt":"2024-07-08T10:00:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/mining-star-of-the-show-in-capital-markets-deal-activity\/"},"modified":"2024-07-08T10:00:20","modified_gmt":"2024-07-08T10:00:20","slug":"mining-star-of-the-show-in-capital-markets-deal-activity","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/mining-star-of-the-show-in-capital-markets-deal-activity\/","title":{"rendered":"Mining star of the show in capital markets deal activity"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Mining<\/li>\n<li class=\"breadcrumbs__item\">Finance<\/li>\n<li class=\"breadcrumbs__item\">Banking<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Mining at centre of more than half the equity and equity-linked deals this year<\/p>\n<div class=\"callout callout--noindent flex-align-center flex-justify-between\" data-evt-val=\"{\" control_fields=\"\" data-evt=\"visible\" data-evt-typ=\"element_view\"><span class=\"callout__text\"> Get the latest from Barbara Shecter straight to your inbox <\/span><button class=\"button button--icon button--primary-alt\" data-id-login-redirect=\"https:\/\/financialpost.com\/author\/bshecter\/newsletters\/\" type=\"button\"><span class=\"button__text\">Sign Up<\/span> <span aria-hidden=\"true\" class=\"button__icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 11 11\" width=\"11\"><polygon points=\"1.1 0 7 6 1.1 12 0 10.9 4.8 6 0 1.1\"\/><\/svg> <\/span><\/button><\/div>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Jul 08, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 58\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">6 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"868b6abe-c584-48b8-ac3b-3879c2fe3b32\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=3PjClLMx4-dAx4AnUKJ20g,&#10;            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https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=3KZ8WHolWNYbW1REcj5jxQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=YelMh-wbH7zcV3v1Zfzadg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=sJZj2DjSY7lAK0l4FxOToA 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=jRg4fs13NqiMrP-sJIu1RA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0706-bc-dealmakers.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=GCz1gBqNkwnO8OkJ5I38Xg 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The Bay Street financial district is shown in Toronto on Aug. 5, 2022. <\/span> <span class=\"credit\">Photo by THE CANADIAN PRESS\/Nathan Denette<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Higher commodity prices and the rise of electric vehicles made\u00a0the mining sector the star of the show for Bay Street\u2019s dealmakers in the first half of the year, with investors particularly hungry for stock and debt in companies supplying copper.<\/p>\n<p>Ryan Latinovich, global head of metals and mining<span> <\/span>at RBC Capital Markets, said interest in the sector has come from both seasoned investors and those who haven\u2019t been exposed to mining before.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment5320167712090914337438327440932864\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues 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Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201c(There is) very broad support (from) new investors who may not have as long of a history in mining, but get some of the green metals thematics that are a secular driver, and want to find a way to participate,\u201d he said. \u201cWe\u2019ve been very fortunate to be in a leadership role with many, if not all, the biggest deals on the copper side.\u201d<strong\/><\/p>\n<p data-async=\"\">The interest in mining \u2014 the sector has been at the centre of more than half the equity and equity-linked deals this year \u2014\u00a0 and a reinvigorated appetite for corporate debt helped produce 508 debt and equity deals worth $338.7 billion in the first half of 2024, according to figures compiled by FP Data, with deal count up 6.3 per cent and deal value up 32 per cent from the same period a year earlier.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=LzcqA94Xkgpndd8qAIMJzA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=6XpCTBcVSywHjHtdOIBv7A 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=FeM0ki-UUkO6f5lw3aaOAg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=YVVJPndSHFHhx1PoHS4rQA 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=ExIztM9fqpJQQkPBKLSBdQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=fhMNx3mK-zoT1Wcr9NUFhQ 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=j13WhutTMn74QhDYoWLc9g,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=HxxhMMvUFwGEfU98cAwA8w 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=PvEW1FRvJ5amjnGdLMvSLw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=TJdd_dStVUeRmu_wdqYEfA 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Dealmakers summary chart\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=1R2ZPB_aVKHGekmUqZg-2w\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=1R2ZPB_aVKHGekmUqZg-2w,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=90&amp;strip=all&amp;w=576&amp;sig=Av7VVdgInYuxAGvrmsS3LA 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-summary-h1-2024.png?quality=5&amp;strip=all&amp;w=100&amp;sig=wJ0V_5JYEwGOMxHI2putCQ\" height=\"623\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p data-async=\"\">On the debt side of the market, where the largest prospectus deals involved financial services companies with a smattering of telecom and energy players, buyers and sellers finally found common ground on interest rate expectations.<\/p>\n<p>\u201cPeople realized, I think, that rates were probably going to stay higher for longer, and so there was a lot of demand from the buyer market for product,\u201d said Andrew Parker, co-head of the national capital markets practice at law firm McCarthy T\u00e9trault LLP. \u201cAnd issuers, even though they saw rates potentially coming down, I understand from the investment banking community that buyers were pricing in rate cuts in the bond market, so they were willing to buy, and you had sellers willing to sell, and it was just sort of off to the races.\u201d<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot16\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste2087924926478472667937079751081984\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" 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Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment1363865445472509707657684617003008\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Ownership equity deal volume, though a relatively small piece of the overall dealmaking pie compared to government and corporate debt, also picked up, soaring 70 per cent to $11.1 billion even though deal count, at 154, was 14.4 per cent lower than in the first half of 2023.<\/p>\n<p>\u201cYear-to-date, mining has been the soup du jour,\u201d said Peter Miller, head of global equity capital markets at BMO Capital Markets.<\/p>\n<p>Though it is always a \u201cbusy sector,\u201d Miller noted it was \u201cunusual\u201d for it to account for half the year\u2019s\u00a0issuance so far.<\/p>\n<p data-async=\"\">Bank of Montreal\u2019s capital markets division had the most full-credit bookrunner mandates in the first half of the year when it came to equity deals, with 20, though its deal value of $1.9 billion and 16.7 market share trailed RBC Capital Markets. RBC had 15 deal mandates valued at $2.55 billion, putting its market share at 22.3 per cent, while National Bank Financial Inc. rounded out the top three with 14 deal mandates worth $1.3 billion and an 11.5 per cent share of the market.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=Hu_78zX5kL1hL3IeoIbqOg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=xzp8yrgUjQYzHc1-yT8nyg 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=1Pvni8dAdawRpZyPFg6Gcg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=iPa-03gBX2XLHTGZIjfcJw 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=WvKhUTq1l95NlsZkUdk0KA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=0J9LsQb__t0TjVbjVUUXDw 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=yRhwuKTtjb2Xdjva79G7IQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=rDFzFOa_BL7_wDaCQhSGoQ 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=tIsZbI5o_ara1KkiHMihKQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=E6Byi2xZsFqkJj21IvuHjA 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Dealmakers all equity chart\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=288&amp;sig=igGZciQThbt08fznqSqvHA\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=288&amp;sig=igGZciQThbt08fznqSqvHA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=90&amp;strip=all&amp;w=576&amp;sig=4mQXg_80nGEJ0hfklD_H9Q 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-all-equity-.png?quality=5&amp;strip=all&amp;w=100&amp;sig=1w6-f1VDjQC75ik0AJ1IZw\" height=\"855\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p data-async=\"\">Miller said most of the big-money deals in mining in the first half of the year were copper plays, including those by First Quantum Minerals Ltd., Capstone Copper Corp. and Hudbay Minerals Inc.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment5514750339330132570340502611689472\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>He noted that a comprehensive refinancing by First Quantum in February \u2014 which included a US$1.2-billion equity offering as well as a US$1.6-billion private debt offering to help fund completion of an expansion project at its Kansanshi copper-gold mine in Zambia \u2014 was \u201catypical\u201d and helped drive the outsized activity.<\/p>\n<p>Capstone raised $431 million in an equity offering to advance near-term growth initiatives in Chile, while funds managed by Orion Resource Partners LP sold additional shares in a secondary offering. Hudbay Minerals raised around US$400 million in the equity offering to help fund near-term growth initiatives at its Copper Mountain unit.<\/p>\n<blockquote>\n<p>Maybe (Tesla) overshoots and maybe it&#8217;s undershooting now, but there&#8217;s no question that EV conversion is coming<\/p>\n<p>Peter Miller, head of global equity capital markets at BMO Capital Markets<\/p>\n<\/blockquote>\n<p>While there was activity in other parts of mining sector \u2014 especially gold and silver, whose prices are both up by double-digits in percentage terms so far this year \u2014 battery-related metals led the way, Miller said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cThere\u2019s a little steam coming out, just look at Tesla, but, you know, we\u2019re believers. Maybe it overshoots and maybe it\u2019s undershooting now, but there\u2019s no question that EV conversion is coming, and these metals will have to change the world and they\u2019ll be needed.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment4663046542846474741672914462965760\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>With most companies well-capitalized at this point in the cycle, more merger and acquisition-related financings would be needed to sustain the activity in the back half of the year, Miller said.<\/p>\n<p data-async=\"\">There was some M&amp;A activity in the first half, including Equinox Gold Corp.\u2019s acquisition of a 40 per cent stake in Greenstone Gold Mine GP Inc., purchased from funds managed by Orion Mine Finance Management for US$995 million.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=-bqWljxiU_64bPRjZ1cg-g,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=NXMJ8KMUV1_DylPPMtlM6g 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=d15rjFEh68od6mMEfFXTDg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=MtWfkvpxfslC99ax2YIjOw 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=6wEU_QXxEyVSI79L17YyBQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=p-95JNq7XBy6SOGhaoBXCQ 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=Qlj7vDxG32nZsWGBTWDUTA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=D2sj2n4E5ADHxCW_2fa_3Q 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=hJvkc_UPXJDybm949nyM4A,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=8T8C3w_LcMuyuRfwoWrPwQ 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Dealmakers M&amp;A chart\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=hc7byH6_jObuflk0LhrgcQ\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=hc7byH6_jObuflk0LhrgcQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=90&amp;strip=all&amp;w=576&amp;sig=MnR-VBpabJF_iVK_kpuU0g 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/Dealmakers-MA-2024.png?quality=5&amp;strip=all&amp;w=100&amp;sig=cl5JJeDDLOm7PVSCDvguBw\" height=\"873\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p>Also in April, Karora Resources Inc.\u00a0announced plans to merge with Westgold Resources Ltd. in a deal valued at US$786 million.<\/p>\n<p>Trevor Gardner, head of global investment banking coverage at RBC Capital Markets, said he thinks there is longevity in the mini mining boom evident the first half of the year.<\/p>\n<p>Gardner expects global trends in artificial intelligence and data collection and storage will increase the focus on certain metals and minerals.<\/p>\n<p>\u201cIt\u2019s hard to store or transmit energy without a lot of the critical minerals that are important to many of these companies,\u201d Gardner said.<\/p>\n<p>In the all-deals category, TD Securities Inc. nudged RBC out of top spot for deal value in the first half of the year, according to FP Data. While TD pulled in 138 mandates compared to 159 at RBC, TD\u2019s deal value was slightly ahead at $46.7 billion compared to $45.5 billion at RBC, giving TD a market share of 13.8 per cent compared to 13.4 per cent for RBC. National Bank Financial rounded out the top three with 101 mandates worth nearly $40 billion and a market share of 11.8 per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment9801395444834488905702363222769664\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cThe fundamentals within the mining market have been quite good and quite constructive,\u201d said Geoff Bertram, co-head of investment banking at TD Capital Markets. \u201cCommodities have been strong.\u2026 We\u2019re seeing a little bit more M&amp;A, which is helpful (and) I think we\u2019re going to see more activity on the financing and M&amp;A side going forward.\u201d<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=BrBZg7lFHS1l5MGMlswzcw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=vvzK3DoivheFWamBGfrw0A 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=EOeoljEI1JN3t6KFOx8fYA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=ybVU4frfi0tWhpZGhc3t2g 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=FIdePMobdUxWBTbIR5oFvw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=J83NUCym0Lom3u4eURM8oA 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=U72r4i9_fbAS2HVlFYr8sw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=8YqoVIo0fJf2x7vzKFVDOQ 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=m4jwKsB9dxMbvhvj9j9Sqg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=CFjyaX0cnJWisCIVyj3r6w 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Dealmakers total financing chart\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=48XTy6SnLKfNbzwMruFdnA\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=288&amp;sig=48XTy6SnLKfNbzwMruFdnA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=90&amp;strip=all&amp;w=576&amp;sig=pTx08A_ZWOlNzG0aq6eBwA 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/dealmakers-total-financings-h1-2024.png?quality=5&amp;strip=all&amp;w=100&amp;sig=baZbILqnjhwqbhgVsf3wsg\" height=\"1424\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p data-async=\"\">He said the timing of that activity may depend on the outcomes of various election cycles playing out in Europe and the United States.<\/p>\n<p>\u201cThere\u2019s been so much election uncertainty that\u2019s gone into the market, and the M&amp;A is, really, an activity that you see when there\u2019s maybe a little bit more more certainty. And we\u2019re not quite there yet.\u201d<\/p>\n<section aria-labelledby=\"moreTopicLabel7468082130654165726976220344614912\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" people=\"\" walking=\"\" away=\"\" from=\"\" transactions=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"The financial district in Toronto. Dealmaking slowed 14.3 per cent  in the first half of 2023 from the year before, according to Finanical Post data.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/dealmakers-bay-street-gs0706.png?h=96&amp;strip=all&amp;quality=80&amp;sig=NgGHhfHksBrbeg_voATXeQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/dealmakers-bay-street-gs0706.png?h=96&amp;strip=all&amp;quality=5&amp;sig=gLGcneQoq5ikfVc24g28ew\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/dealmakers-bay-street-gs0706.png?h=96&amp;strip=all&amp;quality=80&amp;sig=NgGHhfHksBrbeg_voATXeQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/dealmakers-bay-street-gs0706.png?h=192&amp;strip=all&amp;quality=80&amp;sig=-V2R7jIcEIa0dyIN8GvUBQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/dealmakers-bay-street-gs0706.png?h=288&amp;strip=all&amp;quality=80&amp;sig=sAgxnbTYuDpmyFXiIBqx4w 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">More people &#8216;just walking away&#8217; from transactions<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" rate=\"\" peak=\"\" fuels=\"\" optimism=\"\" on=\"\" bay=\"\" street=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"There's a new optimism blowing through Toronto's financial district. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/bay-street-0112-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=dQsiNFmY82NWQmJDySvo8Q\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/bay-street-0112-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=1g7rC-jW9Ex-GOSjjbOLnw\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/bay-street-0112-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=dQsiNFmY82NWQmJDySvo8Q, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/bay-street-0112-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=9wLAz2Ad7cuJtlvNRSllPw 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/bay-street-0112-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=KkLzX29Cj94NL3AjuLZOlw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Interest rate peak fuels optimism on Bay Street<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>Jeremy Fraiberg, co-chair of mergers and acquisitions at law firm Osler, Hoskin &amp; Harcourt LLP, said there appears to be a bit of a disconnect between fundamentals and M&amp;A activity, including a continued moribund market for initial public offerings.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cYou would think that \u2026 things would come roaring back once there were rate cuts and inflation was under control,\u201d he said. \u201cMarkets were good and so we do see activity, but I don\u2019t know that it\u2019s quite come all the way back to the extent that people were hoping for \u2014 yet.\u201d<\/p>\n<p><iframe loading=\"lazy\" style=\"--height: 800px;\" frameborder=\"0\" height=\"800\" id=\"492da3966ea2fab937237b660103d35d-37979189-63436796\" src=\"https:\/\/lookerstudio.google.com\/embed\/reporting\/da77d2d6-4a01-4078-b7b4-1bc9c323eeef\/page\/0cJCB\" width=\"750\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" style=\"--height: 800px;\" frameborder=\"0\" height=\"800\" id=\"492da3966ea2fab937237b660103d35d-37979189-63436796\" src=\"https:\/\/lookerstudio.google.com\/embed\/reporting\/42a81c71-45f9-4d8e-aad8-e25e69fb1f3b\/page\/59YWB\" width=\"750\"><\/iframe><\/p>\n<p data-async=\"\"><em>\u2022 Email: bshecter@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><span>\u00a0<\/span><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Mining star of the show in capital markets deal activity<\/a><br \/>\n<br \/>2024-07-08 10:00:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Mining Finance Banking Mining at centre of more than half the equity and equity-linked deals this year Get the latest from Barbara Shecter straight to your&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-49009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49009"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49010"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}