Increased cash flows, merger and acquisitions (M&A) activity and new debt issues have helped many of the world’s top miners to strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, new analysis from PwC Canada has shown.
“As the global mining industry is moving out of a challenging time into a period of recovery, it is very encouraging to see Canada as an international mining leader in a variety of areas. Having four Canadian-based companies amongst the largest metal streaming and royalty businesses in the world demonstrates Canada’s leadership, not only in alternative financing, but in the sector as a whole,” stated PwC Canada’s national mining leader, Liam Fitzgerald.
