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PERTH, Oct 1 Asia Pulse - The steady trickle of Australian mining companies listing on the Toronto Stock Exchange (TSX) has become a stream.
Liam Twigger, director of Prime Corporate Finance, a corporate advisory firm specialising in TSX listings, said Australian companies had been on the nose for Canadian investors in past decades due to some underperformers, but the sentiment had swung the other way in recent years.
The Canadian market is awash with capital and, crying out for new investment stories, has welcomed the new breed of Aussie juniors with open arms.
About 65 per cent of the world's mineral resource companies are listed on the TSX and about 40 per cent of the capital being offered is from the US, so it provides good exposure to the entire North American market for Australia's junior miners.
Papua New Guinea-focused Lihir Gold Ltd (ASX:LGL) is the latest to commence trading on the TSX.
Mexico-focused Azure Minerals Ltd said it would apply to do the same.
Last month, Dioro Exploration NL announced its plans for a TSX listing and an associated $70 million capital raising.