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Top 10 Financings – Sept 2020

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Top 10 Financings – Sept 2020






Gold accounted for eight of the top ten largest financings closed in Canadian capital markets in August, with oil & gas and silver collecting the other spots. The top ten deals closed aggregated $270.7 million, a 17.2% decrease from the $326.9 million closed in August, and representing 46.6% of the $580.9 million in deals closed. Americas Gold & Silver led the way with a $$39.4 million raise followed by Africa Energy ($36.8 million) and GoGold Resources ($34.5 million).



The top ten gold raises closed aggregated $245.5 million in September, a fall of 51.6% from the $559.8 million raised in in August, and representing some 42.35% of the total. Americas Gold & Silver led the way with a $$39.4 million raise followed by GoGold Resources ($34.5 million) and Integra Resources ($31.3 million). Total gold financings aggregated $400.6 million in September accounting for 69% of the total closed, with 13 financings of more than $10 million. 



The top ten base metals financings closed raised $42.5 million in September, 23.54% less than the $55.5 million raised in August and representing 7.3% of the total closed. Sable Resources led the way with $9.9 million, followed by Titan Mining ($8 million) and Trigon Metals ($4.8 million).


Battery metals had a weak month in September with $10.2 million raised, 72.1% less than the $36.6 million raised in August, and representing just 1.8% of the total funds raised. Lion’s Bay Mining led the way with a $3 million raise.


September saw financing activity fall away with 154 deals closed, 33% fewer than the 230 closed in August. This included 17 financings for more than $10 million, 11% of the total, and 67 closed for less than $1 million, 43.5% of the total.


Posted October 13, 2020

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