Mining's Cash Crunch: A Tale of Two Markets The recent surge in capital raisings in the Australian mining sector has raised questions about whether large cheque books are still open for business.
The answer appears to be yes – but only for companies with compelling stories and connections. A review of 35 capital raisings reveals committed or targeted funds totaling $687.
5 million, with companies seeking cash for mine development, acquisitions, and working capital. Notably, Canaccord Genuity dominated this market, securing nine mandates worth a staggering $380 million in capital.