Lexpert Magazine quotes Toronto lawyer, John Turner, in an article regarding an increase in the interest of mining and the sector’s dominance that may lead to a mining resurgence.
John Turner of Fasken Martineau LLP noted: “Last year, particularly the first half, was dominated by equity financings in the precious metals sector. The second half was more about M&A and that is continuing and picking up pace in 2017. There was definitely an increase in interest from China, and the election of [US] President Donald Trump seemed to improve the outlook for base metals and uranium in particular.”
“However,” cautioned Turner, “there are issues around value. With mining companies having worked hard to improve their balance sheets over the past few years, shareholders have little appetite to see companies repeat the value destructive acquisitions we saw during the super cycle.”