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May 26th, 2006
The TSX Group comprises of the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSX.V). In terms of global ranking for equity capital the TSX Group places eighth. Mining is an important sector for the TSX Group. Or perhaps that would be better said in reverse. Over 50% of the world's listed mining companies are with the TSX Group. (See the following link for further information)
As of 2004, the TSX has over 1,400 listed issuers of which 219 are mining companies representing 10% of the total market capitalization of the index. The TSX.V lists nearly 2000 issues of which 995 are mining companies. In terms of market capitalization this represented approximately 50% of the TSX.V.
Some of the applicable basic TSX requirements are to have at least one million freely tradable shares with an aggregate market value of C$4 million that are held by at least 300 public security holders each holding at least one board lot.
TSX.V requirements are less stringent. Only need 500,000 freely tradable shares held by at least 200 public security holders representing 20% of the issued and outstanding shares.
The TSX has three different listings standards for mining companies depending upon their stage of development: (1) mineral exploration and development-stage, (2) producer and (3) senior producer.
These criteria are listed below. (For further information see this link)
Mineral Exploration and Development-Stage Companies (eg. ARU-X)
Producing Mining Companies (eg. TKO-T)
Senior Mining Companies (eg. GLG-T)
Published on http://DollarDaze.org - May 26, 2006.
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Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.