Dundee capital markets 2017 mining sector filetype pdf Port Carmen

dundee capital markets 2017 mining sector filetype pdf

A GLOBAL MINERALS AND ENERGY BUSINESS Mining Associates Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

Global IPOs rebound in 2017 bakermckenzie.com

PRODUCING GOLD IN CALIFORNIA Golden Queen Mining Co. Ltd.. Figure 2: Project finance portfolio by sector as a % of total portfolio value, expressed as Exposure at Default (as at 30 September 2017) 4. Coal-fired power represents 1% and gas-fired power 5%., Dundee Capital Markets . Sonoma Valley Precious Metals Forum . November 13 -15, 2014 . TSX P I NYSE PPP I 2 . This presentation may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the Company.

x Underwriters ¶ counsel to Dundee Capital Markets in connection with a $4 million bought deal of units of Excelsior Mining Corp. x Counsel to Telegraph Gold Inc. in … CAPITAL RAISED USD SECTOR ISSUER HOME JURISDICTION & EXCHANGE Financials Financials Financials Healthcare High Technology Koen Vanhaerents Global Head of Capital Markets at Baker McKenzie “Markets have performed well, with key indices rising to record levels. Political stability in many markets, strong performance of IPOs and sound economic fundamentals are the forces driving …

The capital markets ecosystem turned in a decent performance in 2016 compared with the previous five years. Although investment banking revenues continued to decline, they did so at a lower rate, while other types of players—such as exchanges and venues, information providers, and buy-side The dramatic leadership change in Washington will help shape U.S. equity market returns and sector leadership in early 2017 and possibly at other points throughout the year. Although President-elect Trump’s agenda could supersize GDP growth, at least in the first couple years, it isn’t the only factor that will impact stock prices. Bread-and-butter fundamentals should play pivotal roles as

Metals & Mining January 13, 2016 . DUNDEE CAPITAL MARKETS . Page 23. Russia continues to sign deals throughout the developing world, most recently with Egypt, India, and Bangladesh. KeyBanc Capital Markets: Basic Materials & Packaging Conference, Boston Basic Materials & Packaging Conference 11 September Credit Suisse: 2017 Global Steel and Mining Conference, London 2017 Global Steel and Mining Conference 9 August Jefferies 2017 Industrials Conference, New York Jefferies 2017 Industrials Conference 27-28 June Macquarie Global Metals, Mining & Materials …

Dundee Capital Markets . Sonoma Valley Precious Metals Forum . November 13 -15, 2014 . TSX P I NYSE PPP I 2 . This presentation may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the Company Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

ness of a project finance market that already was suffering in many parts of the world due to prolonged lower commodity prices, slow economic growth, ongoing sanctions in formerly active markets and increasingly stringent capital requirements placed on commercial banks. Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

drawn from all areas of RBC GAM. The Committee regularly receives economic and capital markets related input from internal and external sources. Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

industry, she quickly realized her knowledge of capital and equity markets, coupled with an outsider’s perspective, meant she could bring fresh perspec- tives to the challenges and problems many mining … Global economic uncertainty and price volatility perpetuates tepid growth trend in the mining sector for the first half of 2017. The first half of 2017 saw mining M&A activity continue its tepid half-over-half growth trend, as metal prices increased, while mining stocks continued to fall, and

CAPITAL RAISED USD SECTOR ISSUER HOME JURISDICTION & EXCHANGE Financials Financials Financials Healthcare High Technology Koen Vanhaerents Global Head of Capital Markets at Baker McKenzie “Markets have performed well, with key indices rising to record levels. Political stability in many markets, strong performance of IPOs and sound economic fundamentals are the forces driving … The sector is also rich in side-stream linkages. By way of explanation, these include the support services required for the mine to function effectively, ranging from transport services to power,

mining analyst, Mr. Fazzini brings deep relationships across the capital markets community as well as an in-depth background in financial statement analysis, project finance and investment valuation. 10 “Metals & Mining,” Dundee Capital Markets, 14 October 2016; “Divergent Paths - Commodity Outlook Update and Q3/16 Base Metals Preview,” Canaccord Genuity, 24 October 2016. 4 Canadian Mining Eye Q4 2016 Nolan Watson of Sandstorm Gold speaks to EY BC Transactions Leader, Michelle Grant, about the capital markets in the mining sector. Following are the highlights of their

The strong market returns in 2017 indicated widespread complacency among investors, despite potential risks being well known. This under-appreciation of risk was also reflected in measures of market volatility such as the VIX Index, which remained at unusually low levels. exploration industry, expectations regarding metal prices, growth prospects and the outlook of Mundoro’s operations, including the successful definition of mineral resources or reserves on Mundoro’s Serbian exploration projects, and its ability to raise the capital resources

Company Investment Counsel and Dundee Capital Markets he worked as an analyst valuating private equity companies. Most Most recently Mr. Waraich worked as an investment banker focusing on deal origination, going-public transactions and financings for The strong market returns in 2017 indicated widespread complacency among investors, despite potential risks being well known. This under-appreciation of risk was also reflected in measures of market volatility such as the VIX Index, which remained at unusually low levels.

A GLOBAL MINERALS AND ENERGY BUSINESS Mining Associates. Dr. Curtis brings over 40 years of experience in the mining industry and capital markets, with a proven track record in corporate development, mine development and project financing. He is the founder of, Global economic uncertainty and price volatility perpetuates tepid growth trend in the mining sector for the first half of 2017. The first half of 2017 saw mining M&A activity continue its tepid half-over-half growth trend, as metal prices increased, while mining stocks continued to fall, and.

Toachi Mining Inc. Announces Appointment of New Chief

dundee capital markets 2017 mining sector filetype pdf

Toachi Mining Inc. Announces Appointment of New Chief. Company Investment Counsel and Dundee Capital Markets he worked as an analyst valuating private equity companies. Most Most recently Mr. Waraich worked as an investment banker focusing on deal origination, going-public transactions and financings for, Industry expertise and experience has enabled Pareto Securities’ international success Seafood Shipping Power & Renewables Oil & Offshore Mining Retail TMT Real Estate A global leader within energy and maritime sectors A leading Nordic player across all sectors. 3 Equity sales & trading Equity issuance, listed and non-listed Block sales, buybacks and strategic acquisitions Equity Capital.

Mining Borden Ladner Gervais. 13 2 Economic overview In brief The global economic growth outlook has weakened in recent months, led by a sharp slowdown in developing countries., the private sector in emerging markets • Provides loans, equity, quasi-equity, local currency products, risk management, capital markets access, and mobilization • Promotes social, environmental, and corporate governance standards • AAA-rated by S&P and Moody’s IFC Has Global Reach IFC Value-Add in Mining • More than 50 years of sector experience providing integrated solutions in fi.

Dundee Capital Markets Sonoma Valley Precious Metals Forum

dundee capital markets 2017 mining sector filetype pdf

Investing in Saudi Arabia beyond oil Mining renewable. • Formerly, an investment banker with Dundee Capital Markets working exclusively with mining companies on a variety of financings and M&A advisory assignments Experienced Leadership Team European Policy Brief Strategic Dialogue on Sustainable Raw Materials for Europe (STRADE) No. 07 / 2017 Platforms for strategic dialogue on mining and minerals: a possible way.

dundee capital markets 2017 mining sector filetype pdf

  • Mining-MA-H1-2017 KPMG CA
  • 2017 OVERVIEW AND LEADERSHIP VIEWS dundeecorp.com
  • Antler Hill Provides Update on Progress Toward a

  • The outlook for mining sector remains uncertain, and capex investment by miners remains low. The resulting decline in capex by miners does not bode well for equipment manufacturers. However, the capex decline is forecast to bottom out at US$65b in 2017,1 and the mining equipment market is consequently expected to stabilize. Demand: original equipment demand declines to 2009 crisis level ness of a project finance market that already was suffering in many parts of the world due to prolonged lower commodity prices, slow economic growth, ongoing sanctions in formerly active markets and increasingly stringent capital requirements placed on commercial banks.

    2 Allen & Overy in the Middle East 2017 Allen & Overy LLP 201. Contents Covering your needs 4 Allen & Overy in the Middle East 6 Our regional presence 8 Independent market recognition 10 Awards 11 Sector expertise 13 Banking 14 Project finance 16 Corporate and M&A 18 Telecommunications, Media and Technology 22 Equity capital markets 24 Debt capital markets 26 Islamic finance 28 Award … 2017 Top Markets Report Media and Entertainment . Sector Snapshot. Media & Entertainment The global Media & Entertainment (M&E) market reached $1.9 trillion in revenues in 2016, according to the 2016- 2020 Entertainment & Media Outlook by PricewaterhouseCoppers (PwC), and is expected to expand by nearly five percent to reach just under $2 trillion in 2017. In 2016, China ($190 billion) …

    o Almost 30 years’ of equity capital markets experience , focused entirely on mining sector, with Warburgs, Deutsche Bank, Canaccord, Rencap & Dundee Securities, where he was Head of … x Underwriters ¶ counsel to Dundee Capital Markets in connection with a $4 million bought deal of units of Excelsior Mining Corp. x Counsel to Telegraph Gold Inc. in …

    o Almost 30 years’ of equity capital markets experience , focused entirely on mining sector, with Warburgs, Deutsche Bank, Canaccord, Rencap & Dundee Securities, where he was Head of … Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

    The sector is also rich in side-stream linkages. By way of explanation, these include the support services required for the mine to function effectively, ranging from transport services to power, manufacturing sector remains risk averse, unwilling to spend on new machinery, software, and talent during a period of protracted slow growth and limited proven solutions.

    drawn from all areas of RBC GAM. The Committee regularly receives economic and capital markets related input from internal and external sources. 10 “Metals & Mining,” Dundee Capital Markets, 14 October 2016; “Divergent Paths - Commodity Outlook Update and Q3/16 Base Metals Preview,” Canaccord Genuity, 24 October 2016. 4 Canadian Mining Eye Q4 2016 Nolan Watson of Sandstorm Gold speaks to EY BC Transactions Leader, Michelle Grant, about the capital markets in the mining sector. Following are the highlights of their

    the private sector in emerging markets • Provides loans, equity, quasi-equity, local currency products, risk management, capital markets access, and mobilization • Promotes social, environmental, and corporate governance standards • AAA-rated by S&P and Moody’s IFC Has Global Reach IFC Value-Add in Mining • More than 50 years of sector experience providing integrated solutions in fi Global economic uncertainty and price volatility perpetuates tepid growth trend in the mining sector for the first half of 2017. The first half of 2017 saw mining M&A activity continue its tepid half-over-half growth trend, as metal prices increased, while mining stocks continued to fall, and

    The capital markets ecosystem turned in a decent performance in 2016 compared with the previous five years. Although investment banking revenues continued to decline, they did so at a lower rate, while other types of players—such as exchanges and venues, information providers, and buy-side 10 “Metals & Mining,” Dundee Capital Markets, 14 October 2016; “Divergent Paths - Commodity Outlook Update and Q3/16 Base Metals Preview,” Canaccord Genuity, 24 October 2016. 4 Canadian Mining Eye Q4 2016 Nolan Watson of Sandstorm Gold speaks to EY BC Transactions Leader, Michelle Grant, about the capital markets in the mining sector. Following are the highlights of their

    x Underwriters ¶ counsel to Dundee Capital Markets in connection with a $4 million bought deal of units of Excelsior Mining Corp. x Counsel to Telegraph Gold Inc. in … The gold mining segment of the metals and mining sector has long been considered rather separately from the industrial metals, as it has attracted investors interested in gold’s special properties as a financial asset and as a rare metal.

    o Almost 30 years’ of equity capital markets experience , focused entirely on mining sector, with Warburgs, Deutsche Bank, Canaccord, Rencap & Dundee Securities, where he was Head of … Watch video · Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, regulates the exchange and envisions a day when foreign companies can list. "The Saudi capital market …

    Mining Associates in 2003, Alligator Energy in 2010 and K92 Mining in 2015. He is the Chairman of He is the Chairman of the Brisbane Mining Club and lectures at the University of Queensland. market risk. In such an environment, market corrections offer opportunities. back collective trust in private sector entrepreneurship at the heart of their economies and societies. At the same time, in many developed economies, the adversities resulting from the financial and European debt crisis, exacerbated more recently by the challenges of mass migration from countries at war, are

    PRODUCING GOLD IN CALIFORNIA Golden Queen Mining Co. Ltd.

    dundee capital markets 2017 mining sector filetype pdf

    Metals and Mining Global Banking and Markets HSBC. Watch video · Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, regulates the exchange and envisions a day when foreign companies can list. "The Saudi capital market …, Orford Mining August 2018 Disclaimer 2 Cautionary Statement Concerning Forward-Looking Statements Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this presentation..

    SA Mine PwC

    2017 the year in review nab asset management. manufacturing sector remains risk averse, unwilling to spend on new machinery, software, and talent during a period of protracted slow growth and limited proven solutions., drawn from all areas of RBC GAM. The Committee regularly receives economic and capital markets related input from internal and external sources..

    investors with the latest research on the global reinsurance sector and views on the ratings in the agency’s universe of reinsurance coverage. The 2017 Outlook: Global Reinsurance report discusses the key drivers behind the negative sector outlook that Fitch maintains, as well as outlining the conditions that could lead the agency to revise its rating outlook to negative from stable. The • Formerly, an investment banker with Dundee Capital Markets working exclusively with mining companies on a variety of financings and M&A advisory assignments Experienced Leadership Team

    13 2 Economic overview In brief The global economic growth outlook has weakened in recent months, led by a sharp slowdown in developing countries. Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

    the gold-mining industry, our product line has expanded to over 500 reagents for use in flotation, flocculation, filtration, solvent extraction, and other applications. The strong market returns in 2017 indicated widespread complacency among investors, despite potential risks being well known. This under-appreciation of risk was also reflected in measures of market volatility such as the VIX Index, which remained at unusually low levels.

    The outlook for mining sector remains uncertain, and capex investment by miners remains low. The resulting decline in capex by miners does not bode well for equipment manufacturers. However, the capex decline is forecast to bottom out at US$65b in 2017,1 and the mining equipment market is consequently expected to stabilize. Demand: original equipment demand declines to 2009 crisis level 2 Allen & Overy in the Middle East 2017 Allen & Overy LLP 201. Contents Covering your needs 4 Allen & Overy in the Middle East 6 Our regional presence 8 Independent market recognition 10 Awards 11 Sector expertise 13 Banking 14 Project finance 16 Corporate and M&A 18 Telecommunications, Media and Technology 22 Equity capital markets 24 Debt capital markets 26 Islamic finance 28 Award …

    market risk. In such an environment, market corrections offer opportunities. back collective trust in private sector entrepreneurship at the heart of their economies and societies. At the same time, in many developed economies, the adversities resulting from the financial and European debt crisis, exacerbated more recently by the challenges of mass migration from countries at war, are drawn from all areas of RBC GAM. The Committee regularly receives economic and capital markets related input from internal and external sources.

    investors with the latest research on the global reinsurance sector and views on the ratings in the agency’s universe of reinsurance coverage. The 2017 Outlook: Global Reinsurance report discusses the key drivers behind the negative sector outlook that Fitch maintains, as well as outlining the conditions that could lead the agency to revise its rating outlook to negative from stable. The Metals & Mining Sector Profile Overview The Metals & Mining sector is the largest industry sector by number of companies with over 600 involved in mineral exploration, development and production in over 100 countries. The sector comprises several of the world’s largest diversified resource companies, including global giants such as BHP Billiton and Rio Tinto, as well as a representation of

    Metals & Mining Sector Profile Overview The Metals & Mining sector is the largest industry sector by number of companies with over 600 involved in mineral exploration, development and production in over 100 countries. The sector comprises several of the world’s largest diversified resource companies, including global giants such as BHP Billiton and Rio Tinto, as well as a representation of 13 2 Economic overview In brief The global economic growth outlook has weakened in recent months, led by a sharp slowdown in developing countries.

    Metals & Mining Sector Profile Overview The Metals & Mining sector is the largest industry sector by number of companies with over 600 involved in mineral exploration, development and production in over 100 countries. The sector comprises several of the world’s largest diversified resource companies, including global giants such as BHP Billiton and Rio Tinto, as well as a representation of market risk. In such an environment, market corrections offer opportunities. back collective trust in private sector entrepreneurship at the heart of their economies and societies. At the same time, in many developed economies, the adversities resulting from the financial and European debt crisis, exacerbated more recently by the challenges of mass migration from countries at war, are

    Orford Mining August 2018 Disclaimer 2 Cautionary Statement Concerning Forward-Looking Statements Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this presentation. Global economic uncertainty and price volatility perpetuates tepid growth trend in the mining sector for the first half of 2017. The first half of 2017 saw mining M&A activity continue its tepid half-over-half growth trend, as metal prices increased, while mining stocks continued to fall, and

    the private sector in emerging markets • Provides loans, equity, quasi-equity, local currency products, risk management, capital markets access, and mobilization • Promotes social, environmental, and corporate governance standards • AAA-rated by S&P and Moody’s IFC Has Global Reach IFC Value-Add in Mining • More than 50 years of sector experience providing integrated solutions in fi Mining Associates in 2003, Alligator Energy in 2010 and K92 Mining in 2015. He is the Chairman of He is the Chairman of the Brisbane Mining Club and lectures at the University of Queensland.

    Developing the Salamanca project Europe’s only major

    dundee capital markets 2017 mining sector filetype pdf

    Mining equipment overview EY. Capital requirements 2017 US$63 million from equity and strategic partner 2018 US$61 million from strategic partner and debt 2019 US$73 million from cashflow 8 . Over five year period from 2018 both US and EU utility coverage will fall to around 20% of annual requirements Source: Trade Tech, ‘The EU Nuclear Fuel Market’, July 2016 9 US EU . China is currently spending US$570 billion, 10 “Metals & Mining,” Dundee Capital Markets, 14 October 2016; “Divergent Paths - Commodity Outlook Update and Q3/16 Base Metals Preview,” Canaccord Genuity, 24 October 2016. 4 Canadian Mining Eye Q4 2016 Nolan Watson of Sandstorm Gold speaks to EY BC Transactions Leader, Michelle Grant, about the capital markets in the mining sector. Following are the highlights of their.

    Canadian Mining Eye Q4 2016 - Ernst & Young

    dundee capital markets 2017 mining sector filetype pdf

    ASIA BANKING AGENDA 2017 oliverwyman.com. Capital requirements 2017 US$63 million from equity and strategic partner 2018 US$61 million from strategic partner and debt 2019 US$73 million from cashflow . 9 . For personal use only. Development and Funding timeline . US$10 million in cash as at 30 October 2016 and seeking to raise US$25 million to acquire land and accelerate build of crushing circuit . DEVELOPMENT TIMELINE The contracts o Almost 30 years’ of equity capital markets experience , focused entirely on mining sector, with Warburgs, Deutsche Bank, Canaccord, Rencap & Dundee Securities, where he was Head of ….

    dundee capital markets 2017 mining sector filetype pdf


    mining industry October 2015 The information contained in this publication is provided for general information purposes only, and does not constitute the provision of legal or Watch video · Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, regulates the exchange and envisions a day when foreign companies can list. "The Saudi capital market …

    The strong market returns in 2017 indicated widespread complacency among investors, despite potential risks being well known. This under-appreciation of risk was also reflected in measures of market volatility such as the VIX Index, which remained at unusually low levels. Drägerwerk AG & Co. KGaA Capital Markets Presentation November, 2016. Interim financial reports as well as preliminaries are not audited. Disclaimer This presentation contains forward-looking statements regarding the future development of the Dräger Group. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Executive Board as well as the

    Figure 2: Project finance portfolio by sector as a % of total portfolio value, expressed as Exposure at Default (as at 30 September 2017) 4. Coal-fired power represents 1% and gas-fired power 5%. the private sector in emerging markets • Provides loans, equity, quasi-equity, local currency products, risk management, capital markets access, and mobilization • Promotes social, environmental, and corporate governance standards • AAA-rated by S&P and Moody’s IFC Has Global Reach IFC Value-Add in Mining • More than 50 years of sector experience providing integrated solutions in fi

    The dramatic leadership change in Washington will help shape U.S. equity market returns and sector leadership in early 2017 and possibly at other points throughout the year. Although President-elect Trump’s agenda could supersize GDP growth, at least in the first couple years, it isn’t the only factor that will impact stock prices. Bread-and-butter fundamentals should play pivotal roles as Watch video · Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, regulates the exchange and envisions a day when foreign companies can list. "The Saudi capital market …

    DUNDEE CORPORATION • 2017 OVERVIEW AND LEADERSHIP VIEWS PAGE 1 As we reflect on the year that was in 2017, it can best be mining industry and is recognized as an international leader in natural resource investments. Building on that legacy, we want to return to our roots with a streamlined capital markets offering. To support our re-entry into capital markets, we have hired a team of Watch video · Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, regulates the exchange and envisions a day when foreign companies can list. "The Saudi capital market …

    European Policy Brief Strategic Dialogue on Sustainable Raw Materials for Europe (STRADE) No. 07 / 2017 Platforms for strategic dialogue on mining and minerals: a possible way Mining Associates in 2003, Alligator Energy in 2010 and K92 Mining in 2015. He is the Chairman of He is the Chairman of the Brisbane Mining Club and lectures at the University of Queensland.

    mining industry October 2015 The information contained in this publication is provided for general information purposes only, and does not constitute the provision of legal or 13 2 Economic overview In brief The global economic growth outlook has weakened in recent months, led by a sharp slowdown in developing countries.

    2 Allen & Overy in the Middle East 2017 Allen & Overy LLP 201. Contents Covering your needs 4 Allen & Overy in the Middle East 6 Our regional presence 8 Independent market recognition 10 Awards 11 Sector expertise 13 Banking 14 Project finance 16 Corporate and M&A 18 Telecommunications, Media and Technology 22 Equity capital markets 24 Debt capital markets 26 Islamic finance 28 Award … The outlook for mining sector remains uncertain, and capex investment by miners remains low. The resulting decline in capex by miners does not bode well for equipment manufacturers. However, the capex decline is forecast to bottom out at US$65b in 2017,1 and the mining equipment market is consequently expected to stabilize. Demand: original equipment demand declines to 2009 crisis level

    The capital markets ecosystem turned in a decent performance in 2016 compared with the previous five years. Although investment banking revenues continued to decline, they did so at a lower rate, while other types of players—such as exchanges and venues, information providers, and buy-side Industry Top Trends 2017 . Capital Goods . Overview – Ratings Outlook: We maintain a negative bias in the global capital goods sector, where about 23% of ratings have a negative outlook. 2016 was marked by the most rating downgrades since the financial crisis, as the capital goods sector faced weak end markets related to commodities. Ratings will remain under pressure, particularly for

    Company Investment Counsel and Dundee Capital Markets he worked as an analyst valuating private equity companies. Most Most recently Mr. Waraich worked as an investment banker focusing on deal origination, going-public transactions and financings for McEwen Mining Inc. Page 2 Return of Capital Our third semi-annual return of capital of ВЅ cent per share will be paid on February 14th, 2017 to

    market risk. In such an environment, market corrections offer opportunities. back collective trust in private sector entrepreneurship at the heart of their economies and societies. At the same time, in many developed economies, the adversities resulting from the financial and European debt crisis, exacerbated more recently by the challenges of mass migration from countries at war, are 10 “Metals & Mining,” Dundee Capital Markets, 14 October 2016; “Divergent Paths - Commodity Outlook Update and Q3/16 Base Metals Preview,” Canaccord Genuity, 24 October 2016. 4 Canadian Mining Eye Q4 2016 Nolan Watson of Sandstorm Gold speaks to EY BC Transactions Leader, Michelle Grant, about the capital markets in the mining sector. Following are the highlights of their