Top 20 mining companies by capital raised

The extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars, and in many cases, billions, to take a project from exploration to production.

Using data provided by Miningintelligence, we have ranked the mining companies that have raised the most capital year-to-date.

Leading the pack is Australia’s Newcrest Mining, raising nearly $782.5 million so far in 2020. The firm recently gave the go-ahead on an expansion of its flagship Cadia mine, which would consume a large portion of that funding.

The second and third places are also occupied by Australian companies: fertilizer and mining services firm Incitec Pivot ($389 million) and rare earths producer Lynas Corp. ($309 million).

Unsurprisingly, with the gold price riding high, gold mining companies and explorers have been successful in attracting capital and also feature prominently on the list.

— This article first appeared in MINING.com, part of Glacier Resource Innovation Group.