Canada’s top 100 mining companies back with a vengeance- A spotlight on 2009’s top Canadian transa.pdfVIP

Canada’s mining and metals industry is on the rise A spotlight on 2009’s top Canadian transactions About the study In this report, we look at the top 100 mining companies1 listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSX V) in 2009. We compare the size and scale of the companies, their commodities, financial health, relevant transactions and future prospects. This is part of Ernst Young’s annual “miners” series: TSX miners, AIM miners and ASX miners. Please refer to /mining for copies of these reports. This report also supplements our recently released global publication, 2009: the year of survival and revival: mergers, acquisitions and capital raising in the mining and metals sector , which examines the key challenges, issues and trends surrounding deal-making in the mining and metals sector in 2009. The report includes analysis of mergers and acquisitions, equity capital, bonds, loans and project finance. Unless otherwise indicated, all currency figures are in Canadian dollars. 1 The top 100 companies are defined as the top 100 companies listed on either the TSX or the TSX V, based on market capitalization as of 31 December 2009. A new landscape The year 2009 was extraordinary for mining and metals companies, with changes that will resonate through the industry for years to come. Two key factors dominated the industry in 2009. First, the credit In the latter part of 2008, product crisis choked off access to debt and capital for many mining and metals prices collapsed when it became clear companies, radically changing investment patterns and reducing the world was facing certain economic total transaction value across the world. Second, as Western mining recession and credit was switched off. and meta