TSX welcomes Newcrest

NEWCREST Mining chief executive officer Greg Robinson opened the Toronto Stock Exchange yesterday, marking the gold producer’s first day of trading in North America.
TSX welcomes Newcrest TSX welcomes Newcrest TSX welcomes Newcrest TSX welcomes Newcrest TSX welcomes Newcrest

Robinson was joined by TMX Group CEO Tom Kloet to celebrate the gold miner's secondary listing on Thursday morning Toronto time.

"The TSX is one of the most active markets in the world for resource companies and particularly for gold producers," Robinson said.

"A secondary listing offers Newcrest greater exposure to the global investment community and an opportunity to attract a new group of investors."

Newcrest will be the the 17th largest company by market capitalisation on the TSX and the 4th largest mining company.

The Australian miner joins other gold giants such as Barrick Gold and Newmont Mining which also have a TSX listing.

Newcrest head of investor relations Steve Warner will relocate to North America, leaving Kim Kerr in Melbourne to handle investor relations in Australia and the Asia-Pacific.

There was no equity raising in conjunction with the listing and Newcrest was advised by Macquarie Capital Markets Canada and Torys.

Newcrest shares in Australia were trading A8c higher to $32.63.

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