The combined corporate market capitalisation of the Toronto Stock Exchange and TSX Venture Exchange has hit C$4.8 trillion ($5.4 trillion), an all-time record.
The C$4.8 trillion is the total of each company’s market capitalisation listed on the TSX and TSX-V.
A TMX Group Q2 2025 Mining Highlights Report shows that as of 30 June 2025, there were 578 mining financings on both bourses.
The equity capital raised on both exchanges totalled C$4.8 billion – 41% of the total for all sectors.
TMX reports the average financing size for TSX mining issuers is C$31 million and C$4.5 million for the TSX-V.
A recent TSX-V listing is Axo Copper (TSX-V:AXO), a Canadian mineral exploration company engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico.
Axo Copper became the first company to list under TSXV Passport, an innovative listing process that identifies its most advanced new listing applicants and materially accelerates their listing and capital-raising timeline.
TSXV Passport Listing Process is a response to the evolving dynamics of the market, aimed at creating faster pathways for entrepreneurs to go public, raise capital, and achieve liquidity while upholding TSXV listing standards.
Axo listed on 4 June with C$49 million in market capital.
Initial exploration has yielded ‘high-grade’ copper both at surface through sampling programs, and at depth through initial drilling.
In May, Highlander Silver (TSX:HSLV) listed on the TSX with C$266 million in market capital.
Highlander Silver is primarily focused on advancing the San Luis gold-silver project located adjacent to the past-producing Pierina mine in Central Peru. San Luis ranks among the 10 highest grade projects globally in both gold and silver categories.
Write to Adam Orlando at Mining.com.au
Images: Unsplash
