TSX Mining Stocks Also Listed on the ASX

Interested in TSX mining stocks also listed on the ASX? We’ve rounded up a list of the top dual-listed mining companies.

As the mining industry continues to flourish, investors may be interested in some of the top TSX mining stocks also listed on the ASX.

Listing on both the TSX and ASX has been gaining in popularity as of late thanks to companies that wish to reach more investors while having trading variation on two separate markets.

Read on for a breakdown of why companies dual list and the top TSX mining stocks that are also available on the ASX.

TSX mining stocks also listed on the ASX: Why companies dual list

As previously mentioned, Australian companies tend to dual list on both the ASX and the TSX in order to cast a wider net and increase the number of investors they can reach. By gaining exposure to more than just one market, Australian miners stand a greater chance of obtaining financing and raising the capital needed to fund the exploration of their assets on a grander scale.

According to BDO Australia, often times it is the belief of Australian mining companies that investors who play on the TSX tend to have a greater grasp on how resource companies operate and the best ways to invest in them. This school of thought may stem from the fact that between the Australian market and the Toronto market, the TSX is more focused on companies in the resource space.

There is, of course, a second worthwhile reason that leads Australian companies to seek out the TSX — this springs from the knowledge that these companies will be operating on not one, but two markets, each with its one unique way of trading and operating.

“Spreading an organisation’s fundraising activities across two economically distinct markets may reduce an organisation’s exposure to macroeconomic factors, factors that may affect ongoing capital raising ability. This allows dual listed entities to turn to different markets at different times depending on the prevailing economic conditions of either market,” says BDO Australia.

Another intriguing component of listing on more than one exchange is that miners can take advantage of the price difference that exists between two markets. When investors know that they can purchase a stock or security on one market and sell it on another — a strategy known as arbitrage — there is a higher possibility that a dual-listed company that can provide this way of trading could be seen as more appealing option than one that cannot.

Lastly, dual listed companies often times benefit from increased liquidity. Since trading on two specific markets will generally attract a greater number of investors, Australian miner’s are of the mind that the demand in their stock will increase and in turn so will the liquidity of those stocks. According to Investopedia, “Along with the increased liquidity and choice, the bid-ask spread on the stock tends to decrease, which makes it easier for investors to buy and sell the security in the market at any time.”

TSX mining stocks also listed on the ASX: Top 5 dual-listed mining stocks

Below we’ve outlined the five TSX and ASX-listed mining stocks with market caps over AU$10 million. Data for this article was gathered using TradingView’s stock screener on February 10, 2020.

1. Alacer Gold (ASX:AQG,TSX:ASR)

Current market cap: AU$2.05 billion

Alacer Gold has an 80 percent stake in the Çöpler gold mine in Turkey, which has a mine life of 20 years. The company’s aim is to produce from multiple mines in the country.

Currently, the Çöpler mine processes ore through two producing plants and recently completed a sulphide plant. The asset will produce over 3.5 million ounces at first quartile all-in sustaining costs, generating free cash flow for approximately the next two decades.

2. OceanaGold (ASX:OGC,TSX:OGC)

Current Market Cap: AU$1.79 billion

Headquartered in Melbourne, Australia, OceanaGold is focused on production and exploration of gold, silver and copper.

The global mining company’s operating assets include the Didipio mine on Luzon Island in the Philippines, the Macraes operations on the South Island of New Zealand, the Waihi gold mine on the North Island of New Zealand and the Haile gold mine in South Carolina, United States.

3. Perseus Mining (ASX:PRU,TSX:PRU)

Current Market Cap: AU$1.31 billion

Perseus Mining began as an exploration company in 2004 and quickly acquired the historic Edikan heap leach mine in Ghana just two years later. Following significant exploration success at Edikan, the company rapidly evolved from an explorer to a developer and finally a gold producer in 2011.

In its quest to have mines in multiple jurisdictions, Perseus developed its second gold mine, the Sissingué gold mine in Côte d’Ivoire, based on an exploration discovery made early in the company’s history.

The precious metals miner continued expanding its presence within the mining space when it achieved commercial production at Sissingué in 2018, followed by the development of its third asset, the Yaouré gold mine, also located in the Côte d’Ivoire, in 2019. Perseus has stated that the first gold is expected to be produced from Yaouré in December 2020.

4. Champion Iron (ASX:CIA,TSX:CIA)

Current Market Cap: AU$1.12 billion

Champion Iron is an iron ore exploration and development company with several projects in the southern Labrador Trough, which is the largest iron ore producing region in Canada.

Through the company’s subsidiary Champion Iron Mines, the miner is currently developing eight iron rich projects, with each project strategically located close to the electrical grid, all-season roads and railway lines.

In addition to its six assets within Labrador, the company also operates two mines located in Quebec, one of which is its flagship mine, Bloom Lake.

Bloom Lake’s mineral reserves are estimated at 411.7 million tonnes, with an average content of 30 percent iron. Additionally, the iron ore project boasts an average annual concentrate production of 7.4 million tonnes and has a 21 year anticipated mine life span.

5. Orocobre (ASX:ORE,TSX:ORL)

Current Market Cap: AU$900.97 million

Orocobre is building a substantial Argentina-based industrial chemicals and minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of Northern Argentina.

The TSX- and ASX-listed company operates the Olaroz lithium facility, which is a joint venture project between the company and Toyota Tsusho (OTC Pink:TYHOF,TSE:8015). Orocobre also has a 34.7 percent interest in exploration company Advantage Lithium (TSXV:AAL,OTCQX:AVLIF).

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.

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On 2 March 2021 the Australian Taxation Office issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018. The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m and reducing the original interest assessment from A$47m to A$27m …

On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018.

The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m (US$257.9m) and reducing the original interest assessment from A$47m to A$27m (US$19.8m).

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Ioneer Ltd (“ioneer" or the “Company") (ASX: INR) is pleased to announce that the Company has reached an agreement to establish a joint venture (the " Joint Venture “) with Sibanye Stillwater Limited ( “Sibanye-Stillwater" ) to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the “Project" ). Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin 1 upon the election of Sibanye-Stillwater to contribute up to an additional US$50 million subject to certain terms and conditions.

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Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has received the commendation of Premier Mark McGowan and the Western Australian Government for the Company’s development of the Yangibana Rare Earths Project (Yangibana), in the State’s Gascoyne region.

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Gold isn't all that glitters in the land down under — silver in Australia is a major industry, and the country is home to both large and small players.

When it comes to precious metals, Australia has long punched above its weight — the nation was born riding the wave of a gold rush.

Gold isn't all that glitters through — Australia is also a major global producer of silver. It's among the 10 top producers, and was ranked seventh in 2020, with 1,300 tonnes coming from the many operational mines in the country. By comparison, the world's top producer, Mexico, produced 6,300 tonnes that same year.

Other key players in the silver market are Peru, China and Russia, which produce more silver than Australia, and the US, Argentina and Bolivia, which produce less.


Australia is sitting on quite a lot of the precious metal, with the world's second largest reserves, behind only Peru.

According to Geoscience Australia, one of the country's first mines was a silver-lead mine near Adelaide. Since then, the entire continent has been combed over with a fine-toothed comb, with deposits identified in every state and territory and active mines in every jurisdiction but one (Victoria).

Overall, Australia is well explored when it comes to silver, and since the mid-1800s it's had a constant stream of silver production. Aside from that, the country boasts metals-processing facilities in South Australia that separate the precious metal from its commonly mined counterpart metals, lead and zinc.

Silver companies in Australia

Those looking at the Australian silver market have options. There are plenty of big players with interests in Australian silver, and many smaller players for investors to consider researching too.

Most silver comes from mines dedicated to other metals — Glencore's (LSE:GLEN,OTC Pink:GLCNF) Mount Isa in Queensland produces mainly copper, zinc and lead, but silver is separated by the company's integrated processing streams. Glencore also operates the McArthur mine in the Northern Territory, which is primarily zinc, but between its copper and zinc assets, Glencore produced 7,404,000 ounces of silver in Australia in 2020 — over 200 tonnes.

Elsewhere, BHP (ASX:BHP,NYSE:BHP,LSE:BLT) produces a lot of silver as well at the Olympic Dam operation in South Australia. Perhaps best known for the production of uranium and copper, it also yields significant silver resources to the tune of 984,000 ounces in 2020 (or almost 28 tonnes).

According to Geoscience Australia data from 2016, over 20 mines in Australia produced silver in that year, while there are dozens of other resources identified in each state.

A primary producer of silver is the Cannington mine in Queensland, where South32 (ASX:S32,OTC Pink:SHTLF), a company that was spun off from BHP in 2015, mines silver and lead. Cannington is a big one, producing 11,792,000 ounces in 2020, or 334 tonnes of silver.

Tasmania boasts the Rosebery mine, which has seen 85 years of continuous operations and is currently owned by MMG (ASX:MMG,HKEX:1208). Rosebery, like all the others here, is polymetallic, and besides silver also produces copper, zinc, lead and gold. MMG also has the Dugald River mine in Queensland which also produced silver.

Getting into smaller companies, there are those like New Century Resources (ASX:NCZ) which restarted the Century mine in the Northern Territory for zinc and silver.

The future of silver in Australia

So, you get the picture — there's a lot of silver to be mined in Australia by way of mining everything else.

It's worth noting that because silver operates both as a precious and an industrial metal, and is mined most often alongside base metals, it can be pulled in many directions. However, it traditionally follows (and lags behind) its precious metal sibling, gold, making it a valuable investment commodity to keep an eye on.

Looking forward, the future of the commodity in the land down under — especially given Australia's significant reserves and operator diversity — is as bright as you'd like it, and depends on what investors are most interested in, given the by-product nature of the metal.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Australia took a stand against Facebook and Google earlier this year, and the move could have long-term implications for tech investors.

It was a ban that sent Australians wild and had the whole world watching.

Back in February, Facebook (NASDAQ:FB) stopped users in Australia from posting news in a week-long blackout, reacting to proposed legislation that would have forced the social media behemoth to pay publishers for content.

What prompted Facebook to "friend" Australia again, and what are the potential long-term implications of the squabble? Read on to learn what tech-focused investors in Australia should know about the situation.


Australia squares off against Facebook

On February 25 of this year, Australia's federal government passed the News Media and Digital Platforms Mandatory Bargaining Code. It was developed after extensive analysis by the Australian Competition and Consumer Commission, and is aimed at ensuring that news media businesses are fairly remunerated for their content.

It stipulates that digital platforms such as Facebook and Google (both named in the documentation) must pay news outlets whose content they feature — for example, if content is shared on Facebook or shows up in Google search results. The idea is that this will help to sustain journalism in Australia.

Unsurprisingly, Facebook and Google didn't react well to the code, which was first introduced in 2020.

Google didn't make any moves after it passed, but Facebook quickly made it impossible for Australian users to share news content, and pages for both local and international news organisations went blank — a major concern given the COVID-19 and wildfire concerns that were circulating at the time.

Australian Prime Minister Scott Morrison was scathing about Facebook's decision — which he ironically shared in a Facebook post — declaring the tech giant's actions "as arrogant as they were disappointing." He added, "These actions will only confirm the concerns that an increasing number of countries are expressing about the behaviour of BigTech companies who think they are bigger than governments and that the rules should not apply to them."

Despite strong feelings from both Australia and Facebook, the dispute was resolved fairly quickly, with the country agreeing to make four amendments to the legislation and Facebook restoring Australian's access to news.

Implications for Big Tech and news organisations

Both Australia and Facebook have claimed victory in the dispute, with a Facebook representative saying the company will be able to decide if news appears on the platform — meaning it won't automatically have to negotiate with any news businesses. Changes were also made to the arbitration process.

Tech experts have pointed out that larger news companies may ultimately benefit from the changes, but smaller ones could be pushed to the side. Major publishers that have struck agreements with tech giants, such as News Corp, Nine Entertainment (ASX:NEC,OTC Pink:NNMTF), Seven West Media (ASX:SWM) and Guardian Australia, may be able to increase their market share while smaller independent players lose out.

A business that is in full support of the laws is Microsoft (NASDAQ:MSFT). During the conflict, President Brad Smith came out loudly in favour of Australia's law, and advised that his company is willing to step up with search engine Bing should Google and/or Facebook pull out of the Australian market.

"In Australia, Prime Minister Scott Morrison has pushed forward with legislation two years in the making to redress the competitive imbalance between the tech sector and an independent press. The ideas are straightforward. Dominant tech properties like Facebook and Google will need to invest in transparency, including by explaining how they display news content," he said in a blog post.

"The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead."

Global reach and tech investor impact

Six months down the road from Australia's landmark legislation, it's tough to say what the long-term impact may be.

That said, market watchers do believe the country is part of a new precedent of forcing Big Tech into paying for journalism — something giants Facebook and Google are not used to.

Countries looking to pursue similar legislation include Canada, where Facebook agreed in May to pay 14 publishers to link to their articles on its COVID-19 and climate science pages, as well as other unspecified use cases. Canada is pursuing other avenues too. Meanwhile, in France, Google said it will pay publishers for news content after the country took up new EU copyright laws that make digital platforms liable for infringements.

For investors, the takeaway is perhaps that while companies like Facebook and Google may seem too big too fail, they too can fall subject to new regulations that can change how they do business. As nations around the world look to take back control from these mega companies, it's important to be aware of possible effects on their bottom lines.

Don't forget to follow @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.

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