Price Waterhouse Coopers annual report entitled Preparing for Growth makes the case that mining companies have been consolidating their balance sheet and riding out a tough 5 year cycle but well positioned for exceptional opportunity. Companies focused on debt reduction and smaller investment banking deals. 2017 was a solid year in all and has left this sector poised for growth.
“2017 was a stable year for mining companies and one where they were positioning themselves for growth,” says Liam Fitzgerald, national mining leader, PwC Canada. “As prices for commodities stabilized over the past year, the industry focused on getting its financial house in order – focusing on their balance sheets and debt reduction, poised for future growth.”