Canada’s flow through shares surge despite capital gains

There were 2.9 billion FTS issued last year, generating over C$1 billion for the mining sector and accounting for 10% of mining equity financings, says TMX, owner of the TSX and TSXV. It’s become a critical tool for the exploration funding system, according to Kendra Johnston, managing director of PearTree Securities, a boutique financing firm focused on the junior Canadian resource sector.