Street Talk

Four banks hired for Capricorn Metals’ $200m raise

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 30, 2024 – 12.27pm

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Gold miner Capricorn Metals, capitalised at $2.4 billion on the ASX, may be four times the size it was when it last tapped equity capital markets in 2020, but it is staying loyal to mid-tier stockbrokers over bulge bracket investment banks.

Capricorn Metals has been on a tear since Mark Clark jumped onto its board as executive chairman. AFR

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com