FINANCE

STOCK EXCHANGES OTHER than New York ’ s present alternative opportunities for people seeking to invest . The World Federation of Exchanges ranks the TSX as the eighth largest in the world based on its total market capitalisation of $ 2.2 trillion in 2014 .

The number of companies on the TSX has varied over the years . There were more than 1,500 in 2014 . In 2016 , the two exchanges owned by the TMX Group , the TSX and the TSX Venture Exchange , listed 1,294 companies .

Out of these companies on the two exchanges , 241 are mining companies . According to a TMX report on mining , 53 percent of the financing of the world ’ s mining companies was done on the two exchanges in 2015 .

Standard & Poor ’ s keeps track of 60 large companies listed on the Toronto Stock Exchange via its S & P / TSX 60 Index . There are 12 mining companies on this index . In rough order of annual revenues , they are :

BARRICK GOLD CORPORATION

The Toronto-based company made just over $ 9 billion in revenues in 2015 , according to its annual report . It ’ s the largest gold mining company in the world , with operations on five continents . The annual report lists four mining sites based in the United States : the Goldstrike mine , the Cortez mine and the Turquoise Ridge JV mine , all in Nevada ; and the Golden Sunlight mine in Montana . Barrick also has mines in Canada , the Dominican Republic , Peru , Chile , Argentina , Tanzania , Zambia , Saudi Arabia , and Papua New Guinea . Barrick ’ s leaders include Executive Chairman John L . Thornton and President Kelvin Dushnisky .

16 May 2016