JOHANNESBURG (miningweekly.com) – TSX-listed Ivanhoe Mines has been added to the Standard and Poor’s (S&P’s)/TSX Composite Index, effective September 16.
The S&P’s/TSX Composite Index, which includes the largest companies on the TSX, as measured by market capitalisation and liquidity, is considered to be the leading indicator of broad market activity in Canadian equity markets, said Ivanhoe executive chairperson Robert Friedland in a statement on Monday.
“Ivanhoe’s addition to the S&P’s/TSX Composite Index represents a significant milestone for our company and reflects the tremendous efforts and successes of our entire team,” he said, noting that the company’s inclusion in the index would increase exposure to a broader range of potential investors and should provide enhanced trading liquidity.