Mining M&A and financing activity continue to accelerate, according to Elian Terner, Managing Director and Head of Global Mining and Metals Investment Banking at National Bank Capital Markets. Speaking with Kitco Mining at the NBF CEO Mining Conference in London, Terner said, “This year was a record year for us” as developer financing reopened, generalist investors returned to the sector, and large-cap consolidation gained momentum. He said higher commodity prices, stronger institutional engagement and improved liquidity have all contributed to a more active environment across gold, silver and copper.