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Ontario has the most active mining projects in Canada at 1,195 ranging from prospect all the way to permitting.
Quebec is second and British Columbia is third. Saskatchewan, which the Fraser Institute ranked as the world’s friendliest mining jurisdiction, was fourth. However, British Columbia has the most projects at the preliminary economic assessment stage and beyond.
Data, which was compiled this month, is based on Mining Intelligence’s tracking of several thousand projects worldwide.
Glen Jones, managing director of Mining Intelligence, says Canada is benefiting from a recovering exploration market.
“Last year Canada was the world’s top exploration country by money spent. Even more money was raised on the TSX Venture Exchange this year which should result in more and more projects coming online,” said Jones.
According to PWC Canada exploration dollars poured into Canada at a faster rate than anywhere else in the world last year. The country attracted 14% of the total global exploration budget. Australia was a close second with 13%, followed by the United States at 7%.
PWC noted in a separate survey that the top 100 TSX Venture Exchange mining companies raised CA$2.04 billion in 2017, up from 174% a year ago.
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Creative Commons image of Sudbury’s Big Nickel by Bruce Guenter.