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Despite record-high gold prices, mining exploration in Canada's North declines

Summary by CBC News
Preliminary federal data shows exploration spending decreasing across all three territories and B.C.

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CBC NewsCBC News

Despite record-high gold prices, mining exploration in Canada's North declines

Preliminary federal data shows exploration spending decreasing across all three territories and B.C.

·Canada
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Republic of MiningRepublic of Mining

Despite record-high gold prices, mining exploration in Canada’s North declines – by Caitrin Pilkington (CBC News North – March 03, 2025)

https://www.cbc.ca/news/canada/north/ High gold prices aren’t resulting in higher spending, report finds For years, gold has been the focus of Canadian mining exploration spending: the financing that backs efforts to find, assess, and potentially develop mineral deposits into mines. These efforts have established Canada as a top gold producer worldwide. And over the course of 2024, ...

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the deep divethe deep dive

BC Mining Exploration Spend Drops 14% As Projects Shift To Development

British Columbia mineral exploration spending fell 14% to $552 million in 2024 as major projects matured toward development, survey data showed, though employment in the sector rose 10% from the previous year. The top 10 exploration projects accounted for $259 million in spending, down from $343 million in 2023, according to the British Columbia Mineral and Coal Exploration Survey, conducted jointly by the provincial government, the Association …

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CBC News broke the news in Canada on Monday, March 3, 2025.
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