Canada has a prolific mining history.
The country is famous for its vast reserves of gold, copper, coal, iron ore and uranium. We are the third largest gold producer, and many of the world’s junior resource companies are listed on the TSX or the TSX Venture Exchange; most juniors are based in Vancouver.
World-famous area plays include the Abitibi Gold Belt in Ontario/Quebec, volcanogenic massive sulfide (VMS) copper-gold deposits around Snow Lake, Manitoba, Saskatchewan’s Athabasca Basin, and the Golden Triangle in BC.
The Abitibi Greenstone Belt, which stretches from Ontario to Quebec, has produced over 180 million ounces of gold, unparalleled anywhere on the planet except in the gold fields of South Africa.
The Abitibi spawned four of the greatest gold camps in Canada: Timmins, Kirkland Lake, Red Lake and Hemlo.
The Eskay Creek mine in northwestern BC was Canada’s highest grade gold mine and the world’s fifth largest silver producer, with production well over 3 million ounces of gold and 160 million ounces of silver.
While Canada is still known as a mining powerhouse (three provinces were in the top 10 jurisdictions for mining investment in the latest Fraser Institute rankings, the passage of recent legislation is concerning.