Canada - a mining nation
In 2019, Canada produced a total of minerals worth a good 48 billion CAD. The often-forgotten provinces of Newfoundland and Labrador also have a great mining history. In eastern Canada runs the prolific Abitibi Greenstone Belt. This stretches across the border between Ontario and Quebec. Mining beginnings date back to the 1770s. Due to the current high gold price, more and more historic mines are coming into focus.
In the Abitibi greenstone belt in Quebec, for example, Maple Gold Mines is represented. Together with its partner Agnico Eagle, it is involved in the Douay and Joutel gold projects. An established gold resource is present as well as a past producing mine.
In Ontario, Trillium Gold Mines - https://www.youtube.com/watch?v=gbzgPXuBh3w - owns various properties in the Red Lake Mining District, such as the Newman Todd project, which can already score with nice drill results. Further projects are located in Quebec and Ontario.
For example, about 60 different minerals are mined in Canada and shipped to over 100 countries. This makes Canada one of the largest exporters on earth. If you look at the value of the extracted raw materials, gold mining is of great importance. Mining is an important economic factor for Canada. New mines generate many jobs and contribute to the economy as soon as they start producing. The mining industry is also subject to constant modernisation, promising technologies such as artificial intelligence are used, and attention is paid to environmental risks.
Canada will remain a major mining country in the years to come, because there are large resources in Canada.
Current corporate information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
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