Mining in British Columbia ideally positioned
The challenges of the Covid-19 pandemic should be well managed here. According to the BC Mine Report, the results for the mining industry are mixed. British Columbia is a major exporter of metallurgical coal and a major copper producer. Coal and copper prices have been hit hard by the virus crisis. British Columbia is also very important in gold mining. Gold, as a refuge for investors, has seen its price rise.
Those who have their gold projects here are on the best of ground. In the years following the global financial crisis of 2008/2009, the industry was prudent here in terms of spending and expansion plans. There are also high environmental standards, close relationships with the communities and a strong commitment to health and safety. All of this benefits societies in a crisis such as the current one.
British Columbia was also initially still active during the pandemic wave, compared to many other mining areas in Canada and around the world. And long before the buzzword ESG emerged, this was already a reality in British Columbia. ESG stands for three sustainability-related areas of corporate responsibility (environment, occupational health and safety, and sustainable business management).
A gold company in British Columbia is Skeena Resources: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-skeena-resources-and-cardinal-resources/. Two formerly producing gold and silver mines, Snip and Eskay Creek are being developed here by Skeena Resources.
GoldMining also has in its large portfolio of projects a prospective gold project in British Columbia, the Homestake Ridge Project, a 7,500-hectare property: https://www.commodity-tv.com/play/newsflash-with-vizsla-resources-oceana-gold-goldmining-endeavour-silver/. A preliminary economic evaluation and a current resource estimate is available for this property.
Latest company information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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