Global Business Reports


Ben Cherrington, Margarita Todorova, Jason Spizer

Mining in Ontario and Toronto's Global Reach 2021 - Digital Version

March 02, 2021

At PDAC 2020, when the previous edition of this report was launched, the mood was buoyant as rising precious metals prices had triggered a wave of M&A activity. However, the Covid-19 wrecking ball and ensuing lockdown sent the sector into disarray, as the unprecedented pandemic reduced operations to a bare minimum, taking months to return to full capacity. 

Despite the unique challenges faced in 2020, the second half of the year breathed new life into the mining sector, illustrated by new listings on the TSXV increasing by 71% in 2020, with the amount of capital raised increasing by 89%. While a correction in the precious metals market at the start of 2021 has taken the shine out of the PM space to some extent, producers are awash with free cash flow, the junior sector has reignited, and macro conditions are aligned for mining to flourish in the years ahead.

Drawing from over 70 interviews with the leading industry executives, Global Business Reports presents its annual guide to the different companies involved across the full value chain of Ontario mining, including the financial institutions on Bay Street, mining producers and juniors headquartered in Toronto with operations across the globe, and an innovation-led service sector.


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