PUBLICATION

Global Business Reports

AUTHORS

Lucrezia Falcidia, Jason Spizer

Newfoundland and Labrador Mining 2021

November 11, 2021

Newfoundland and Labrador offers one of the most extensive mining histories in Canada, with small-scale mining being undertaken as early as the 1770s, and expanding into a major industry by the 1860s, when Tilt Cove was one of the world’s largest copper producers. In many ways, mining has shaped the economic, social and cultural history of Newfoundland and Labrador. 

Today the province offers world-class geology, significant infrastructure and exceptional access to a skilled workforce. During 2020, the province saw the highest amount of claim staking since 2008, with 47,200 claims staked. There were nearly 80,000 claims staked as of July 14th 2021, and the government has received nearly 500 exploration plans. 

This combination of early stage exploration and later stage development, brownfield and greenfield projects continues to excite many in the mining world, and undoubtedly Newfoundland will be an exceedingly important region for mining investors to understand and gain exposure to.

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