2024 was marked a ‘super year’ for elections by the UN, with 72 countries and almost half the world’s population heading to the polls, impacting the global mining sector with each vote cast. This election uncertainty was accompanied by familiar issues for Ontario’s miners, with labor shortages, challenging equity markets, and cost inflation dominating the discourse of industry professionals across the value chain.

In the face of such difficulties, Ontario’s prospectors and miners have thrived, harnessing their decades of experience to service the growing demand for all minerals amid new protectionist policies, including changes to the Investment Canada Act and threats of tariffs from the US. Aided by government policies such as the Building More Mines Act and the Ontario Ministry of Mines’ One Project, One Process initiative, the future of Ontario as a premier mining jurisdiction seems bright, with the new Côté Gold and Greenstone Gold mines bringing additional production to the province amid record-high gold prices. As critical minerals have generally not enjoyed the same hikes in price as gold, Ontario’s developers have been signing multi-million dollar partnerships and JVs with OEMs to advance projects, with the aim of creating a world-class integrated supply chain for EVs and batteries.

GBR’s Ontario Mining and Toronto’s Global Reach 2025 report draws from over 130 interviews with leading C-level executives from producers, juniors, contractors, financial institutions and service providers to provide an updated overview of the complex mining ecosystem and offer a glimpse into the future of one of Canada’s most essential sectors.