Lands & Regulations

Unlocking northern resource potential: Fiscal policy and the costs of remote exploration and mining

Mining is the North’s economic advantage, with eight geological provinces and very diverse mineralogy. Although it is under-mapped and under-explored, it is currently the primary private-sector driver for the territorial economies, accounting directly for between 18 to 25% of their gross domestic product (GDP). Over the last 80 years, mining has generated over $60 billion in economic value, with taxes and royalties to governments hitting a high of $600 million in 2008 alone. Yet mines don’t last forever. 

Read the full article in PDAC's Core magazine, or click the image below.

Read the full article in the winter edition of Core