Canada Had 920 Tonnes (t) of Gold Reserves as of February 2014

Date: 2015-09-21

“• According to the United States Geological Survey (USGS), Canada had 920 tonnes (t) of gold reserves, 7,000t of silver reserves and 310 million tonnes (Mt) of platinum group metal reserves as of February 2014.

• There are various upcoming projects such as the Snowfield and Harmony projects and the Bronson Slope Property in British province, the McIlvenna Bay and Amisk projects in Saskatchewan, the WO Diamond and Gahcho Kue Projects in Northwest Territories and the Marathon and Dumont projects in Ontario and Quebec respectively. 

• The Ring of Fire (RoF) has US$60.0 billion worth of minerals and is rich in chromite. Other minerals found in significant quantities are copper, nickel, gold, zinc, titanium, vanadium and platinum.

• Capital investment is often restricted during critical market conditions, and gains momentum as the market recovers. Although Canadian capital investment in the mining industry recovered in subsequent years following the financial crisis, capital investment fell by 12.5% in 2013 to US$13.5 billion, as a result of reduced exploration activity for precious and base metals.”

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