Global Business Reports (GBR) is delighted to present the latest edition of its annual guide to the mining landscape in Canada’s largest mineral producing province. This first digital interactive edition of the report pays attention to Toronto's influence across the full value chain, from its financial institutions on Bay Street, mining producers and juniors headquartered in the city with operations across the globe, to its innovation-led service sector. 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, spurred on by gold reaching an all-time-high of US$2,076 in August, followed by silver and base metals. The long-suffering junior exploration community rebounded with vigor, 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 coincided with the rise of cryptocurrencies and the hysteria of the Robinhood generation of investors, macro conditions are aligned for mining to flourish in the years ahead. The pandemic has also accelerated the adoption of new technology at mine sites, and Ontario’s mature service sector is well placed to take advantage by offering solutions that create a safer, more sustainable mining environment. An emphasis on innovation is no longer an afterthought, as mining companies look to make up for time lost during lockdown. For a cyclical industry, the risk of standing still should not be an option. The result of Global Business Reports’ research is the production and digital distribution of ‘Mining in Ontario and Toronto’s Global Reach 2021’, a culmination of over 70 interviews conducted with key decision makers that shape the industry. We would like to thank all our interviewees that have taken the time to provide their valuable insights. To all our readers, we encourage your feedback, and welcome interest in being interviewed for future reports.

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Background image courtesy of HighGold Mining