WELCOME LETTER
La Belle Province is living a decisive period in its mining history. Having spent months throughout 2023 battling against the biggest wildfire in its history, Québec braces to supply the world’s needs for future-facing commodities, while remaining a global hub for gold production. Indeed, despite the ongoing lithium “frenzy” in James Bay and elsewhere, the backbone of the industry remains gold production, with key producers, developers, and explorers leveraging a high gold price to advance their operations. At the federal and provincial levels, efforts are made toward making the province a North American leader in supplying the metals that will support the global green transition. Holding leading spots in Canada for gold, copper, graphite, and nickel shipment – and now lithium, and with development projects covering 30 commodities, what happens in Québec impacts the global mining world. Yet, the road to reclaiming the top spots of the Fraser Institute index will remain rocky. Eager to feed the metals-starved capital market, Québec miners are having to dig south of the 49th parallel for resources, in areas in which the population is not as used to mining as their northern fellows. Coupled with incentives to boost the whole battery vehicle value chain in the province, Québec is the scene of a balancing act between the reality of capital markets and ambitious climate-related targets to decarbonize society. To navigate those defining times, Québecois miners can count on a unique home advantage: one of the most globally recognized networks of engineers, consultancies, equipment providers, and innovators. The global need for increased mineral supply suggests that the know-how of Québecois engineers, geologists, drillers, air carriers, and AI-driven innovators, will have an ever-so-important role in making the green transition a success. The time is now for Québec. Amid the wildfires, GBR’s research team traveled throughout the province interviewing close to 80 industry leaders to present the most comprehensive analysis for stakeholders involved in the global mining value chain. We would like to thank these institutional representatives, executives, and leaders for their insights, along with the Ministry of Natural Resources and Forests, our association partners at QMA, AEMQ, and "THE Event". We hope you enjoy the read.