No Quick Fix: Sustaining Mineral Exploration and Mineral Production in Canada
Rod Thomas
Mineral exploration and development play a significant role in both B.C. and the Canadian economy. Mr. Thomas will outline how Canada's rich natural resource endowment remains a pillar of the country's economic engine, and why maintaining the vibrancy of the sector will continue ensure economic growth, jobs and fiscal sustainability for Canada and Canadians in some of the most remote and rural parts of this great country.
Historically, Canada has been the global centre for mineral industry capital raising, ranking as the top jurisdiction in the world when it comes to raising mining equity finance however, uncertainty in the global economy has led to significant capital-raising challenges for juniors. In 2013, the total number of financings on the TSX Venture Exchange was one of the lowest since 1999 indicated a protracted and continued downturn. The volume and level of financings has indicated that the sector is on the precipice of a major structural shift.
Mr. Thomas will conclude his remarks with a discussion about the role of industry, government and community stakeholders in terms of ensuring a strong and vibrant Canadian mineral industry.
About PDAC
The Prospectors & Developers Association of Canada was established in 1932 and represents the interests of the Canadian mineral exploration and development industry.
Today, 83 years after its founding, the association is a national organization with more than 9,000 members from Canada and around the world. PDAC encourages leading practices in technical, environmental, safety and social performance in Canada and internationally. The association is best known for its annual convention, trade show, and investors exchange. In 2014, this event attracted 25,122 attendees from 103 countries.
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