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Canadian Gold Mines Look to Capitalize on the Next Gold Run
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NEW YORK, Feb. 2, 2021 /PRNewswire/ It s no secret that Canadian gold production took a hit in 2020. The country produced 1,160 koz of gold in Q2 2020, a significant drop from the 1,482 koz produced over the same period in 2019. However, the gold market looks likely to surge in 2021 and the Great White North is once again an attractive destination for the mining industry. The global health crisis was a significant cause for the drop in production last year, and companies are looking to make up for lost time. New mines are set for exploration and development and major miners are set to ramp up production in the coming months as companies like
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Fury Gold Mines: Fury Outlines 2021 Exploration Program at Homestake Gold-Silver Project; 25,000 Metres Focused on Resource Expansion
Notes:
Based on the technical report with an effective date of May 29, 2020, as amended and restated June 24, 2020 and titled, Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, Skeena Mining Division, British Columbia, which was filed and is available on the Company s SEDAR profile at www.sedar.com.
Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves dated May 10, 2014 (CIM (2014) definitions), as incorporated by reference in NI 43-101, were followed for Mineral Resource estimation.
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