Global Business Reports


Ben Cherrington, Margarita Todorova, Diego Brando

Mining in Ontario and Toronto's Global Reach 2020

February 24, 2020

M&A activity defined the mining industry in 2019, and its impacts were felt acutely in Ontario, as a remarkable transfer of assets saw operations controlled by Goldcorp, Tahoe Resources, North American Palladium and Detour Gold move into the hands of Newmont, Evolution Mining, Pan American Silver, Impala Canada and Kirkland Lake Gold.

While producers have been making hay while the sun is shining, spurred on by gold at a 7-year high, the junior exploration community has languished with a dearth of financing available despite the cannabis and crypto booms subsiding. However, the likes of Great Bear Resources and Wallbridge Mining have shown that the best projects can still attract substantial investment and trade at eye-catching multiples. The need to replace reserves is becoming more pressing and the global demand for metals has yet to diminish, so, for the mining-savvy investor, this is an opportune time to capitalize on high-upside, undervalued assets.

In this edition of our Industry Explorations series, Global Business Reports pays special attention to Toronto's influence across the full value chain, from its financial institutions on Bay Street, the mining producers and juniors headquartered in the city with operations across the globe, to its innovation-led service sector.


"Through the use of electric vehicles, we will be able to reduce 7,000 mt of greenhouse gas emissions and associated maintenance costs, as well as save the consumption of two million liters of diesel and one million liters of propane."
Avalon Advanced Materials is a mineral development company focused on rare metals and critical minerals for use in clean energy and new technologies.
Great Bear Resources represents a rare instance of a junior that is currently flourishing with significant gold descoveries.
SafeSight is bringing digital and technological solutions for mining, in particular with its’ DB3 LiDAR enabled drone technology for surface or underground georeferenced LiDAR scans.


BME offers products and services including explosives, bulk emulsions, initiating systems, technical services and software for surface and underground mining.