Engineering & Mining Journal


Ben Cherrington, Margarita Todorova, Diego Brando

Mining in Ontario and Toronto’s Global Reach 2020 E&MJ Release

April 06, 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 made 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. Market valuations have taken a further hit with the onset of the novel coronavirus, yet the need to replace reserves remains, so, for the mining-savvy investor, this is an opportune time to capitalize on high-upside, undervalued assets.

In this edition, 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.


Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
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Ramoth Services supports mines with engineering and construction in Ghana.