At this point in time, saying that the global mining industry is experiencing a downturn does not constitute news for anyone, anywhere, anymore. Every commodity has had its ups and downs. We remember gold companies starving for cash when the extravagant $2000-per-ounce (oz) prices started plummeting in 2013, but we must also not forget that back then, iron ore producers were expanding operations around the world, based on high demand from China and a price point of around $150 per mt. Keeping these facts in mind, we arrive in present-day Québec, a mining jurisdiction traditionally known for its exceptional gold and iron ore reserves situated in the north of the province in regions such as Abitibi-Témiscamingue (gold), and the Labrador Trough (iron ore); gold is trading at roughly $1,200/oz, while iron ore prices are hovering at $40/mt. So is it all doom and gloom for “La Belle Province” and its miners? Quite simply put: no, not at all.