Yukon ranks 1st in mineral potential, says new survey
The Fraser Institute report says Canada has five jurisdictions in the top 10 most attractive regions for mining investment
Exporting & Importing
Mining & Resources
WHITEHORSE, Yukon—Yukon continues to rank in the top 10 in the world for overall attractiveness for mining investment, and is first in mineral potential for 2014, according to the Fraser Institute Annual Survey of Mining Companies.
A regions mineral potential is based on their geologic attractiveness and Yukon moved from a score of 0.79 in 2013 to 0.87, up 8 points this year. Following an exploration boom in 2010-2012 which resulted in more than 7.3 million ounces of gold in new discoveries and 23 million ounces of gold, 50 million ounces of silver, and 10 million ounces of PGMs added to known deposits.
Canada remains one of the top countries in the world for investment attraction with five jurisdictions ranking in the top 10, including: Saskatchewan (second), Manitoba (fourth), Quebec (sixth), Newfoundland & Labrador (eighth) and Yukon (ninth) ranking in the top 10.
“Yukon remains one of the top jurisdictions in the world for mineral investment and has weathered the challenging markets faced by all junior explorers and developers,” commented John McConnell, chair of Yukon Mining Alliance, “The Yukon government works collaboratively with our member companies, industry representatives and First Nations to advance and improve opportunities in the minerals sector for our communities, our economy and our shareholders.”