Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Impressive financial performance spurs surge in mining investments

 

 

 

 

 

According to PwC’s Mine 2018 report, Canada’s largest mining companies are leading the pack for exploration investments. Renewed enthusiasm, thanks to the upswing in the mining cycle, has boosted exploration spending by Canadian-based companies by 31% from CA$473 million in 2016 to CA$620 million in 2017, more than doubling the average increase of the Top 40.

 

 

Canadian Top 40 miners are also standing out among their global peers for their advances in digital innovation. Strategic partnerships are helping companies to keep pace with advancements in technology and become market leaders. For example, Canadian companies are partnering with startups to create programs that accelerate planning by turning data into an immersive visualization of a mine’s complete lifecycle. This type of technology innovation is a game changer for the Canadian exploration market, enabling organizations to plan entire operations without even leaving the office.

 

 

“Last year was a remarkable year for Canadian miners with significant increases in exploration spending. Overall, the sector continues to prioritize digital transformation efforts, focusing on increasing efficiency, enhancing safety and mitigating cybersecurity risks. A heightened focus on innovation, technology and efficiencies shows we’re moving toward the goal of creating sustainable, long-term value,” says Liam Fitzgerald, National Mining Leader, PwC Canada.

 

 

Similar to last year, the report also shows that Canadian companies are ahead of their global  counterparts for their diversity efforts at the leadership level, with women now accounting for 25% of directors among Canadian miners, compared to 19% among their global peers. While the Top 40 companies nearly matched the Canadian year-over-year increase in boardroom representation by women, Canada still leads the global group as a whole.

 

 

To access the report, please click here.

 

 

About PwC Canada

 

 

At PwC, our purpose is to build trust in society and solve important problems. More than 6,700 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 236,235 people in 158 countries.

 

Posted July 4, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


The Week of July 9th to July 15th, 2018 “A Brief Look Back into Tomorrow”

The new North American trading week began of Monday, July 9th wit... READ MORE

July 16, 2018

Lundin Mining Announces Intention to Make All Cash Offer to Acquire Nevsun Resources Ltd.

Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) ann... READ MORE

July 16, 2018

Colibri Resource Corporation - Intersects 61 metres with an average grade of 0.75 g/t Au - Including 1.5 meters of 17.3 g/t Au

Colibri Resource Corporation (TSX-V:CBI) wishes to an... READ MORE

July 16, 2018

ALLEGIANT Closes First Tranche of $4.95 Million Private Placement

Allegiant Gold Ltd. (TSX-V:AUAU) (OTCQX:AUXXF) is pleased to anno... READ MORE

July 16, 2018

Aben Intersects Mineralization Early in Drill Program at Forrest Kerr Project in BC’s Golden Triangle

Aben Resources Ltd. (TSX-V:ABN)(OTCQB:ABNAF) (Frankfurt:E2L... READ MORE

July 16, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions