Ontario, Canada is growing a reputation as a tier-one mining jurisdiction and is ideally located close to US markets.
Ontario produced 2.5 million ounces of gold in 2018, nearly half of Canada’s annual gold production (6Moz). The Ontario Mining Association listed nearly 20 producing gold mines in 2019, making it Canada’s largest gold producing Province. Ontario could increase its dominance if several more promising gold projects reach production.
Mining is an important part of the Ontario economy. The province also hosts four base metal operations, while other mines in Ontario produce platinum group elements, iron ore and diamonds, and there are also industrial mineral operations producing materials such as gypsum and salt. The Toronto Stock Exchange (TSX) in Ontario is the world’s leading mining exchange, listing more of the world’s public mining companies and raising more mining equity capital than any other exchange.