In the mining exploration sector, 2022 was not such an easy year, with high inflation, high interest rates and rather difficult access to financing creating headwinds. The president and CEO of the Association for Mineral Exploration B.C. now sees better times ahead with strong numbers. After all, British Columbia spent about $660 million on the sector in 2022. This was close to the previous peak, which was only eight million U.S. dollars higher.

Unofficial financials suggest a solid start to 2023 for exploration activity in British Columbia, says Kendra Johnston, president and CEO of the Association for Mineral Exploration B.C., ahead of the organization’s annual Roundup event Jan. 23-26 in Vancouver. For example, there was plenty of financing in early 2022 before a decline was seen. Exploration projects then suffered from high inflation. High energy prices, political squabbles and upheaval in the U.S., for example, also did not help the industry much.

However, the public sector has recognized the need for a green future and the energy transition. The importance of exploration in British Columbia is one consideration that is in focus. Minerals and metals, especially for the energy transition, are important. British Columbia is best known for its copper-gold porphyry deposits, and it is one of the leading mining jurisdictions in the world. Gold companies in British Columbia include Tudor Gold and Osisko Development.

Tudor Gold – https://www.commodity-tv.com/play/tudor-gold-successful-drill-program-so-far-more-drilling-until-end-of-october/ – owns the nearly 18,000 hectare, previously producing Treaty Creek project (gold, silver, copper) in British Columbia’s Golden Triangle. The aggressive drilling and resource expansion program has already produced excellent results.

Osisko Development has projects in Mexico, Canada and the USA. The main project is the Cariboo project in British Columbia in the historic Cariboo mining district.

Current corporate information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).

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