Government regulation named top threat facing British Columbia mining industry — report

British Columbia’s KSM is the world’s largest undeveloped gold project by resources. Credit: Seabridge Gold.

Proposed critical mineral mines worth C$36 billion in near-term investment, 300,000 person-years of employment and C$11 billion in tax revenues, according to an independent economic impact analysis conducted for the Mining Association of British Columbia early this year, reporting the long-term economic impact of operating these mines over several decades“Now that much of the world has begun to recognize the need to reduce carbon emissions, British Columbia is primed to become one of the most...

Over the past year, the provincial government issued certificates and permits to move several mining projects ahead. It also recently, which includes the creation of the Critical Minerals Project Advancement Office to expediate review and approval processes of new mines.However, Industry players are cautious about regulatory and economic forces, ranking government regulation, cost of capital and inflation as the top three threats respectively for the next 12 months, PWC warned.

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New report questions business model of British Columbia gold minesThe report says mines are allowing day traders and Canadian taxpayers to assume most of the financial risk, while a much smaller group of shareholders reaps the rewards.
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