{"id":1116476,"date":"2019-05-16T18:34:29","date_gmt":"2019-05-16T18:34:29","guid":{"rendered":"http:\/\/www.mining.com\/?p=987892"},"modified":"2019-05-16T18:34:29","modified_gmt":"2019-05-16T18:34:29","slug":"british-columbia-miners-post-record-high-revenues-in-2018","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1116476","title":{"rendered":"British Columbia miners post record high revenues in 2018"},"content":{"rendered":"

British Columbia’s mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada’s latest BC Mine report<\/a>.<\/p>\n

In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.<\/p>\n

Key contributing factors were a recovery in the commodity market and increased mining activity within the province. On average, copper and metallurgical coal prices were 6% and 5% higher respectively in 2018 than the prior year, while gold price remained steady.<\/p>\n

\"\"<\/p>\n

There were a handful of mergers and acquisitions involving BC miners in 2018, signalling a steady turnaround and renewed optimism in the industry. Notable transactions include Newmont Mining Corp.’s acquisition of a 50% interest in the Galore Creek Partnership from Novagold Resources Inc. (forming a partnership with Teck Resources) and Taseko Mines Ltd.’s purchase of Yellowhead Mining. Newmont also completed its acquisition of Vancouver-based Goldcorp earlier this year.<\/p>\n

\"\"<\/p>\n

Confidence in mining projects was also reflected in the growing workforce in the sector. The number of mining employees grew by 10% in 2018 compared to 2017, partly a result of new projects coming online and expansions at existing projects (ie Teck’s operations).<\/p>\n

“There are great opportunities here in BC, and it’s up to the industry, the government and all other stakeholders to bring certainty to the mining sector, which is a major contributor to the provincial coffers,” said Mark Platt, Mining Partner, PwC Canada.<\/p>\n

The post British Columbia miners post record high revenues in 2018<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The BC mining sector posted positive results for the second consecutive year.<\/p>\n

The post British Columbia miners post record high revenues in 2018<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1552,404,369],"tags":[22,25,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116476"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1116476"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116476\/revisions"}],"predecessor-version":[{"id":1116510,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116476\/revisions\/1116510"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1116476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1116476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1116476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}