The mining sector, like other sectors, has been hit hard
by the response to COVID-19. There is a dim light at the end of the
tunnel, but it is hard to say how long the tunnel is and which
companies will be able to make it to the light. It is clear that,
in the near term, stabilization will be taking precedence over
expansion and acquisitions.
Stabilizing People and the Asset
Globally, a number of jurisdictions have ordered their mining
sectors to close, including Peru and South Africa. In Canada,
Quebec is shutting down while Ontario and British Columbia remain
open – for now. According to TD Securities, as of late March
over 100 mining operations, including 70 operating mining
operations, have been closed. And when they are able to come back
on, it will not be like flipping a switch. It will take time.
Management teams all over the world are busy supporting the health
and welfare of their employees and other stakeholders, including
First Nations communities in
