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ARTICLE · 01 DECEMBER 2021

Mining: Mining Sector Unleashed

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Since 2020, commodity prices, including precious and base metals, have gone from strength to strength during the pandemic.

CanadaEnergy and Natural Resources
Michael Pickersgill
Michael Pickersgill
Michael Amm
Michael Amm
Braden Jebson
Braden Jebson
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As 2021 draws to a close, the mining sector is emerging from the pandemic from a position of strength buoyed by strong commodity prices and new drivers of investment and transaction activity. Meanwhile, the momentum to make and deliver on ESG commitments and the global energy transition are influencing operations, investment and strategic decision-making in the sector. Altogether, these developments underscore the transformation that is underway in Canada's vibrant mining sector.

The current environment

Since 2020, commodity prices, including precious and base metals, have gone from strength to strength during the pandemic. As of November 2021, the copper price is above US$4.00/lb showing an increase of 66% over the same period in 2019 1. Gold, while retreating through the 3rd quarter, has rebounded and remains significantly above pre-pandemic levels at a price of over US$1800 per oz 2. The drivers of strong commodity prices are varied: supply constraints,

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