CANADA | MARKET INSIGHT Canada, CPMI scores, three-month moving average trend score
1.2 1.0 0.8 0.6 0.4 0.2 0.0
Digging for gold
A gold mine is being proposed approximately 240km northeast of Yellowknife. The project aims to expand gold
exploration and production capacity to meet increasing regional demand. The site contains 6.5 million ounces of proven and probable reserves and is expected to operate for 15 years.
Seabridge Gold acquired the property
North America – risk scores comparison Source: GlobalData
Global average Regional average Canada US 0 Source: GlobalData Construction output (real terms) (in US$ billions)
450 400 350 300 250 200 150 100 50 0
2024 2025 2026 2027 2028 2029
Residential construction Institutional construction Infrastructure construction Industrial construction Energy & utilities construction Commercial construction
Market share by construction output (real terms) (in US$ billions)
3,500 3,000 2,500 2,000 1,500 1,000 500 0
2030 33.63 32.95 34.30 102030405060 Raw score Trend score 49.71
from Newmont in 2002 and is planning its development in the Northwest Territories, Canada. The project involves a 6.1MTPA open- pit gold mine across 5,400ha, along with a processing plant of equal capacity. Supporting infrastructure includes haul roads, a 43.2MW diesel power plant, a 31.5MW wind farm, catchment dams, administrative facilities, airstrip expansion and installation of machinery and safety systems.
Consultants include Resource Modeling,
Tetra Tech-Wardrop, Moose Mountain Technical Services, Golder Associates, EBA Engineering Consultants, WN Brazier Associates, Rescan Environmental Services and SRK Consulting (Canada).
Key milestones: • July 2002: Initial technical report completed
• January 10, 2012: Fifth mineral resource model released
• 24 July, 2012: Preliminary feasibility study issued
• 5 September, 2012: Study submitted to Yellowknife Council
• 10 September, 2012: Walsh Lake deposit discovered
• 11 March, 2014: First resource estimate for Walsh Lake released
• Q4 2018: Drilling completed • September 2019: Permit applications submitted • August 2022: Preliminary Economic Assessment published
As of February 2026, ownership transfer to Valor Gold Corp is in progress, with completion expected in June 2026.
12.5%
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13.4%
13.5%
13.5%
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2028 Canada Rest of North America Market share 20 Summer 2026 |
ochmagazine.com
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