A remarkable year for Canada’s Top 40

It is that time of the year again where we publish our highly anticipated Top 40 ranking of Canadian mining companies, which is based on financials from 2022. See pages 15 to 22 to go immediately to the charts! Top 40 total revenues climbed up to more than $177 billion in 2022, enhanced by first place Nutrien’s total revenue boost by almost $15 billion. The numbers show that the mining sector continued to handle the diminishing impacts of Covid-19 pandemic effectively. As mentioned in the article, encouraged by the soaring commodity prices in recent years, several corporations were able to throw money into capital projects, including mergers and acquisitions, in expectation of higher demand.

It required a robust corporation to deal with the impacts of the Covid-19 pandemic and geopolitical instability on the mining sector in the last few years. The mining sector in Canada proved to be as solid and robust as it could be.

Also in this issue, we feature several articles on conveyors, crushers, and screens on pages 41 to 54. On pages 25 and 33, there are also two interviews with industry leaders (CEOs of Almonty Industries and Nouveau Monde Graphite) that offer updates on their major projects and their forecast for the future of the industry and the challenges they are facing.

Earlier this month, I visited Fortuna Silver’s new Séguéla gold mine in the north of the West African country of Côte D’Ivoire. I totally enjoyed my first mine visit outside of North America, and the article on page 29 offers a brief story of the mine site visit. Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines and a development project in Argentina, Mexico, Peru, Côte d’Ivoire, and Burkina Faso. Fortuna produces gold and silver and improved its ranking on this year’s Top 40 list from 31 in 2021 to 28.

We also continue publishing the new department called “Min(e)d Your Business” in this issue (see page 11). This issue’s article reports on distributing securities to Canadian First Nations.

Moreover, John Sandlos continues to contribute to a series of articles on the history of mining that started in May 2023 issue, and this issue, he reports on Canada’s first mining scandal on page 59.

Finally, our next issue, September 2023, will report on gold projects of merit across Canada and North America. We will also look at innovative technology designed to help gold miners operate more efficiently and sustainably. Relevant editorial contributions can be sent directly to the Editor in Chief no later than
Aug. 7, 2023.