HEAD TOPICS

Canadian Mining and Extraction Sector Continues to Rise

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 13 sec. here
  • 14 min. at publisher
  • 📊 Qulity Score:
  • News: 51%
  • Publisher: 78%

The domestic mining, quarrying, and oil and gas extraction sector in Canada increased by 1.2% in August, marking its third consecutive monthly increase. The growth was driven by a rebound in copper, nickel, lead, and zinc mining, as well as higher oil and gas extraction. This upward trend has brought activity in the sector to its highest level since April 2019.

Canada, Mining, Quarrying, Oil And Gas Extraction, Growth, Rebound, Copper, Nickel, Lead, Zinc, Oil, Gas

(Kitco News) - According to Statistics Canada (StatCan), the domestic mining, quarrying, and oil and gas extraction sector rose 1.2% in August, its third consecutive monthly increase.

According to StatCan, mining and quarrying (except oil and gas) increased 4.2% in August, led by an increase in copper, nickel, lead and zinc, which rebounded from a large decline in July that resulted in large part from maintenance activity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Mining and Extraction Sector Continues to RiseThe domestic mining, quarrying, and oil and gas extraction sector in Canada increased by 1.2% in August, marking its third consecutive monthly increase. The growth was driven by a rebound in copper, nickel, lead, and zinc mining, as well as higher oil and gas extraction. This surge in activity has brought the sector to its highest level since April 2019.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Canadian Miner First Quantum Minerals Shares Fall After Panama Government Announces Mining Contract ReferendumShares of Canadian miner First Quantum Minerals fell as much as 24.1% after the Panama government announced a referendum to decide whether to scrap a mining contract awarded to the company. The decision will be binding and comes after protests against First Quantum's open pit mine in Cobre Panama.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Matthew Perry's Canadian Roots and Connections to Canadian PoliticsMatthew Perry, known for his iconic role on 'Friends,' had deep ties to Canadian politics and described himself as half Canadian. He detailed his childhood in Canada and his mother's work as press secretary for Prime Minister Pierre Trudeau. Perry's connections to Canada remained strong throughout his life.
Source: timescolonist - 🏆 15. / 75 Read more »

Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocksKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Glencore reports lower copper, zinc and nickel production in 9M23, cuts nickel and ferrochrome guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

G7 plan to ban Russian diamonds to further dim industry sparkleA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »