newfoundland.gold - Newfoundland Gold | The Gold Guide to the Rock

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Description: Newfoundland.Gold is an alliance of companies focused on the advancement of mineral exploration and mining projects in Canada’s Newfoundland. Collectively these industry leaders are committed to bringing awareness to an exciting and supportive jurisdiction while generating shareholder value through responsible and innovative exploration and development.

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Discoveries, drilling, mining exploration and staking have all increased dramatically in the past year giving rise to emerging gold district.

Mining is one of Newfoundland and Labrador’s largest and oldest industries, and a major contributor to the economy of the province, especially in rural areas. In 2019 mining represented 5.5% of the province’s GDP. Newfoundland and Labrador is second in iron ore production next to Quebec, third in nickel production behind Ontario and Quebec, and fourth in copper production behind British Columbia, Ontario, and Quebec.

Newfoundland and Labrador has produced or mined over fifteen commodities and industrial mineral products which are sold both nationally and internationally. The 2019 forecasted gross value of mineral shipments for Newfoundland and Labrador totalled $3.7 billion, an increase of 29.4% from 2018.

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