Home Resources Strong growth for Nunavut but decline for NWT

Strong growth for Nunavut but decline for NWT

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NUNAVUT

According to the NWT & Nunavut Chamber of Mines, Nunavut’s mineral production is growing, while the NWT’s is decreasing. 

Stronger prices for iron and gold has helped Nunavut’s increase in mineral production with Nunavut currently having three working gold mines and an iron ore mine. The NWT has three producing diamond mines but a downturn in global diamond sales has affected this sector. 

Natural Resources Canada estimates Nunavut’s 2020 mineral production to be approximately $2.07 billion, a 27 per cent increase from 2019. The NWT’s estimated 2020 mineral production is at $1.15 billion, a 25 per cent decline from 2019. 

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