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By Shane Lasley
Mining News 

Mines drive growth across Canada's North

Gold heats Nunavut, Yukon economies, offsetting cooling NWT North of 60 Mining News – November 23, 2018

 

Last updated 9/25/2020 at 7:27am

Canada Territorial economic outlook, gold mines drive growth Nunavut

Agnico Eagle Mines Ltd.

Slated to go into production early in 2019, Agnico Eagle's Meliadine is one of three gold mines that is expected to spur strong economic growth in Nunavut over the coming years.

New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures.

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