Strong economic forecast for Nunavut
Economists expect higher levels of gold & iron ore production North of 60 Mining News – October 6, 2023
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Last updated 10/19/2023 at 3:06pm
Agnico Eagle Mines Ltd.
Agnico Eagle's Meadowbank Complex in central Nunavut produced 205,885 oz during the first half of 2023, a significant increase over the 156,463 oz during the same period of 2022.
Economists at the government of Nunavut are predicting major economic growth in Canada's northernmost territory next year, partly due to increased production and steady commodity prices in its mining sector.
Nunavut Premier P.J. Akeeagok told an audience at the Nunavut Trade Show Sept. 19 that the Nunavut economy is expected to grow by 13.6% in 2024, up from around 7% this year.
"I'm happy to repo...
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