Within the Arctic region’s 21 million square kilometers, eight countries — Canada, Russia, the United States, Denmark, Sweden, Finland, Norway, and Iceland — have exclusive economic rights to resources up to 200 nautical miles from their shores.
But as rising ocean temperatures disrupt shorelines and shipping routes, heavy hitters like China are eying assets and deep seaports along Canada’s Northwest Arctic Passage.
Potential at the 60th Parallel
Global gold production is expected to grow at a compound annual rate of more than 3% through 2026, with Canada being the largest contributor to the increase. Over the forecast period 2022-2026, Canadian gold mine production is expected to grow at a compound annual growth rate (CAGR) of 18.7% to reach 15.5 Moz.
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