08/27/2026
🇨🇦 Canada is gaining major momentum in global mining exploration.
S&P Global’s Q1 2026 Exploration Jurisdiction Power Score shows a major shift in the exploration landscape:
🥈 Ontario climbed to #2 globally
🥉 British Columbia surged to #3
Both provinces were among the strongest movers quarter-over-quarter, driven by increased drilling and new initial resource announcements.
The details are particularly encouraging:
🟠 British Columbia recorded 762 drill holes, with junior explorers in the Golden Triangle leading activity.
🟠 Ontario recorded 3 initial resource announcements, signaling that exploration is translating into defined resources.
🟠 S&P Global describes Canada as the most consistent source of growth, with Ontario and B.C. showing sustained exploration and resource conversion rather than short-term spikes.
The bigger picture? While Western Australia remains #1 globally, Canada is emerging as a key source of exploration momentum and increasingly, the place where exploration is beginning to convert into the next generation of mining assets.
Read the full S&P Global analysis: https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/07/q1-2026-exploration-jurisdiction-power-score-mining-activity-shifts