Exploration Spending

British Columbia ranks fourth in Canada for mineral exploration expenditures, with 14% of all exploration spending taking place in this province in 2016.

The Ministry of Energy and Mines (MEM) and Natural Resources Canada (NRCan) both compile data on provincial exploration spending.

Prior to 2016, MEM’s regional geologists and Mineral Development Office generated annual exploration expenditure estimates. In 2016, exploration expenditures, drilling estimates and other metrics were captured in the British Columbia Mineral and Coal Exploration Survey, which replaces the annual MEM survey (see the “B.C. Exploration Survey / Provincial Geoscience Statistics” column in the table below). The survey is a joint initiative between MEM, the Association for Mineral Exploration, and Ernst & Young LLP.

NRCan uses data obtained through the federal-provincial/territorial Survey of Mineral Exploration, Deposit Appraisal and Mine Complex Development Expenditures (see the “NRCan Survey” columns in the table below) to generate its estimates. Because the same survey is administered in the same way to all provinces and territories, NRCan’s estimates are used when comparing B.C. exploration spending to other provinces and territories.

Year

NRCan Survey
(C$ millions)

NRCan Survey
(% of Canada Total)

B.C. Exploration Survey / Provincial Geoscience Statistics (C$ millions)

2016 220.4p 14.1 205
2015 346.3 18.8 272
2014 448.9 22.3 338
2013 493.0 21.0 476
2012 734.1 18.9 680
2011 645.1 15.3 463
2010 374.4 13.5 322
2009 217.1 11.2 154
2008 435.4 13.3 367
2007 470.6 16.6 416
2006 344.2 18.0 265
2005 218.1 16.7 220
2004 151.9 12.9 130
2003 62.5 9.1 55
2002 39.2 6.8 40
2001 29.1 5.7 32
2000 35.9 7.2 30
1999 41.3 8.2 25
1998 54.5 8.3 38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

p = Preliminary estimate.