Mining is a key contributor to the Ontario economy, as well as an engine for regional development and value-add generation.  Though the number fluctuates with various commodity price changes, mining in Ontario produces revenues of around $10 billion per year. When taking into account indirect and induced benefits, the value of mineral production grows considerably - for instance, Ontario's $10.8 billion in mineral production in 2015 almost doubles in value to $18.5 billion. Ultimately, Ontario's mineral production, including indirect and induced impacts, provides for more than $12 billion in Canadian GDP and creates 78,800 jobs. 

The impact of mining goes beyond mineral extraction and processing. Mining is linked to many other industries and sectors in the economy, including transportation, construction, equipment manufacturing, environmental management, geological services, education and research, among others. The industry provides a major boost to our financial sector: the Toronto Stock Exchange (TSX) is the leading global mining exchange, listing more of the world's public mining companies and raising more mining equity capital than any other exchange.

For indepth information, read our latest economic report below (or in PDF), produced in partnership with Ontario's Ministry of Northern Development, Mines, Natural Resources and Forestry.

 Read more studies on the economic impact of Mining in Ontario

An Au-thentic Opportunity:The Economic Impact of a New Gold Mine in Ontario (2014 study on the economic impacts of a representative gold mine in Ontario)

Mining: Dynamic and Dependable for Ontario's Future (2012 Economic Contribution Study) - see the accompanying infographic and PowerPoint presentation, which illustrate some of the key findings from the study. 

Ontario Mining: A Made-in-Ontario Success Story (2009 Economic Contribution Study)

Ontario Mining: A Partner in Prosperity Building (2007 study on the economic impacts of a representative base metal mine in Ontario)

Click for detailed image of a new gold mine in Ontario Infographic

Every new mine makes a difference to our economic wellbeing. A University of Toronto study, commissioned by the OMA and produced with the support of the Ministry of Northern Development, Mines, Natural Resources and Forestry, shows that the benefits from opening just one new gold mine include more than $102 million in tax revenue for all levels of government annually, the creation of a large number of highly skilled, high paying jobs, enhancements to Ontario's GDP, gains in the province's trade balance, support for infrastructure development, and more opportunities for Indigenous Canadians.