In Border Gold in Surrey, Robert Levy keeps close surveillance on his bars and parts.
He also monitored the price of gold, which reached heights of all time of $ 3,100 US on the Once.
“It is exciting to see that it is higher and higher every day, reflecting what is happening on the market,” said Levy.
He is also enthusiastic about the recent increase in precious metal in the mining industry.
“This creates a lot of opportunity for us here in British Columbia,” said Tim McEwan, main vice-president of the British Columbia Minière Association
“We have five precious metallic mines which are in or about to enter the regulatory process which is in the books, alongside 17 critical mineral mines.”
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The British Columbia Government has recently promised to accelerate four mining projects.
“They are retained in a sort of administrative or regulatory or government process,” said Prime Minister David Eby.
“Where we can speed up this, put these shovels in the ground. And with particular attention to more rural and distant communities. ”
Many believe that the price of gold can increase even more.
“In the midst of all the uncertainty south of the border, with the Trump administration, it could continue to go up for sure,” said McEwan.
Levy agrees.
“The United States, investment banks like Goldman Sachs (say) perhaps US $ 3,300 by the end of the year, but what is happening now is that everyone increases their forecasts because we have already had such a solid performance for the year.”
The British Columbia mining industry contributes to around $ 18 billion per year in economic activity.
& Copy 2025 Global News, A Division of Corus Entertainment Inc.