Xplor convention offers firsthand look at Quebec mining sector
(Kitco News) - For 2018, Quebec was ranked the fourth best mining jurisdiction in the world and next month, investors will be able to get a first-hand look at the progress mining and exploration companies have made this past year.
From October 23 and 24, the Quebec Miner Exploration Association (QMEA) will hold its annual Xplor mining convention at the historic Fairmont Queen Elizabeth Hotel in downtown Montreal, Canada.
“Xplor is the perfect equation that brings investors together and allows the sector to show off its cutting-edge technology and investment opportunities,” said Mathieu Savard, the president of the QMEA Board of Directors and vice president of exploration at Osisko Mining.
Mathieu Savard, the president of the QMEA Board of Directors
Savard added that Quebec has a lot to celebrate. Even after more than a century of mining history, companies are literally just scratching the surface of the province’s potential, he said.
Osisko is an example of a company pushing the envelope in Quebec. At its Windfall project in Northern Quebec, the company is currently drilling the deepest exploration hole in Canada. When finished, the hole will be 3.5 kilometers deep.
But there are other companies with operations in Quebec that is attracting a lot of international attention. George Burns, president and CEO of Eldorado Gold, will be the convention’s honorary president this year.
The mid-tier gold producer reported the first quarter of commercial production at its Lamaque mine, producing 33,140 ounces in the second quarter. Last week, the Eldorado updated its resource estimate at its Quebec mine. The company is looking to expand annual gold production to 170,000 ounces, up nearly 31% from the previous estimate.
Savard said that that while the province’s mining sector has a bright future, it will take more investment to unlock the jurisdiction’s full potential.
“Xplor gives investors director access to the management teams to better evaluate the different projects around Quebec,” he said. “This is a great event to find new investment opportunities.”
Not only does Quebec have significant mineral potential, but Savard said that it has a supportive and stable political system. He added that investment incentives mean that companies are able to efficiently put their capital in the ground.
“Every dollar spent by a Quebec mining company goes further than in any other jurisdiction in the world,” he said. “By every metric Quebec is one of the best jurisdictions to invest and work in.”
Investors can click here to XPLOR/AEMQ.ORG register for next month’s conference.