B.C. miners increase spending on copper exploration by 84% last year: report

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B.C. miners increase spending on copper exploration by 84% last year: report
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Miners in British Columbia spent almost twice as much money looking for copper last year compared with 2021. Find out more.

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Spending on copper exploration jumped to $235 million in 2022, an 84 per cent rise, according to the seventh annual British Columbia mineral and coal exploration survey. The study is based on survey responses and data collected from the financial reports and press releases of 170 mining companies in B.C., representing about 230 projects in the province.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

Theo Yameogo, accounting firm Ernst & Young Global Ltd.’s Americas and Canada Mining & Metals head said in a statement. EY conducted the survey with the B.C. government and the Association for Mineral Exploration British Columbia.

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