British Columbia’s exploration expenditures increased twenty fold since 2001

In the last decade spending on exploration in British Columbia has increased 20 fold.

It was another bright spot for British Columbia’s mining sector, as covered in PricewaterhouseCoopers’ industry survey.

“The estimated total economic output, value added GDP employment generated from exploration and development activities are $352 million, $168 million and 3,017 jobs respectively,” wrote the survey authors.

The spending on exploration is probably under reported since many junior companies and individuals do not participate in the survey. Also, exploration companies not domiciled in B.C. are not included in the survey.

The economic impact analysis report is commissioned by the Mining Association of British Columbia (MABC).

[gview file=”http://www.mining.bc.ca/sites/miningassociation/files/Publications/PwCEconomicImpact.pdf”]