Upper Ungava Mining Corporation Limited - 1958 dated Canadian Mining Stock Certificate

Stock printed by Canadian Bank Note Company, Limited. Quebec, Canada. Mining is a significant part of the economy of Canada. As of 2018, mining revenues totalled CA$47 billion. Approximately 75 percent of the world's mining companies are headquartered in Canada, and 60 percent are listed on the Toronto Stock Exchange. Toronto is a financial centre for the mining industry: as of 2016, around 80 percent of the world's equity trades in mining stocks took place in Toronto's markets. The Canadian mining industry has experienced significant volatility in recent history. The 1980s and 1990s saw a "prolonged slump" in Canadian mining, whereas the 2000s and 2010s were largely boom periods.

Saskatchewan alone produces approximately 15 percent of the world's uranium. The metal was first discovered in the province in the 1930s, and had become Canada's most valuable resource export by the 1950s. In Northern Canada, mining—particularly hardrock mining—has long been one of the most significant sources of economic development. Canada taxes mining companies at a relatively low level by international standards. Alam identifies this as one way Canada has established itself an attractive place for mining companies to do business. Read more at https://en.wikipedia.org/wiki/Mining_in_Canada

Read More

Read Less