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Mining led 2020 GDP growth in Nunavut and Yukon

From kitco.com

According to the Statistics Canada's "Gross domestic product by industry: Provinces and territories, 2020" reports released today, Nunavut and Yukon were only two Canadian jurisdictions to show GDP growth in 2020 with mining sector contributed the most to this increase. According to the report, GDP in Yukon grew 1.1% in 2020, following 0.7% growth in 2019. Goods-producing industries advanced 25.7%, almost entirely as a result of large increases in gold and silver mining (+121.9%)—with the ramp-up of production at the Victoria Eagle gold mine—and copper, nickel, lead and zinc ore mining (+325.8%) as the Minto mine ... (full story)

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  • Category: Fundamental Analysis