Mineral Exploration in British Columbia
British Columbia has vast reserves of minerals, such as copper, gold, silver, and molybdenum. Prospectors and developers seek out these mineral deposits so that they can later be developed into mines. In the process, the industry contributes hundreds of millions of dollars to B.C.'s economy each year. The most recent exploration data for the province can be found below:
Evaluation and advanced-stage projects drove exploration expenditures to $680 million, the highest total on record. Further, the province's two largest coalfields attracted record levels of exploration expenditures, and the Mineral Exploration Tax Credit (METC) was increased to 30 per cent.