Caribou

Management Strategies: Best Practices for

The research that was used for the Caribou Management Strategies report was informed by company case studies that outlined industry-leading practices from operations of various sizes and jurisdictions.

The report was led by a third party consultant, and overseen by Matthew Pickard, Vice President, Environment and Sustainability at Sabina Gold & Silver. Matthew is also the co-Chair of PDAC’s Lands & Regulations Committee.

This report served as a tangible resource for PDAC members to understand strategies to mitigate caribou disturbance at each stage of the mineral development sequence – from exploration to closure.

With this, we help our members plan projects, prepare to undertake permitting activities, and engage communities around environmental impacts. It is also a way to showcase some of the best practices in the sector, raise awareness of industry efforts to address the problem of population decline among caribou, and suggest ways for governments, communities and industry to work together to inform the development of evidence-based caribou conservation policy.

The Report was published on February 16, 2022.

Using data sourced from S&P Global Market Intelligence, TMX Group, and Natural Resources Canada (NRCan), PDAC produced a detailed report with figures that provided insight on key markers within the mineral exploration and development sector in 2021.

Focusing on three main components: metal prices, investment activity, and exploration activity and expenditures, the report highlighted the issues that dominated 2021: reducing global emissions, the supply of minerals critical to this transition, as well as materials of strategic importance to various regions around the world. All set against the backdrop of an economy that was struggling to recover from a global pandemic, which was a significant catalyst for the trends seen throughout the year – including inflation at levels not seen in a generation.

The Mineral Finance report did leave a relatively positive forecast for 2022, identifying that modest and significant gains were made in various sectors, stating, “The longer-term outlook for Canada’s mineral industry can look towards increasing support from the federal government based on the industryspecific proposals in Budget 2022”.

This report was published online on March 18, 2022.