Optimism and opportunity abounded at the 2016 Convention of The Prospectors & Developers Association of Canada (PDAC) in spite of recent industry challenges, indicating a positive shift in sentiment amongst the industry's key players, according to event organisers.
A clear sense of industry confidence was evident as more than 22,000 attendees from more than 100 countries gathered at the annual PDAC convention where investors, analysts, mining executives, geologists, government officials and students met for the world's largest exploration and mining event.
“The mineral exploration and mining industry has been facing an array of economic challenges the past several years but the sector continues to demonstrate its resiliency,” said PDAC president Rod Thomas, pointing to new money coming into the industry, favourable market trends and a move to drive new and sustainable solutions to mining activities.
“The mood throughout the convention was optimistic and upbeat - a positive sign for the sector going forward,” he said.
The PDAC 2016 Convention hosted its inaugural International Mines Ministers Summit (IMMS) that brought together 16 national mines ministers from around the world. Led by Canada’s Minister of Natural Resources Jim Carr, who spoke at a series of PDAC functions, the IMMS provided an important setting for the international mining community to discuss and work on resolving issues affecting the industry.
“It is important that the PDAC builds strong working relationships not only with provincial and federal governments in Canada but also with international governments to ensure the mineral industry continues to succeed and grow both in Canada and internationally,” said PDAC executive director Andrew Cheatle.
“The PDAC Convention was an excellent opportunity to showcase the importance and scale of our industry to the new Government of Canada and we look forward to further building upon the constructive activities that occurred at the 2016 PDAC Convention,” he said.
Now in its 84th year, the PDAC Convention is more diverse than ever before. A number of events, including the CSR Event Series, with a focus on diversity in the extractive industry, Capital Markets Program, Aboriginal Program, garnered overwhelming support by attendees.
The Prospectors & Developers Association of Canada is the national voice of Canada's mineral exploration and development industry. With a membership of more than 8000, the PDAC’s mission is to promote a responsible, vibrant and sustainable Canadian mineral exploration and development sector.