Two years ago, British Columbia’s top mining companies had finally recovered from a decline in average asset and average revenue suffered in 2017 and were able to return to roughly 2016 levels.
But in 2020, the pandemic largely wiped out all of the four-year growth the industry had achieved, according to data collected on Business in Vancouver’s Biggest Mining Companies in B.C. list (https://biv.com/lists).
Average revenue fell 5.6% in 2017 to $1.32 billion from $1.4 billion in 2016. By 2019, B.C.’s biggest mining companies were able to more than make up for the loss, increasing revenue 30% to $1.7 billion over the next two years.
Most of that growth took
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