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Gold and Copper Price Survey - Navigating COVID-19 and beyond

December 2020
In our current dynamic economic environment, commodity price assumptions for financial models are critical areas for planning and financial reporting purposes and for the disclosure of forward-looking information. As such, price assessments continue to be an area of significant focus for mining companies as they navigate the path forward into 2021.

Geopolitical trends, in addition to COVID-19, have caused commodity prices to be extremely volatile in 2020. Gold price surged past US$2,000/oz at its peak as investors ran towards a safe haven in a time of uncertainty. Copper price conversely declined to as low as US$2.11/lb. as a result of the economic downturn caused by the pandemic, but it has since recovered to 2019 levels. As the global economic environment remains in flux, companies must stay vigilant in their pricing assessments and transparent in their disclosures.

In our 2020 gold and copper price survey, we analyze industry pricing by looking at responses from leading companies in the Canadian gold and copper industry.

Contact us

Kevin Chan

Kevin Chan

National Mining Leader

Tel: +1 416 941 8321

Monica Banting

Monica Banting

Eastern Canada Mining Leader

Tel: +1 416 941 8233

Mark Patterson

Mark Patterson

BC Mining Leader

Tel: +1 604 806 7160

Maxime Guilbault

Maxime Guilbault

Quebec Mining and Metals Leader

Tel: +1 514 205 5448

Lauren Bermack

Lauren Bermack

National Deals Mining Leader

Tel: +1 416 815 5323

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