Finland reclaims mining crown as Canada loses ground

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Finland has regained its status as the world’s most attractive jurisdiction for mining and exploration it held in the early 2010s, followed by Nevada and Alaska, according to the Fraser Institute’s latest Annual Survey of Mining Companies.

Canada’s standing slipped this year, with only two provinces — Saskatchewan and Newfoundland and Labrador — remaining in the global top 10. Saskatchewan placed seventh, down from third in 2024 and second in 2023, while Newfoundland and Labrador ranked eighth.

Rounding out the top five jurisdictions that are most attractive to investors, considering both mineral endowment and policy, are Wyoming and Arizona. The worst performing jurisdictions overall were Ethiopia, followed by Suriname, Niger, Canada’s Nova Scotia, and Mozambique. 

On policies alone, Ireland ranked first and Bolivia last.

The survey evaluates jurisdictions based on…

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