Mining has been a tough industry to be working in for the last 5 years, and geologists worldwide including Canada have found the industry to be extremely challenging.
It does seem however that there are finally some signs that the mining industry is slowly coming back to life, and the industry is cautiously optimistic that there will be an upswing on the horizon. While most commodity prices remain below the record highs in 2011, they are at least now heading in the right direction.
There have also been reports that British Columbia’s mining and exploration industry saw increasing signs of life last year, growing for the first time in the last five years.
This could not have come at a better time and could be extremely beneficial for geologists in particular, as exploration spending has apparently increased by 20% across British Columbia in 2017. According to Facts and Figures 2017, looking forward, the Canadian mining industry’s economic prospects is strong over the long term and growth is poised to return.
Hopefully this will mean more jobs for geologists across the region, as geologists around the world in mining have been left reeling in recent years as the industry shrank and jobs dried up.
Mining and metals will still be around in 20 years’ time, that’s a given, but how the industry will be looking we don’t know, and it may look very different to the way it looks today. Geologists have had to deal with a lot of uncertainty. However for now, it seems that the tide is slowly turning and the general feeling is that most are cautiously optimistic that the worst is behind us and that things will start improving.
With an upswing in mining, so hopefully will more jobs become available for geologists not only in Canada, but also worldwide.
The hope for many geologists in mining, is that along with more jobs, so too will there be a rise in salaries. According to the recently published 2017 Canadian Mine Salaries, Wages and Benefits Report geologists are not fairing very well salary wise, and salaries for geologists in mining in Canada were in 2017, lower than they were in 2013.
Mine geologists in Canada were earning an average of $114,400 in 2013, and by 2017 the average had dropped to $93,746.
Senior geologists in Canada were earning an average of $125,675 in 2013, salaries then peaked in 2014 to an average of $128,323 only to drop down to $118,879 in 2017.