* Defined as having paid $25 million CAD or more in taxes and fees to the Ontario government between 2020 and 2025. ESTMA data shows that over the period only 8 mining companies made payments to the Ontario government of $25 million or more.
Figures reported in CAD were converted to USD using the Bank of Canada average rate of exchange for 2024: 0.7302
Figures reported in Brazilian Real were converted to USD using the conversion rate: 1 Brl= 0.2USD (XE)
Figures reported in South African Rand were converted to USD using conversion rate: 1 Rn=0.061USD (XE)
Taxes paid to Ontario includes both mining and corporate income taxes
Where companies do not record or disaggregate sales revenues for Ontario operations, sales revenues are estimated based on stated, segmented annual production for Ontario mines, multiplied by the annual average stated ore price.
** Compass provides no segmented information about its Ontario operation. Calculation is based on sales revenue for its salt segment which is predominantly but not entirely based on Ontario Production and therefore overestimates sales revenue.
Chart: Broadbent Institute