The EY Top 10 business risks and opportunities — 2021 finds that the pandemic has affected each commodity differently depending on demand, stockpiles and the virus’s impact on supply, heightening many existing risks but also creating new opportunities. License to operate is ranked as the top risk, along with high-impact risks (2) and productivity and rising costs (3).
“Mining and metals companies have handled the impact of this ongoing disruption extremely well,” says Jeff Swinoga, EY Canada Mining & Metals Co-Leader. “They’re maintaining a strong focus on health and safety, enhancing governance and change management practices, collaborating with various stakeholders and building more efficient operations. Continuing this success moving forward will require flexibility, resiliency and agility.”
Special section – Q&A with industry CEOs
Judy Kuzenko, President & CEO at Torex Gold Resources Inc., talks about the importance of fostering a strong workplace culture that can withstand any crisis, deliver on long-term goals and build a socially responsible organization.
Mark Bristow, President & CEO at Barrick Gold, explores current challenges and opportunities facing the mining sector, license to operate and building resiliency in the era of COVID‑19.