Nevada tops Fraser survey as Ontario, Saskatchewan rise

Fraser Institute survey rankings that place Nevada at the top (with Canadian provinces like Ontario and Saskatchewan rising) are a constructive signal for North American mine permitting/attractiveness. For gold developers and producers, improved jurisdictional scores can lower perceived political/regulatory risk, tighten discount rates, and support equity multiples and project financing. Net: mildly supportive backdrop for North American gold supply growth and M&A optionality, though not an immediate spot-price catalyst. Watch for follow-through in capex allocation toward top-ranked jurisdictions.