Canada has fantastic opportunities for gold prospecting! Many parts of the country are vast and relatively unexplored, meaning there is a very high likelihood that there are undiscovered gold deposits that are yet to be found. Some of the largest gold mines in the world are located in Canada. Both placer and lode deposits are mined here, and some exceptionally large gold nuggets and specimens have also been unearthed. Millions of dollars’ worth of gold are being mined in Canada every year.