In recent years the uptick in the price of precious metals has reinforced their reputation as a store of value and leading drivers of mining activity around the world.

The awards are named after two iconic entrepreneurs in the mining industry, Eira Thomas and the late Peter Munk.

As the world transitions away from fossil fuels to electrified transportation systems and energy networks, new deposits of the minerals required for a low-carbon future will need to be discovered and developed.

With gold prices approaching $2,000 per oz., gold exploration and mine development remain important drivers for many mining companies.