Kestrel Economics · Bulletin Beta

Weekly briefing

Kestrel Bulletin

See what happened last week and what to expect this week from mining regulators. Every week we provide insights on topical issues, publish changes to the permit families we are monitoring, and update our calibration record.

26 Oct 2026publication date
153applications waiting on a decision
6entered coverage this week
about 38decisions expected within 13 weeks

This week’s forecasts

6 files entered coverage on Friday 23 October 2026

153 Ontario exploration permits are waiting on a decision in all. The ones below are those first forecast this week; the others carry ranges published in earlier weeks, and each is graded against its own first range. Every range is an 80% credible interval: the model puts an eight-in-ten chance on the decision being posted to the register between the earliest and latest dates shown. The middle date is the one the model thinks the decision is as likely to come before as after.

Permit Registry clock Applied Range from 23 Oct 2026 Earliest Middle Latest
026-1073 Running 16 Oct 2026 28 Nov 2026 6 Jan 2027 14 Sep 2031
026-1074 Running 16 Oct 2026 29 Nov 2026 6 Jan 2027 15 Aug 2030
026-1091 Running 21 Oct 2026 2 Dec 2026 9 Jan 2027 7 Dec 2029
026-1079 Running 19 Oct 2026 2 Dec 2026 12 Jan 2027 29 Mar 2029
026-1104 Running 22 Oct 2026 4 Dec 2026 16 Jan 2027 18 Jan 2030
026-1103 Running 22 Oct 2026 6 Dec 2026 12 Feb 2027 21 Feb 2033

The permit number links to the file’s notice on the public register. Running means the registry’s clock is running on the file; stopped means the registry has put it on hold. A held file is one the registry has stopped the clock on. In this permit type that is almost always consultation with an Indigenous nation. Kestrel forecasts the timing consequence of a hold and says nothing about the adequacy or the course of any consultation. The bars share one scale, drawn as a square root of days so a short range and a range of years both stay readable.

6 New applications posted to the registry since last Friday
5 Coming out of public comment comment period closes 24 Oct 2026 to 30 Oct 2026
52 Waiting on a decision, not on hold up 8.3% from 48 last week
82 On hold no change from 82 last week

Counts are as Kestrel observed them on Friday 23 October 2026, compared with the Friday before. A file on hold is one the registry has stopped the clock on, almost always to consult an Indigenous nation; it is counted apart because its timing differs. Plans that never reach the registry are not counted. The two waiting cards do not add up to the 153 applications waiting on a decision at the top of the page, because the forecasts also cover files still in their public comment period.

Decisions that landed last week

PermitOutcomeDecidedRange first publishedResult
026-0888 Approved 16 Oct 2026 11 Oct 2026 to 10 Aug 2032 Inside
026-0778 Approved 21 Oct 2026 4 Sep 2026 to 27 Aug 2032 Inside
026-0918 Approved 22 Oct 2026 16 Oct 2026 to 9 Jan 2029 Inside
026-0929 Approved 22 Oct 2026 15 Oct 2026 to 17 Jan 2027 Inside

Each is graded against the first range published for it. The full list is on the calibration record.

Holds placed or lifted

No hold was placed or lifted between 17 Oct 2026 and 23 Oct 2026.

Special topics

No special topic this week.

Published Mondays, noon Toronto time Kestrel EconomicsBULLETIN