A new independent economic impact study by Economic Development Regina (EDR) confirms that The Mosaic Company is one of Saskatchewan’s most significant economic contributors – generating nearly $2B in economic activity every year, supporting thousands of jobs, and delivering substantial public revenues and community investment across the province.

Covering the period from 2020 to 2024, the analysis shows Mosaic’s Saskatchewan operations generate an average of $1.9B annually in total economic output, add $880M to provincial GDP, and support approximately 8,400 jobs each year – or one out of every 50 jobs in Saskatchewan.

“This study puts numbers to what Regina and Saskatchewan communities already know: potash wealth doesn’t stay in the ground – it moves through pay cheques, tax bases, and community organizations,” said John Bailey, CEO for EDR. “Mosaic’s long-term presence here isn’t just an economic footnote, it’s a foundation.”

According to the study, Mosaic’s annual contribution is equivalent to generating more than $1,540 per Saskatchewan resident every year, while annual investment averages more than $1,100 per person in the province. Put another way, the annual economic impact created could build three Mosaic Stadiums and three Children’s Hospitals in Saskatchewan every year (based on past costs to build each facility).

Operational spending alone generated $1.3B in gross output in 2024, supported 5,523 jobs, and produced more than $536M in labour income, underscoring Mosaic’s role as a major provider of high-quality employment and household income that circulates through local economies.

Over the five-year study period, Mosaic invested $6.9B directly into Saskatchewan, created $9.7B in total economic activity, and contributed $4.4B to provincial GDP.

The analysis also highlights Mosaic’s importance to public finances at every level of government. On average each year, Mosaic’s operations generate approximately:

$760M in provincial revenues, supporting public services and infrastructure
$260M in federal revenues
$131M in municipal revenues for communities including Regina, Esterhazy, Belle Plaine, and Colonsay

Beyond government revenues, Mosaic invested $27M in community initiatives between 2020 and 2024, supporting more than 250+ community organizations, alongside employee donations and volunteerism totaling another $1M.

Because of its scale, Mosaic’s investment and operational decisions have a meaningful influence on Saskatchewan’s broader economic stability, particularly in rural and resource-based communities. Capital spending alone supported nearly $490M in output and more than 2,000 contractor jobs in 2024, with municipal revenues especially tied to these investments.

“A head office isn’t just an address. It’s where decisions get made, leaders are embedded in the community, and where long-term investment stays local,” said Bailey. “Mosaic keeping that presence in downtown Regina matters – for employment, for civic leadership, and for ensuring the value generated in this province doesn’t just pass through it.”

Mosaic is the only Regina-based potash company in the province and one of only seven private sector head offices.

“Having a major Regina presence means we’re here, we’re listening, and we’re part of the community,” said Marnel Jones, Director of Government & Public Affairs for The Mosaic Company. “It keeps us close to Saskatchewan workers, suppliers, Indigenous partners, and governments – and it helps make sure the benefits from potash stay in Saskatchewan.”

The report emphasizes that focusing on a single measure – such as taxes and royalties alone – misses the broader reality of how resource development benefits Saskatchewan. Mosaic’s economic footprint includes direct employment, supply chain activity, household income, government revenue, and community investment – creating a diversified and resilient contribution to the provincial economy.

“This report puts hard numbers to an industry that underpins Saskatchewan’s economic firepower,” said Jones. “Potash supports good jobs, local businesses, and strong communities. This province gets real value from its potash resources, and we’re proud of the work our employees have done over the past 60 years – and the work still ahead.”

With an annual economic impact larger than the GDP of several small nations, Mosaic remains one of Saskatchewan’s most important private-sector anchors and a key contributor to the province.

View the Mosaic Economic Executive Summary and Infographic here