RE: June presentation on website15 Jun 2022 11:41
There's a guy on CEY BB called goldgnome who's always worth reading. This is an extract from something he posted earlier.
'The gold mining industry will need more mergers and partnerships to dig up harder-to-access (deeper, more difficult jurisdictions) deposits in an environmentally friendly way, according to the head of the world’s biggest producer.
“We are seeing fewer and fewer large-scale and transformative gold discoveries,” Newmont Corp. Chief Executive Officer Tom Palmer told an industry conference in Toronto on Tuesday. “Instead, we are seeing lower grades and more-difficult-to-reach ounces.” THE IMPORTANT INFERENCE ABOUT LOWER GRADE, IS THAT THE NEWMONTS WILL NEED LARGER OREBODIES TO CONTAIN THE SAME OUNCES. LARGER OREBODIES MEANS LARGER AND MORE COMPLEX GEO-METALLURGY, WHICH IS AN AREA OF GREAT NEGLECT BY THE MINING FRATERNITY, AND WHERE THE DEVIL IS IN THE DETAIL.
To tap those ounces while assuring the industry addresses “critical sustainability issues” will require access to capital and agility, Palmer said at the Prospectors & Developers Association of Canada gathering.
“There are only a few gold mining companies who have the capacity to deliver on all of these elements: size, scale, mine life and access to capital — clearly making the case for further partnerships and consolidation within the gold mining industry,” he said.
Those who don’t understand such fundamentals “are doomed to be left behind,” Palmer said. “While gold will always exist, not all of us will without collaboration and consolidation.”
This was aimed at gold (of which we have bucket loads) mining, but it must be relevant to some of SOLG's deposits.
Many thanks goldgnome.