According to Instituto Escolhas, there has been a seven-fold rise in deforestation caused by mining in the Amazon over the last seven years.

Despite headwinds created by rising interest rates, the strategic and tactical role of gold will likely remain relevant to investors during the second half of 2022, WGC says.

The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months, ramping up to 220,000 ounces the second year.

Michael Nowak, former managing director who ran the bank’s precious metals business, was once the most powerful person in the gold market.

Gold may struggle to recover in the near term unless momentum dissipates from the dollar, analyst said.

Gold and silver stocks have fallen in such a way that investors will rather understand why it is not worth taking a bullish stance on them.

The new resource estimate, which combines both in-pit constrained and underground resources, incorporates results of the 30,000-metre drill program recently completed on the Big Claim.