Aura Minerals shares gain as miner ups gold reserves nearly 24%
The Central and South America-focused company says it added 2.4 million oz. gold, or 21%, to measured and indicated resources over the 2022 statement.
The Central and South America-focused company says it added 2.4 million oz. gold, or 21%, to measured and indicated resources over the 2022 statement.
The almost $1.2bn Salares Norte mine faced some unique challenges, including relocating a handful of endangered rodents, rocketing costs and technical delays.
There’s an inherent conflict between the way mining investments are valued and environmental social and governance principles, Silver says.
The miner plans to increase production at its Grota do Cirilo project to 520,000 tonnes per year.
Disappointment over demand has coincided with a period of relatively abundant supply.
The company has cut nearly two-thirds of its lithium production cost.
Following one of the most challenging periods for miners in Chile in years, the country’s industry is finally picking up.
While plummeting spot TC/RCs – from $90+ to $3 – are behind the (already fizzling) rally, copper’s long term supply problems are also firmly back in focus.
Last June, the commodity trading giant made its first investment in the critical minerals explorer.
With gold forging deeper into record territory, interest in gold stocks is mounting.