Forget the gold price, copper was most profitable covid-19 trade
Investing in top copper mining stocks during the covid-19 meltdown handily beat returns on gold majors – FCX surged 92% in four months.
Investing in top copper mining stocks during the covid-19 meltdown handily beat returns on gold majors – FCX surged 92% in four months.
In the first phase of the program, a reverse circulation rig will test multi-kilometre anomalies discovered last year at the East Keno area.
"It’s likely that miners will need to boost investment in local communities for some time as the full impact of covid-19 continues to play out."
Global scrap trade flows have dropped significantly over the past two years as China has closed the import door.
Local groups are seeking a total of 5 billion pounds ($6.33 billion) for the collapse of the Fundão Dam.
The resource includes 539,000 indicated tonnes grading 14 g/t, containing 244,000 gold oz., as well as 942,000 inferred tonnes, at 13.3 g/t gold, for a further 402,000 oz. of gold.
Company has added 230 sq. km of land holdings, or 422 claims, to its Troilus project in the province’s Frotet-Evans greenstone belt.
In Q2 2020, mining companies reached a production value of $7.5 billion, 9% higher than Q1.
A technical report estimates that the project area contains 7.4 million tonnes of iron ore.
The drill program is designed to test the strike and depth continuity of high-grade feeder structures and bulk-tonnage, breccia-hosted targets.