A review of capital raisings between February 2020 and February 2021 found that of the $2.9 billion raised for gold projects in 41 countries, 75% went to projects in just five countries, Mining Intelligence says.
The indicated resources total 22.6 million tonnes at 1.34 g/t gold, for 975,000 oz., with inferred resources of 6 million tonnes grading 0.92 g/t gold.
Mining profits reach $230 billion a year, topped only by oil & gas, pharma; Lithium prices continue to soar – up 88% in 2021; Massive new port could give Vale back iron ore crown.