The UN's International Seabed Authority (ISA) is working on global rules covering sea bed mining, which is not allowed until the regulations are finalised.

Fiore owns the producing Pan open-pit heap leach gold mine in Nevada.

There is currently a solid global project pipeline, due to the rise in cobalt prices and the expected demand boom amidst battery manufacturing projects, Fitch writes.

“Most of the big deals are done,” says Haywood Securities mining analyst.

Not all that glitters is gold. Sometimes it’s silver, platinum, or palladium.