Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
In an updated prefeasibility study of its proposed KSM mega-mine, Seabridge Gold (TSX: SEA) makes major additions to the cost, size, and operating plan of its flagship project in northwestern B.C. Already one of the largest undeveloped copper-gold porphyry projects in the world, perhaps the most significant changes are reserves increasing by 8.5 million ounces gold and 3 billion pounds copper, much of which came from the newly defined Iron Cap zone.
