Tag: Mining sector

  • Gold mining.

    Reading Time: 6 minutes Gold mining involves the extraction of gold from various sources, initially focusing on alluvial deposits using manual methods like gold panning. Over time, the industry has evolved, incorporating complex processes such as pit mining and gold cyanidation for ores not on the surface. Large corporations dominated gold mining in the 20th…

  • 20% in gold and 80% in silver, I anticipate greater potential for silver in the future.

    Reading Time: 5 minutes Drawing from various sources, it’s evident that silver stands on the brink of significant growth, potentially surpassing gold in the future. Here’s a synthesis of the key insights supporting this perspective: While it’s true that silver has experienced a significant price decrease compared to four decades ago, whether this indicates undervaluation…

  • Where is the largest gold mine in North America?

    Reading Time: 2 minutes The Goldstrike, located in northeast Nevada, stands as North America’s largest gold mine, encompassing the Betze-Post-Screamer open-pit, along with the Meikle and Rodeo underground mines. Owned and operated by Barrick Gold, the world’s largest gold mining company, Goldstrike yields gold in microscopically fine grains, boasting an average grade of 0.1 ounces…

  • On the 13th of February, 2024, there was a collapse at a gold mine in Erzincan, Turkey, resulting in an unspecified number of victims.

    Reading Time: < 1 minute A landslide struck the Copler gold mine near the town of Ilic in Turkey’s Erzincan province on Tuesday, trapping at least nine workers underground, according to officials. Video footage depicted a torrent of mud sweeping through the valley where the Anagold Mining-operated mine is situated. Interior Minister Ali Yerlikaya stated…

  • A gallery collapse at an artisanal gold mining site in western Mali has resulted in the death of over 70 people

    Reading Time: < 1 minute Witnesses describe the moment when the earth began to tremble, concluding search operations with the discovery of 73 bodies. The Ministry of Mines had previously confirmed the death of several gold prospectors in a statement released on Tuesday, expressing condolences to the grieving families and urging strict adherence to safety…

  • Saudi Arabia Unveils Major Gold Discoveries, Aims for Mining Expansion.

    Reading Time: 2 minutes Saudi Arabia recently unveiled a substantial gold find within the Kingdom, located around 100 kilometers south of the operational Mansourah Massarah gold mine in Al Khurmah governorate, Makkah region. The Saudi Arabian Mining Company (Maaden) reported multiple gold deposits, signaling a potential expansion in gold mining within the region. This discovery…