May 17, 2020

INFOGRAPHIC: Who Controls the World's Supply of Silver

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Mine site
Infographic
Silver
Admin
1 min
INFOGRAPHIC: Who Controls the World's Supply of Silver
Who doesnt love silver?The chemical element (Ag), which is a soft, white, lustrous transition metal, possesses the highest electrical conductivity of an...

Who doesn’t love silver?

The chemical element (Ag), which is a soft, white, lustrous transition metal, possesses the highest electrical conductivity of any element and the highest thermal conductivity and reflectivity of any metal. Plus, it makes for great jewelry.  Despite the many uses for silver, the metal is extremely difficult to find.

• [INFOGRAPHIC] How-To: Test for Counterfeit Gold and Silver

• [VIDEO] The History and Process of Silver Mining

According to VisualCapitalist, silver is typically mined as a byproduct in polymetallic deposits with a variety of metals. These deposits can form in many different ways and silver occurs in many different types of deposits.

The following infographic exhibits where most of the world’s silver comes from. 

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May 17, 2021

Newmont acquires Canada’s GT Gold in $325mn deal

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GT Gold
Gold
Copper
2 min
Newmont has purchased the remaining 85.1% common shares of Canada’s GT Gold to complete its buy out Gold in a deal worth $325mn

Newmont, the world’s biggest gold miner, has acquired Canada’s GT Gold in a deal worth $325mn. The gold giant now controls the Tatogga gold-copper project in the Traditional Territory of the Tahltan Nation.

GT Gold

“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” commented Newmont President and CEO Tom Palmer.

“We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with Indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the Company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”

Newmont

Newmont

Newmont’s acquisition includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future significant gold and copper annual production. There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. A world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The American miner is celebrating its 100th anniversary this month.

Gold

With gold prices on the rise, the last six months has seen gold industry M&A activity accelerating. A recent Mckinsey report, advises that the industry need to be mindful of mistakes made during the previous gold price boom, when growth was chased unidirectionally by several companies.

 

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