Mining is increasingly automated
Mining is cost-intensive and not without risks for those involved. Here, new technical achievements lead to more efficient performance, less downtime and greater operational reliability. Gold mining giant Barrick Gold, for example, is in favour of bringing the miners more to the surface. Barrick Gold's goal for the future is the complete digitization of mining operations.
Autonomous vehicles and machines are therefore increasingly being used. Autonomous load tractors, semi-automatic crushers and crushers as well as automated tunnel boring systems already exist. The maintenance of trucks, some of which are already driverless, can be simplified. Even the expensive ventilation of a mine can be automated.
A particularly good candidate for increasing optimization is Canada, where mining is capital-intensive because it is well equipped and good wages are paid. There will be a lot more to be done in all phases of raw material extraction in the coming years. In addition, the government in Canada supports innovation projects. The optimization of production processes serves competitiveness and ultimately also benefits investors.
In Canada, Quebec, Maple Gold Mines' Douay gold project - https://www.commodity-tv.net/c/search_adv/?v=298484 - is located in a region that is not only one of the best gold areas, but also offers competitive tax incentives for mining companies. The tax rate is among the lowest in North America. The nearly 340 square kilometre project hosts several high grade gold occurrences and occasionally even visible gold in quartz veins.
Mining conditions are also excellent in the north-western territories of Canada. Here TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=298857 - operates on its Yellowknife City gold project, which covers more than 780 square kilometres. Located in the gold-rich Yellowstone Greenstone belt, the project is located in the area where the Con and Giant high-grade gold mines were previously located.
Current corporate information and news releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html) and TerraX Mineralshttps://www.resource-capital.ch/en/companies/terrax-minerals-inc.html).
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