Superlatives in gold mining
Stories and facts about gold have always fascinated investors.
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For example, there is the highest gold mine in the world. It is the La Rinconada mine, located at 5,100 meters in Peru. The Grasberg mine in Indonesia has the world's largest gold deposit; it mines gold and copper. It is also one of the largest and deepest gold mines on earth. The largest known gold enrichment in the world is in South Africa, in the Witwatersrand area. Gold and uranium exist there. The Witwatersrand Basin is about 52,000 square kilometers in size. Here, too, mines reach down to a depth of 4,000 meters. One company with several mines in the Witwatersrand Basin is Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ . The company produces not only gold, but also platinum and palladium, and is now also focusing on battery metals. Sibanye-Stillwater is active in South Africa and in North and South America.
The Muruntau mine in Uzbekistan is considered the largest open pit mine in terms of area. It is said to have more than 71 million ounces of gold reserves. The mine was discovered in 1958 and has been mined since 1969. Looking at the cost side, there are also big differences in how much has to be invested to produce one ounce of gold. Often the cost is between $750 and $1,000 per ounce of gold, but some are much less expensive. These are mainly gold mines in Russia. In addition to gold grades, mining conditions such as infrastructure and climatic conditions, as well as mining laws in the respective country, the development of a gold mine costs a lot of money. This is where not only royalty companies help, but also financing companies such as Queen's Road Capital Investment - https://www.commodity-tv.com/ondemand/companies/profil/queens-road-capital-investment-ltd/ . The mine operators receive financing with attractive conditions. And Queen's Road Capital Investment earns money in the process. Ultimately, the shareholders of Queen's Road Capital Investment profit with convertible bonds.
Latest corporate information and press releases from Queen's Road Capital Investment (https://www.resource-capital.ch/en/companies/queens-road-capital-investment-ltd/ ) and Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ ).
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