Sustainability in gold mining
In the gold industry, too, the focus on environmental protection is increasing. Sustainability is in demand. CO2 emissions are reduced
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Whereas sustainability in mining used to be mainly about the operating permit and relations with the local population, the situation is different today. Leaching gold without cyanide is part of technological progress.
Recycling is also part of the topic. Here you have to know that there are about 190,000 tons of above-ground gold on the market. Most of it is in the jewelry sector. The gold industry consumes about 4,000 to 4,500 tons of gold per year. But how much is recycled? In the period from 2000 to 2011 a total of about 1,400 tonnes of gold came back onto the market. This was a lot, because the price of gold was high.
Recycled gold, whether from jewellery or dental gold, is highly refined again to a fineness of 999.9 and can thus be used again and again. Investors can thus acquire recycled gold in an environmentally friendly way.
However, since recycled gold lags far behind demand, a large amount is needed from the gold mines every year. Gold companies that own the precious metal are for example Bluestone Resources or US Gold.
Bluestone Resources owns 100 percent of the Cerro Blanco gold project in Guatemala and the Mita geothermal project: https://www.commodity-tv.com/play/bluestone-resources-drilling-new-veins-project-financing-coming-soon/. In the first three years, 146,000 ounces of gold should be produced annually. The total cost is low at 579 euros per troy ounce of gold.
US Gold has promising projects in its portfolio in Nevada (Keystone, Gold Bar North, Maggie Creek) and Wyoming (Copper King Project): https://www.commodity-tv.com/play/us-gold-acquisition-of-maggie-creek-pfs-for-keyhole-copper-deposit-in-2020/.
Recent corporate news and press releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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