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The life cycle of a gold mine

A lot of time passes from the search for mineral deposits to the closure of a mine


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Air and ground surveys are usually the first step. In one of the best gold mining countries, British Columbia, for example, this is done by the BC Geological Survey. Often, historical data is included in the explorations. British Columbia was once a colony and became a Canadian province in 1871. In addition to more detailed surveys and diamond drilling, environmental concerns are investigated. In advanced exploration, bulk sampling is usually the method of choice.

The results obtained are used to estimate mineral reserves and prepare feasibility studies that provide information on technical, economic and legal feasibility. The permitting process then includes environmental assessment. Then comes the construction of the mine, including buildings and infrastructure, then production. At the same time, progressive reclamation already begins. At the end of the mine life is the closure of the mine, site-specific conditions for closure and reclamation play a role. Sometimes closed mines are reopened if, for example, raw material prices change or technological progress changes something about the economic viability of the project.

Skeena Resources -, for example, is active in the province of British Columbia, which is attractive for gold prospectors. There, in the so-called Golden Triangle, the company is working to revive the formerly producing Eskay Creek and Snip gold mines. Diamond drilling on Eskay Creek recently yielded about 5.68 grams of gold and 38 grams of silver per ton of rock.

CanaGold - - is also present in British Columbia, for example with the high-grade New Polaris gold project, for which an updated economic pre-feasibility study is available. In addition, CanaGold is pursuing further projects in the gold sector.

Current corporate information and press releases from Skeena Resources (
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 

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