What mining managers worry about
250 global managers were asked how they see the coming year. Mining executives cite the three biggest risks as the operating permit, productivity and rising costs for 2021. Because environmental and geopolitical risks are increasing. In terms of safety and corporate responsibility, the pandemic has raised shareholders' expectations.
As in the previous year, the main risk mentioned was the operating permit. Productivity and rising costs have moved up from tenth place to third place as a risk. Volatility as a risk has moved up to eighth place in the list of mining risks. More than half of the respondents expect tax increases as a result of the pandemic. At the same time, Covid-19 has ensured that more creative solutions have been developed in terms of health, safety and commitment to local communities.
Mining is a global industry. Companies with experienced management and high-quality projects should be able to cope with the coming challenges. Companies specializing in gold projects should also be able to benefit from the expected high gold price. It is always a positive event when a new gold mine goes into production.
In the Yukon, Victoria Gold's Eagle Gold Mine is the newest and largest. Conventional open pit mining produced a good 35,000 ounces of gold in the third quarter of 2020. A nice success, after all, in pandemic times it is an additional challenge to successfully ramp up a mine.
In Nevada, Fiore produces gold on its Pan property. Operations were successfully resumed there in 2017. The nearby Gold Rock project also benefits financially.
Current company information and press releases from Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/) and Fiore Gold (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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