Gold mining’s new challenges: falling reserves depressed prices overvalued stocks insufficient discoveries rising costs
The gold industry has kept the Australian economy strong for the better part of the last century. Times have changed though with tight margins high costs and deeper deposits and a whole host of new challenges facing the gold mining sector. The modern age presents its own problems as companies struggle to adapt to new data-driven operations.
Julia Gartley a mineral process engineer at BBA Vancouver outlines what she sees as the five biggest challenges facing the mining sector today. Tailings pond management: Mount Polley and other
Project Underground a Berkeley-based organization lists 10 problems that gold mining faces globally. 1: Genocide Every major gold rush has meant death and devastation for local people at the
The reasons behind this skills shortage are well known but what concerns Gold Fields most on this topic is that the sector is facing significant demographic challenges as a significant proportion of its most skilled and experienced managers and technical specialists are becoming eligible for retirement – with no equivalent new cadre of younger workers to replace them.
The S and P Global Market Intelligence recently released a review of the gold mining industry and the outlook doesn’t look too good for the industry segment. Here are the highlights of some of the challenges that the industry is currently facing. Expanding Supply Will Depress Prices. It is predicted that the supply of gold is likely to grow rapidly.
But now more than ever gold mining companies are finding it increasingly difficult to do what they do best. The geopolitical regulatory inflationary and environmental hurdles are higher than ever. And the discovery shortfalls from the previous bear-market cycle have really hindered this industry’s growth prospects.