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An anonymous reader quotes a report from The Guardian The amount of energy required to mine one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum and similar projects is more similar to real mining than anyone intended.
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Figures showing the importance of copper in the mining industry are furnished, as are data on the by-products of copper mining; gold, silver and molybdenum. In addition, historical' compilations are included for leach copper, average grade of ore produced, percent copper recovered, open pit mine stripping ratios, and employment and earnings.
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There are very few copper projects in the world today that would make any money at $2 copper. The cash cost is almost $1.60/lb on a worldwide average, and then when you put in your sustaining costs and your all-in costs, you're over $2/lb. So very few mining operations would be making money at $2 copper in today's world. This one would.
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Aug 20, 2014The PFS Technical Report indicates a C1 cash cost/lb. of copper (Cu) ("life of mine" or LOM) of $0.76 (net of all byproduct credits) and a C1 cash cost/lb. of copper-equivalent (CuEq.) LOM of $1.64. Duluth believes that the PFS Technical Report confirms that the TMM Project has
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Jun 28, 2014While the cost of mining is easily and conveniently packaged into a cover-all $1,100/ounce figure, the devastating toll it has on the environment can often be overlooked. At an average cost of
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Initial capital cost, including contingency, is $1.2 billion. Life-of-mine average mine-site cash costs are $0.75/lb, though optimisation could reduce this figure during the first phase to $0.61/lb. Openpit mining is set to start in 2018. Yes, it's a fairly expensive build, but
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During the first 10 years of operations Los Azules is anticipated to be the world's 25th largest copper producer and a lowest cost quartile producer. Los Azules is one of the world's largest undeveloped high-grade open pit copper projects, which contains significant growth potential.
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at the end of this news release. C1 cash costs are net of magnetite iron and gold by-product credits and selling costs. 3. These are alternative performance measures; please see "Alternative Performance Measures" at the end of this news release. 1 November 26, 2018 . Capstone Mining Releases Positive Technical Report and
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Rising copper prices put the lowest-cost mining companies in the position to thrive in the coming years. Wood Mackenzie believes that copper needs to average about $3.30 per pound to
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Average unit net cash costs (net of by-product credits) for the North America copper mines are expected to approximate $1.86 per pound of copper for the year 2019, based on achievement of current sales volume and cost estimates and assuming an average molybdenum price of $12.00 per pound.
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Apr 29, 2019C1 cash cost per pound of copper produced for Q1 2019 was US$1.77, which is 9.7% lower than Q1 2018 of US$1.96. C1 cash cost was positively impacted by the cost associated with stripping in excess of the average life of mine strip ratio. This excess stripping cost in the period was treated as capital expenditures as required under IFRS. The overall
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Aug 15, 2019 Cash costs during Q2 2019 were $1.74/lb of payable copper, lower than the cash costs of $1.77/lb of payable copper in Q4 2018 and Q2 2018 ($1.88/lb). The decrease against Q2 2018 was primarily as result of lower mining, processing and maintenance costs.
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Oct 25, 2012Cost of mining coal continues to climb on average by around 9 percent per year since 2005," the International Energy Agency said in its most recent coal market report.
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Traditionally, cash cost reporting, introduced in 1996, has focused only on the mining and processing costs incurred. The new guidance focuses on costs incurred in the complete mining lifecycle from exploration to closure. Page 3 All-in sustaining and all-in costs
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The mining industry spends very little on research and development productivity declined by an average of 27.5% from 2009 to 2012. If we remove the Illinois Basin, the only area to see productivity the company was able to reduce the controllable cash cost by US$2.7b in the 2013 financial year. To enhance higher return on investment
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COLORADO SPRINGS, Aug. 06, 2019-- Gold Resource Corporation reported production results for the second quarter ended June 30, 2019 of 9,559 ounces.
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Capstone Mining Corp. (Capstone) (TSX CS) today provided its operating and capital expenditure guidance for 2017 along with a five-year outlook. In 2017, Capstone expects to produce 94,000 tonnes (5%) of copper from its Pinto Valley, Cozamin and Minto mines at a C1 cash cost (1,2) of $1.60 to $1.70 per pound of payable copper produced.
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Average C1 cash costs, net of by product credits, are approximately US$1.74 per pound of copper, for the first ten years starting in 2020, and US$1.87 per pound of copper over the life of mine. Total operating unit costs are estimated to be US$9.92 per tonne milled, which includes mining costs of US$2.10 per tonne mined and processing costs of
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the potential for payment of base or supplemental dividends in the future, potential production profile on a copper equivalent basis, projected consensus EV/EBITDA NTM, consensus free cash flow yield, production guidance, sales guidance, cost guidance, capital expenditures guidance, estimated profit and estimated EBITDA and the sensitivity of
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At average reserve grades of 0.92 percent copper and 0.76 grams per tonne of gold, 80,000 metric tons of ore per day is expected to equate to production of 500 million pounds of copper and 560,000
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With quarterly cash-cost figures cataloged for all the major gold stocks trading in North America since 2001, we are able to calculate average annual cash costs. And with the average annual gold price thrown into the mix we are able to calculate gross margins.
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3.2 Effective Tax Rate vs. Contribution of Mining to GDP for 24 International Mining Jurisdictions 119 4.1 Cumulative NPV Using $1.05 per Pound Copper 175 4.2 Cumulative NPV Using Cyclical Copper Pricing 177 5.1 Correlation between Mineral Royalties and Effective Tax Rates in South Africa 222 5.2 Employee Numbers, Tonnes Milled, and Average
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Minsur at a glance 3 Leading Peruvian mining company with 35 years of continuous operations Largest supplier of tin in the Western Hemisphere Owner of San Rafael, the world's largest and richest tin mine Worlds single largest tin deposits Pitinga mine* Diversification through a highly profitable small scale gold mine Pucamarca, and a large copper deposit, Mina Justa
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Jun 05, 2019C1 Cash Cost (net of by-product credits) of US$ 1.36/lb for first 8 years of operation; US$ 1.58/lb for LOM Average Life of Mine Cash Costs. Vizcachitas is one of the largest, advanced copper projects in the Americas not held by a major mining company. Los Andes Copper Ltd. is listed on the TSX-V under the ticker LA.
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Net Direct Cash Cost (C1) represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to market, less net by-product credits (if any). The M1 margin is defined as metal price received minus C1. Direct Cash Costs cover Mining, ore
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Mar 14, 2016The entrance to America's deepest mine shaft sits on a plateau high above the Arizona desert, about an hour east of Phoenix. Tucked against the base of a ridge of steep cliffs, it looks
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This statistic illustrates the price for high-grade copper on the London Metal Exchange from 2000 to 2018. (in U.S. dollars cash per Barrick Gold's average realized copper price per pound
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AME estimates the average cash cost (after credits) of production in 2012 was US$1.45/lb of payable copper, and that this was the peak year for average on-site mining, ore processing, and administration and support costs at US$1.93/lb.
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Copper Mining Nation Still Churning Out A Profit The maiden costs report identified an average cash cost of $1.625 per pound copper produced for Chile's mining sector during the second
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User rating 4.5/5Oct 25, 2018The average realized copper price fell to $2.50 a pound from $3.06 in the same period last year. The all-in production cost per ounce of gold fell 1 percent to $927 in the quarter.
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