Emphasis on mine-site gold exploration

ANALYSIS of the data compiled in SNL Metals & Mining’s profiles of the world’s top 20 gold producers reveals that the major gold miners have significantly shifted their exploration focus over the past decade. The profiles form part of SNL’s Strategies for Gold Reserves Replacement study series of reports.

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Mining needs innovation from others

By Adrian Hale, Dassault Systèmes director of natural resources, Asia Pacific South

AS mining company profits continue to be pressured by the uncertainty that remains in the global economy, the industry is on a quest for innovation. The mining industry tends to be slow in adopting new technology, but given the state of the industry – change is paramount in order to survive.

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Gold mining costs decline

DESPITE the gradual recovery of gold prices, during the first quarter of 2016 most gold producers continued efforts to reduce all-in sustaining costs (AISC). Major producers also gained an added advantage due to strengthening of the US dollar against local currencies and lower global fuel prices.

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