Search Documents

By Jan W. Merks

"The settlements between mines and smelters are based on the mass of metal contained in concentrate lots. The mass of contained metal is a function of the wet mass of a lot, and its moisture content and metal grade while the variance of the mass of contained metal is a function of the same variables and their variances. Uncertainties in the measurement procedure applied to estimate each variable are quantified in terms of precision and bias. The absence of bias and an acceptable degree of precision are the keys to effective risk analysis and loss control.ISO Technical Committee 183-Copper, Lead and Zinc Sulfide Concentrates, has developed standard methods for sampling and weighing, estimating precision and testing for bias, the determination of mass loss on drying, the calculation of the mass of contained metal and its variance, and various analytical methods for major and minor metals. The variance for wet mass is calculated from the precision of the scale while the total variances of moisture and grade are estimated from pairs of interpenetrating primary samples. The variance of contained metal can be calculated either from mine data or from smelter data but the risk associated with the settlement is largely determined by the absence or presence of bias and the variance of differences between exchange assays.ISO/TC 183 does not deal with precision and bias for exchange assays but is developing guidelines to determine realistic splitting limits. Given that the exchange of assays between mines and smelters accounts for a large part of the risk associated with the settlement, precision and bias for exchange assays should be measured and monitored. The need for umpire services can be reduced by applying statistical quality control (SQC).Calibrating static scales, moisture balances and analytical balances, bias testing of sampling methods and sample preparation procedures, estimating the variance of a single variable or the variance of a function that a set of variables defines, and monitoring precision and bias for exchange assays, are the quintessence of metrology, the science of measurement, when applied in mining and metallurgy."

Jan 1, 1995

By Huilan Yang, Feng He

This paper intends to introduce the development of copper smelting and converting technologies in China in recent years, with a particular emphasis on the introduction of various continuous converting technologies, and moreover, it analyzes the advantages and disadvantages of those technologies, including their impact on the downstream anode refining from different points of view. INTRODUCTION At present, many converting technologies are used in copper pyro-metallurgical plants in China, including Peirce-Smith (PS) converter, flash converting furnace, multi-lance based top blowing, bottom blowing and so on. These technologies have spanned a wide range of time. PS converter technology has been applied in copper smelters for many years and most of the blister copper have been produced by this technology; flash converting technology has been developed since 1990s and been maturely applied in several plants up until now; top blowing and bottom blowing technologies have been revived in China in the past decade and boast good environmental protection performance, energy efficiency, throughput capacity and short process flow. All of the said technologies have reference operations in treating high-grade matte. As more and more attention is paid to environmental protection globally and copper smelters continuously seek for cost reduction, it is necessary to share those converting technologies, especially those new converting technologies derived in China, with copper smelting practitioners in the world. This paper aims to analyze the advantages and disadvantages of various technologies from a macroscopic view and discuss their actual application effects, current developments and future improvements. BRIEF INTRODUCTION OF VARIOUS CONVERTING TECHNOLOGIES IN CHINA China has seen a rapid development in copper smelting industry in the past 30 years and has become the largest gathering place of copper smelters in the world, most of which are operating with PS converting furnace technology, however, with the increasingly strict environmental requirements of the Chinese government in recent years, the low-level pollution issue and the disadvantage of large gas exhaust amount per unit of copper of converting furnaces are particularly prominent.

Jan 1, 2019

By Jessica E. Heuchan

An industry survey has been conducted by the Queen's University Mining Engineering Department of 30 Canadian mining organizations to determine how effectively newly graduated mining engineers meet the needs of the industry. The principal objectives of the survey were to evaluate, and thus provide focus on change for, curricula being taught at Canadian mining engineering schools in service of the industry's needs; to provide feedback on current industry expectations; and to reinforce contacts with the industry as a means of providing future collaboration. A strong focus of the survey was placed upon industry's perception of the special attributes of engineering hires and applicability of student academic training to meet their industrial requirements. In providing this detailed summary of corporate responses, a clearer understanding of the mining industry's expectations of engineering training at Canadian colleges and universities has been gained.

May 1, 2003

By S. L. Aaroe

"TYRETHANE PRODUCTSTyrethane® is the family brand name which has been adopted by The W. S. Tyler Company of Canada, Limited to identify its polyurethane products. Since we have been manufacturing Woven Wire Cloth for over one hundred years and have been the innovator for most of the product improvements and developments of that industry, it is only natural that our first and primary efforts involve the use of Tyrethane® as a screening medium. The product is ideal for application in the mining industry and other operations where the rate of wear on existing media is exceptionally high.In the event that you have already had some experience with polyurethane it should be poirted cut that there are many grades of the material. The polyurethane used in Tyrethane® Products will be compounded in a variety of chemistries and different heat treatments will be used to develop best mechanical properties to handle specific applications. However Tyrethane® will not be a ""cure all"" but when it is properly applied as a screening medium it will assist by lowering the unit cost for screened materials.Prior to an explanation of the advantages of Tyrethane® let's review the conventional screening media whose applications may be considered as good candidates for replacement by Tyrethane®.1.,Woven Wire Cloth.2.,Perforated metal screens.3.,Rubber faced perforated metal screens.4.,Perforated rubber screens.5.,Cast steel screen segments and weldiments.6.,Profile wire.In most cases a Tyrethane® section is designed for a one for one replacement of the material now being used. It is rarely necessary to modify the screening equipment to enable you to install the Tyrethane® Product although it may be desirable to take some steps to improve the service life of hold down components such as Clamping Strips or Tension Members. Those parts can be encapsulated in polyurethane if necessary.To fabricate the Tyrethane® section we have three basic building blocks. They are: (1) Small molded segments having square or slotted openings, (2) Reinforcing material and (3) the raw liquid polyurethane."

Jan 1, 1976

By Concentrator Staff

"IntroductionA brief literature search will reveal that the information available concerning rod mills and ball mills is quite extensive. This type of equipment is used to treat every element from antimony to zinc. The size and capacity of individual mills, the number of units employed, and the configuration of the equipment within a concentrator add another dimension to the possible scope of this discussion. It would be impossible to treat this volume of material with any degree of thoroughness.It is the intention in this paper to describe the simplest and generally the most typical circuit wherein a single rod mill and ball mill operate in parallel. Some of the subject matter will not be entirely applicable to every installation. However the principles should be generally relevant to most applications.Typical Circuit DescriptionFigure 1 illustrates the arrangement of the equipment associated with a rod-ball mill circuit.Ore is extracted from a fine ore storage bin (1) the capacity of which is large enough to allow .continuous mill operation independently of the mine and crushing plant production schedules. A number of feeders (2) may be employed to control the flow of ore to one or more feeder conveyor belts (3). In larger tonnage operations several such conveyors are employed at least one of which will be equipped with a variable speed control to allow adjusting of the amount of feed reporting to the rod mill. A rod mill feed conveyor (4) accepts all of the ore from these feeder belts for ultimate transfer to the rod mill. This conveyor is normally equipped with a weightometer (5) to monitor the flow rate of ore to the rod mill and ultimately to allow control of this flow. Typically these conveyor belts would be equipped with feed deficiency switches which would give a remote alarm of the fact that no ore is present on the conveyor. The conveyor belts are protected by underspeed monitors which will provide a remote alarm and automatic shutdown of the conveyor in the C'.'~nt that belt slippage occurs. Finally the belts are protected by monitors which will alarm and shut down a belt if it is not running straight in the idlers."

Jan 1, 1989

By J. A. Meech, R. J. Tucker

"Since the establishment of froth flotation as an effective method of mineral beneficiation there has been both academic and industrial interest in the levels of the various reagents required to perform the desired separations. Academic interest was spurred by a desire to understand the mechanisms involved - industrial interest by a need to improve the efficiency of the process. These efficiency improvements can take two forms: cost reductions due to reduced reagent consumption and/or improved separation efficiencies. The latter are indicated by either improved grade-recovery relationships for removal of a valuable mineral from gangue, or improved separation of two similar valuable minerals.The processing of lower grade ore bodies at higher tonnage rates has necessitated increased interest in both reagent consumption and metal recovery. Furthermore, the development of accurate and functional on-stream analysis equipment in the 1960's and 1970's has allowed for a better understanding of the dynamic processes involved in a flotation circuit and has required a more concrete statement of the relationships and reactions between the minerals and chemicals in the flotation pulp. Development of these relationships is necessary in order to make use of on-stream analysis to control the process at, or near its more efficient level."

Jan 1, 1984

By M. G. Mena, M. S. Mena-Junio

Silver (Ag) filler is the most attractive choice among all the conductive fillers of die attach materials for the attachment of silicon devices because of its balanced properties and relatively low cost. However, a major problem of silver is that it electrochemically migrates in the presence of moisture and applied bias. In microelectronic devices, silver migration can occur between adjacent conductors/electrodes, which leads to the formation of dendrites and eventually results in short-circuit failure. In order to assess the reliability of these conductive fillers, an investigation for two types of Agfilled die attach materials was done using the water drop test at room temperature and using a 1000 hour temperature-humidity-bias (THB) test under 85 ºC and 85% RH conditions. Four different bias/voltages and six different electrode distance spacing were used. Both dendrite and cloud/lace-like growths were observed as a result of the electrochemical migration of silver, Water drop test results revealed that increasing the applied bias/voltage and decreasing electrode spacing causes migration to occur faster, thus resulting into shorter time to fail (TTF). It was also observed that the growth rate of the dendrites from the cathode increased linearly as the dendrite approached the anode, probably due to a combination of increased ion availability and electric field. A minimum applied bias of 3 volts was required for migration to occur in Epoxy A as compared to 2 volts for Epoxy C. The higher migration voltage requirement for Epoxy A was attributed to the higher volume resistivity of the said epoxy. In addition to the minimum voltage requirement, it was observed that a minimum electric field of about 1 volt/mm is required for migration to occur. The 1000 hour THB testing did not result into any failures. It is surmised that the presence of condensed moisture is another requirement for migration. Such condition is not present during the THB testing.

Jan 1, 2012

By H. S. Price, F. N. Kissell, R. C. McCulloch, J. C. Edwards

"The methane em1ss10n from deep coalbeds which are actively mined is a serious problem facing the mining industry today. Pinpointing the source of methane and predicting the emission of this gas from these coalbeds is necessary if preventive techniques are to be effectively used to control methane emission. In general, because most coalbeds have water associated with them, the system to be studied may be either single-phase (methane gas) or two-phase (methane and water). Because coal mine geometry is complex and the fluids have variable properties as functions of pressure and methane concentration, the differential equations describing the flow of methane and water are not amenable to analytic solution, but must be solved numerically using high-speed computers. This paper presents the development of such a complex mathematical model along with some preliminary applications of the model to methane emission from one- and two-dimensional coalbeds with and without water present."

Jan 1, 1973

By Sengpasith Houngaloune

Arsenic, which is a toxic and carcinogenic element, causes serious environmental problems throughout the world. It is also known as a major contaminant in the non-ferrous mining and extractive metallurgical industries, thus its disposal is one of the most important environmental issues for the mining and metallurgical industries. In order to ensure a safe disposal environment for the final wastes, stabilization of arsenic has been studied extensively with various approaches. Solidification/stabilization (S/S) represents one of the most effective methods to reduce the availability of arsenic in soil and waste by transforming toxic or potentially hazardous phases into less hazardous ones. Cement based S/S processes could reduce the solubility of arsenic in solid waste, using inorganic binders such as cement, lime, and pozzolanic materials. A new tailings management technique, called cemented paste backfill (CPB), has become widely employed for improving mining techniques and for tailing storage purpose and this technique could also enhance arsenic stabilization, by fixing the contaminants in the binder matrix. Disposal of arsenic in the form of scorodite (FeAsO4?2H2O) has been widely accepted as currently the most suitable method for stabilization and the safest known storage material. The Bio-scorodite process has been reported to be more economic and environmentally friendly method than the chemical crystallization processes. Retention of arsenic by schwertmannite (Fe8O8(OH)6SO4), a metastable ferric oxyhydroxy sulfate mineral, has gained more attention in the recent years. Schwertmannite has a large specific surface area and high capacity to adsorb arsenic in solution. Several researchers have reported that the transformation of schwertmannite to goethite could be retarded by the presence of adsorbed arsenic; therefore schwertmannite might be viable alternative for long-term storage of arsenic. In this paper, various approaches used in arsenic stabilization are reviewed with emphasis on the development in the recent years.

Aug 1, 2013

By Tim Martin, Dave Tahija

"In April, 2014, Hecla's Greens Creek mill, near Juneau, Alaska, switched from sulphuric acid to the use of dissolved carbon dioxide for lead flotation circuit pH control. The Greens Creek mine uses paste backfill, in which mill tailings are mixed with cement and used to fill mined areas. Some backfill inevitably becomes part of mill feed during subsequent mining cycles, resulting in high feed pH levels and increased dissolved calcium in the lead flotation circuit. Sulphuric acid is traditionally used to lower pH in such cases but it produces undesirable side effects, including poorer lead-zinc separation and unstable froth. The amount of sulphuric acid used at Greens Creek was limited due to these effects, resulting in higher than target pHs when feed backfill content was high. Dissolved carbon dioxide can be added without these limitations so pH levels have been under much better control since the switch. Additionally, lead-zinc separation and froth characteristics have significantly improved.IntroductionThe Greens Creek Mine, owned by Hecla Greens Creek Mining is an underground mine located on Admiralty Island near Juneau, Alaska, producing silver, gold, lead and zinc in the form of lead and zinc flotation concentrates and a gravity gold concentrate (McDonald, Morgen & Hancock, 2012). The lead and zinc concentrates are produced in conventional flotation circuits preceded by a graphite removal flotation step.The underground mine utilizes cemented paste backfill, of which a certain amount is inevitably re-mined in later mining cycles and returned to the mill, mixed with fresh ore. The Portland cement used in the paste backfill is highly basic so that, from the point of view of the mill, the net effect is to introduce a good deal of lime to run-of-mine mill feed, producing a very high natural pH. This high pH needs to be lowered to obtain good metallurgical results."

Jan 1, 2016

By J. Maheu

Heap leaching is an old technique for the recovery of copper, but a fairly new technique for the recovery of gold.The paper outlines the equipment required for the establishment of heap leaching test facilities and the procedure required to insure meaningful results. Sampling methods, the metal balance, carbon adsorption and stripping and safety procedures are discussed in broad outline.

Jan 1, 1982

By M. L. Joy

The heat pipe is a self-contained, passive structure that uses a liquid-vapour fluid cycle to provide high thermal conductance . Through the proper selection of working fluids and container materials, heat pipes have been operated at temperatures ranging from less than -300°F to more than 3,000 °F. The passive nature, high efficiency and configuration flexibility of the heat pipe are presented. The application of McDonnell Douglas Astronautics Company Cryo-Anchor® heat pipes for foundation and support stabilization in permafrost regions is discussed. Using the proven Cryo-Anchor technology base. a proposed application of heat pipes in a cold -region mine ventilation system heat recovery heat exchanger is presented. Information obtained from the development of an air-cooled heat pipe steam condenser provides the technical basis for large -scale heat pipe applications.

Jan 1, 1978

By J. J. McDougall

Until quite recently, the coal in the Cape Breton field was won from comparatively thick seams with light cover, and from submarine areas, and the system of mining naturally followed was pillar-and-stall. This sytem permitted of cheap extraction, and enabled production from localities where other methods could not be employed to good advantage. Thus the pillar-and-stall system, applied to conditions as stated, justified its adoption. Our working seams today, however, are practically all under heavy cover, or are moving in that direction, and with this gradual increase in cover came the increased cost of roadway maintenance. At Princess colliery, the system of pillar-and-stall was followed until roof and bottom conditions became such that further operations were unprofitable, and the longwall method was then adopted as an economic necessity. This fact should be borne in mind when operating costs of both systems are being compared. The longwall method is not held as a cure for all difficulties of heavy cover, but through it these difficulties can be overcome with less expense than by pillar-and-stall. The longwall system of mining, strictly speaking, is one by which a seam of coal is totally extracted in one operation. There are, however, many modifications of longwall, and in some cases it is difficult to determine whether certain practices should be classed as longwall or pillar-and-stall, or a combination of both.

Jan 1, 1928

By Deborah McCombe

"and Bill Roscoe, Consulting Geologist and Principal with Scott Wilson Roscoe Postle AssociatesMineral property valuations are carried out for a variety of reasons, such as mergers and acquisitions, non-arm’s length transactions, initial public offerings of stocks, support of audited financial statements, fairness opinions, determination of vendor considerations, litigation, expropriation, income tax matters and insurance claims.The CIMVal Committee was formed in 1999 to review and advise on approaches to the valuation of mineral properties. CIMVal is a special committee of CIM formed on the recommendation of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission.After solicitation of views and consultation with various interested parties, the CIMVal Draft Standards and Guidelines for Valuation of Mineral Properties were released for comment in February 2002 and were finalized in February 2003. CIMVal’s objective was for the standards to be used by the mining industry in general and to be adopted by Canadian securities regulators and Canadian stock exchanges. To that end, the standards contain many of the definitions and concepts of National Instrument 43-101, Standards of Disclosure for Mineral Projects, which came into force in February 2001.The intent of the CIMVal Standards and Guidelines is that mineral property valuations be carried out by appropriately qualified individuals and that all relevant information be fully disclosed. It consists of two parts: standards, which are mandatory in the valuation of mineral properties, and guidelines, which elaborate on the standards and provide guidance and recommendations for the valuation process and for reporting."

Jan 1, 2003

By Dave Bulled, Khiratt Husain

"The use of High Pressure Grinding Rolls is gaining significant interest as a replacement for SAG milling in the comminution of hard rock ores because of the potential for reduced costs in terms of energy and grinding ball consumption. Estimation of expected energy consumption for fullscale operations has conventionally involved the testing of a few fairly large samples in pilot scale HPGRs. This paper describes the development of a small-scale batch test method for determining a work index for HPGR of a large number of samples that can be used to show the variability of the ore as an integral part of a geometallurgical approach to circuit design and production forecasting.The test equipment that was developed comprises a hydraulic press with adjustable pressure operating on small batches of ore in a locked cycle test procedure. A work index measurement was determined that links the specific energy consumed in the test to the breakage achieved such that the index can be used to predict comminution energy requirements.The measurements were calibrated against laboratory scale HPGR equipment to develop a model for design and forecasting that includes crushers, HPGRs and ball mills in a complete comminution circuit.INTRODUCTIONEstimation of the expected energy consumption for full-scale HPGR operations has conventionally involved the testing of a few fairly large samples in laboratory and pilot scale machines (Danilkewich, 2006). With the financial input of five mining corporations, SGS Lakefield Research has developed a small scale test capable of providing relevant information on the variability of energy consumption and size reduction from drill core samples. It is our intention that the values measured in the test will be scaled up, through benchmark comparison with pilot sized and full sized HPGR units, to allow plant design and throughput forecast on a block by block basis of the mine plan using a new CEET program. CEET® (an acronym for Comminution Economic Evaluation Tool) is an advanced grinding design and performance predicting tool that uses energy relationships to model the performance of SAG / Ball mill circuits."

Jan 1, 2008

By K. Meyer

"The largest cost centres of the David Bell Mine concentrator are grinding, leaching and effluent treatment. Optimizing results during the 6th year of operation are listed below: o SAG mill slurry density control and operating strategies improved liner life and media consumption by 10 and 25%, respectively.o Poly-met liners clad the SAG mill except for the feed end. Lower noise levels and reduced mill downtime have resulted in an improved and more efficient workplace (time required for liner changes is 2 to 3%).o A comparative grinding media study using seven different marked media at the same time showed media wear rates range 120 to 198 mg/kWh and ball mill charge replacement frequencies of 8.3 to 13.1 per year, and that a meaningful wear test must include all media to be tested at the same time in the same mill. High quality carbon steel cylinders had the best economics.o Pre-aeration, using pure gaseous oxygen is accomplished in pipe reactors. Small bubble generators provide oxygen in the first three leach tanks. 1500 to 3000 kg of oxygen is consumed per day. Leach kinetics have improved and trends indicate increases in gold recovery of three to seven ounces per day at reduced costs. Effects of reduced cyanidation of accessory metals on the effluent treatment plant will be discussed in a separate paper."

Jan 1, 1991

By R. B. Hyde

"Severe drilling conditions and difficult mud problems are briefly out-lined as the major cost items in all production operations. The chief problems discussed are abnormal pressures, high temperature, trouble-some shales, and low rates of penetration. These problems have been eliminated or greatly reduced in many areas by• the proper application of recently developed drilling mud products and techniques. These severe problems and their solutions are discussed generally: the application of high-density weighting materials to overcome abnormal pressures; surfactant muds with sodium polyacrylate as a solution for deep and high-temperature drilling; shale control muds and new dispersants for severe shale problems; and low-solids emulsions and •extreme-pressure lubricants for greatly improved rates of penetration."

Jan 1, 1959

By Cecilia Arrue, Dominic Fragomeni, N. O. Lotter

"A statistically designed benchmark mill survey was carried out in July 2005 at the Kidd Creek Concentrator, D Division circuit, which processes Ni/Cu ore from the Montcalm deposit. A structured statistical survey approach was followed, together with defined quality controls, which would assign a 95 percent level of confidence in the result.A set of six surveys were completed over a limited time; the corresponding stream samples of the surveys found acceptable were combined to obtain high confidence composite samples. The head grade of each survey is compared to two distributions to test its acceptability; surveys that fail to conform to these trials are rejected. The accepted set of surveys, which is a robust representation of the process, is prepared into a composite for QEM-SEM analysis and mass balance purposes.Where the above practice is a standard procedure in Falconbridge for QEM*SEM purposes, in this case each individual two-hour survey unit was measured and analysed for a mass and value balance. It is shown that none of the individual mass and value balances close as well as the composite set of accepted two-hour survey units. This founding is in keeping with the averaging properties of the Central Limit Theorem.INTRODUCTIONMontcalm OperationsNi/Cu bearing ore from the Montcalm deposit is being processed at the Falconbridge, Kidd Creek Concentrator in a modified D Division circuit. The circuit was commissioned in the fall of 2004. Ore is crushed at the minesite to –19 mm and trucked to Kidd for delivey into the 4 parallel fine ore bins.Ore is milled in a rod mill followed by cyclones and 2 parallel ball mills. The grinding circuit treats Montcalm ore at an average feed rate of 100 wet tonnes/hour (750,000 tonnes/annum) and produces a flotation feed particle size of 83% -53 um. A simple flowsheet including bulk Cu/Ni roughing and 2 bulk cleaning stages followed by Cu/Ni separation in 2 stages is practiced. Soda ash is used as a pH modifier in bulk flotation. SIBX is the collector. Lime and Dextrin are added into Cu/Ni separation for the depression of pentlandite."

Jan 1, 2007

By I. I. Inculet, M. A. Bergougnou, J. D. Brown, R. M. Quigley, D. K. Faurschou

"Coal from Hat Creek, B. C., has been successfully beneficiated to remove ash while retaining calorific value by a dry electrostatic separation process using a fluidized bed for triboelectrification. Two samples of Hat Creek coal used in the beneficiation experiments have been characterized particularly with respect to their mineral and clay content. The calorific value recovery exceeds the simple dry coal recovery because of the heat lost in altering the clay minerals of the ash fraction during burning. Recoveries and ash contents of the beneficiated coal are comparable to recoveries by water washing, but the dry process avoids the potential water pollution problems.IntroductionProposals have been made which suggest an interim Canadian coal production target for the end of the century which will require a four- to fivefold increase over the 1977 production. This implies a nominal annual growth rate of about 6070 to achieve a production rate of 115 to 140 million tonnes/year. Whether or not this target is realistic, it is becoming increasingly evident that coal must be utilized more fully on a world-wide basis. The crisis in Iran has provided the latest stimulus to renewed interest in Canadian coals for domestic use and export.The emerging new era of coal utilization for fuel and chemical feedstock will not, however, generally tolerate the level of coal technology which prevailed prior to the availability of abundant cheap oil and natural gas. Economic, environmental and resource management considerations will necessitate, for example, the use of improved methods of beneficiating coal. Continued development and application of conventional processes, principally aqueous, involving heavy media and cyclones will solve many of the problems. However, less conventional processes may be preferable or necessary in certain applications."

Jan 1, 1980

By M. Doggett

All 231 Canadian primary gold mines that produced from 1946 to 2004 were analyzed with respect to their production and economic characteristics. Trend analysis revealed that the average annual capacity of Canadian gold mines, as measured by ore processed or gold produced, has increased over time. Conversely, the average grade of gold mines has decreased over time. The distribution of gold output is highly uneven: for example, the 22 giant mines producing more than 100 t (metric tonnes) of gold account for 62% of total output. Small mines producing less than 10 t Au account for 54% of total mines, but less than 4% of total gold. Each historical mine in the database was evaluated on the basis of a set of economic and technical assumptions to determine if it would be economic to develop today. Based on the net present value using an 8% discount rate, only 103 of the 231 mines were determined to be economic. About 80% of the uneconomic mines had less than 10 t of contained gold, and 63% had less than 5 t. It is concluded that these small mines would not be viable today due to a combination of real capital cost increases, and more stringent permitting and environmental regulations. The implication is that future gold supply in Canada will hinge on the discovery and development of a new generation of larger mines. Given that only one giant mine has been discovered in the past 20 years, it seems likely that gold output will decrease in the future.

Jan 1, 2007