Canadian industry has launched several new mines this year. A development that echoes the surge in prices. Yellow gold has continued to break historic records in recent months.
This is not the Klondike, when prospectors from all over the world went to the Canadian Yukon at the turn of the 19th century.e and 20e centuries, but it is a new, more organized gold rush. Galvanized by the surge in prices, which broke historic records throughout 2024, reaching a high on October 30, at $2,788 per ounce, the Canadian mining industry has increased the inaugurations of gigantic gold mines open pit this year, like that of the Greenstone Gold Mine last August in the province of Ontario. It belongs to the Vancouver Equinox Gold group, owner of several mines in Brazil, the United States and Mexico.
Greenstone is expected to produce 400,000 ounces of gold, or 11.3 tons, per year during the first five years of its operation and 5 million ounces of the yellow metal in total during the fourteen years of its estimated life. Investments to carry out…
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