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By Jake Gibson

"As one of the most pressing and important political debates of this century, climate change has captured global attention and is forcing governments to take action toward decreasing greenhouse gas (GHG) and carbon emission levels below what was previously thought to be necessary. With the ever-increasing price of diesel fuel, accompanied by the popular topic of carbon taxes and greenhouse gas emissions, the mining industry is looking to industry specialists for assistance. The benefits of a no-idle policy reach far beyond carbon reduction and fuel savings, ranging from decreased maintenance to increased engine life. With products like battery-powered ac systems and diesel-fired heaters, going noidle is easier today than ever before. With both systems being manufactured to withstand the harsh environments of the mining industry, the end user will see a seamless change from conventional, inefficient belt-driven systems to future, standalone mobile equipment HVAC.The history of GHGs and climate changeIn 1896, Svante Arrhenius first claimed that the combustion of fossil fuels may eventually result in enhanced global warming, but not until 1955 did Gilbert Plass draw global attention to global warming by summarizing that adding carbon dioxide to the atmosphere would intercept infrared radiation and thus warm the earth. Then in the early 1960s, Charles Keeling developed modern technology to produce concentration curves for atmospheric CO2 (Fig.1).In 1988, the Intergovernmental Panel on Climate Change (IPCC) was founded by the United Nations after acknowledgment of a rising global annual temperature. The IPCC consists of more than 2,500 scientific and technical experts from more than 60 countries. Because climate change could not be solved by a single country, the Kyoto Protocol was negotiated in 1998, requiring all participating countries to reduce their GHG emissions by at least 5 percent from the 1990 levels. The Protocol was signed by 186 countries in 2001 (since then several countries have retreated from the agreement, including the United States). In 2002, the Bush administration announced a policy for climate change relying on domestic, voluntary actions to reduce the "greenhouse gas intensity" of the United States economy by 18 percent by 2012. The U.S. still attends the Kyoto conference of parties (COPs) but does not participate in negotiations, as it is not bound by its terms."

Jan 1, 2014

By J. Gibson

"INTRODUCTION As one of the most pressing and important political debates of this century, climate change has captured global attention and is forcing governments to take action towards decreasing GHG and carbon emission levels below what was previously thought to be necessary. With the ever-increasing price of diesel fuel accompanied by the popular topic of carbon taxes and greenhouse gas emissions, the mining industry is looking to industry specialists for assistance. The benefits of a no-idle policy reach far beyond carbon reduction and fuel savings, ranging from decreased maintenance to increased engine life. With products like battery powered A/C systems and diesel-fired heaters, going no-idle is easier today than ever before. With both systems being manufactured to withstand the harsh environments of the mining industry, the end user will see a seamless change from conventional, inefficient belt-driven systems to future, stand-alone mobile equipment HVAC. THE HISTORY OF GHGS AND CLIMATE CHANGE In 1896 Svante Arrhenius first claimed that the combustion of fossil fuels may eventually result in enhanced global warming, but not until 1955 did Gilbert Plass draw global attention to global warming by summarizing that adding carbon dioxide to the atmosphere would intercept infrared radiation and thus warm the earth. Then in the early 1960’s Charles Keeling developed modern technology to produce concentration curves for atmospheric CO2 (Figure 1). In 1988 the Intergovernmental Panel on Climate Change (IPCC) was founded by the United Nations after acknowledgement of a rising global annual temperature. The IPCC consists of over 2500 scientific and technical experts from more than 60 countries, and because climate change could not be solved by a single country, the Kyoto Protocol was negotiated in 1998 requiring all participating countries to reduce their GHG emissions by at least 5% from the 1990 levels. The Protocol was signed by 186 countries in 2001 (since then several countries have retreated from the agreement, including the United States)."

Jan 1, 2015

By Frederic E. Carter

THE history of all the civilizations of the Eastern Hemisphere is underlaid and interwoven with the story of gold. Great nations rose, welded by the hand of the conqueror, flourished gloriously because of the wealth of gold inevitably attracted to them, only to fall, either through the sapping of their original virility by the softer living their material prosperity made possible, or by wars made upon them by enemies who craved possession of what was theirs. Imposing fleets sailed the seas, seeking gold or tangible wealth that might be converted into gold. Men suffered untold tortures in its quest. It sent Columbus out into unknown oceans, caused the migration of hordes of people from our Atlantic to our Pacific seaboard in '49 and accelerated the final subjection of our last frontier, probably by as much as a century. The mystic may see both something sinister and something beneficent in this metal that has played such a tremendous part in the shaping of the destinies of men. It has showered blessings and taken them away. It "hath deposed the mighty from their seats and hath exalted men of low degree" and, sardonically, reversed the order yet again. Its peculiar color, its incorruptibility, and its rarity all have contributed to excite the imagination of all races of men. In the Eastern Hemisphere and now in the entire modern world, the predominant emotion excited by gold is avarice. But in the social and economic organization of the civilizations native to the western half of the world, gold has a far different history. Before the advent of the white man, these sun-worshipping peoples saw in the permanently

Jan 1, 1953

By Richard J. Stoehr

Man has mined in all his time on earth about 3 billion ounces of gold. About one-half of this has been mined in the past 35 years. This gold is roughly in 3 large holdings: one-third held as reserves in Central Banks; one-third held as personal reserves; and one-third is in jewelry or other fabricated products. The world per capita availability of mined gold is increasing and there are many factors and forces shaping gold's future. Currently, gold has a favorable exchange ratio and this is encouraging many new gold-mining developments. Production is increasing and new techniques are surfacing. The use of gold in the financial markets is increasing in some unique ways and gold is again fulfilling its role as a universal money, making gold's future predictable. Currently, man is mining gold at the rate of approximately 44 million ounces annually and is therefore adding to the total supply of gold approximately 1.5% of newly mined gold each year. This current production plays a small role in the pricing mechanisms since a very large part of the 3 billion ounces mined in all of history is available to the market in one form or another.

Jan 1, 1984

By Michael R. Cartwright

The Gold Acres outcrop was located by Lee Lakin in 1922, according to Mr. H. W. Treweek. There was no activity, however, until 1935, when prospect drifts and pits penetrated the deposit. It was then drilled by the Willow Creek Mining Company. Beginning in the late 1930s and continuing to the late 1940s more than 150 churn drill holes were drilled in the Gold Acres area. From this drilling came what is now known as the London Extension pit. Only oxidized ore amenable to cyanide vat leaching was mined during this time. Our records indicated that this period of mining removed some 1.4 Mt (1.5 million st) of ore at an average grade of 0.006 kg/ t (0.2 oz per st). Union Pacific and Newmont Mining Company worked in the area prior to acquisition by the Cortez Joint Venture. Union Pacific drilled a number of core holes in the area. The unoxidized nature of the ore, small tonnage, and low grade undoubtedly prevented mining at this time. From these indications of mineralization shown by previous companies, the Cortez Joint Venture developed and mined 2 Mt (2.4 million st) at 0.005 kg/t (0.15 oz per st) in the Gold Acres pit. This pit is located immediately southwest of the older London Extension pit. Cortez Gold Mines has continued to drill to the west and south of these pits along the downdip continuation of the former ore bodies. The downdip extension is unoxidized and more metallurgically difficult than the normal Carlin type ores, but, more than 2.4 Mt (2.7 million st) have been outlined. It depends now upon the gold price and milling costs to turn this mineralized area into an ore body. A possible lesson to be learned from this deposit is that continued mining success depends upon an ongoing adequately funded exploration-development-metallurgical research program. These three disciplines must always be present to locate the mineralization and to turn this mineralization into ore. [ ]

Jan 1, 1985

By Michael M. Kimberley

Gold is sufficiently valuable that concentrations as small as 1 p.p.m. may support low-cost mining. Mindful of this, Sunoco Energy Development Company (Sunedco) obtained fire-assay analyses on some sulfide-rich sandstone encountered during routine drilling. Initial fire-assay values from independent laboratories indicated some significant gold values and independent analysis by atomic-absorption spectroscopy also indicated detectable gold at economically interesting concentrations. Sunoco geologists realized the potential for spurious results inherent in both fire assaying and atomic-absorption spectroscopy. Fire assaying that relies on gold measurement by weight requires perfect separation of gold from all other elements, Imperfect separation may artificially enhance apparent gold concentrations. Atomic-absorption-spectroscopy (AAS) measurements are potentially subject to interferences from other elements. For example, Beamish and Van Loon (1977, p.4) report AAS measurements of 4 p.p.m. Au to be characteristic of completely barren soil samples when samples are prepared by standard dissolution in HC1 to form solutions of about 10,000 p.p.m. total cations (mostly Na, Ca, Mg, Al, and Fe) .

Jan 1, 1981

By Charles White Merrill

Money is one of the most .pervasive elements in human life. The compensation for a workman's daily efforts is expressed as a wage and is measured in money. What an individual may consume depends largely on his income which also is expressed in terms of money. If he would start an enterprise its size would be determined in large part by the amount of money available for capitalization and its success would be measured in net income expressed in money. In short, the most widely used common denominator for comparing merchandise, real property, jobs, enterprises, gross national product, or personal success is money. Despite this use of money by almost everyone past infancy to express his appraisal of the in- numerable values he sees around himself, the complexity of the device called money makes its nature and workings a mystery to most users. Some of the difficulty in understanding money results from the fact that it has three distinct but interrelated functions: (1) a medium of exchange, (2) a unit of account, and (3) a store of value. In many statements about money the discussion moves from one function of money to another without the speaker or the listener recognizing the changes. For example, the housewife says "We took the money we had saved up to make the down payment and after twelve monthly payments the television will be ours." When this housewife spoke of "saving up the down payment" she referred to money in its function as a store of value; when she spoke of "the down payment" she was using money as a medium of exchange; and when she referred to the "monthly payments" she spoke of money as a unit of account. Another cause of confusion in understanding money is its paradoxical nature in that it represents both the power to produce and the power to consume. For example, when the rich uncle dies one nephew may regard his inheritance as an opportunity to buy a farm and leave the ranks of the wage earners to become an independent producer, whereas the other nephew may regard his portion as the means of living in complete leisure as a pure consumer.

Jan 1, 1959

By Charles White Merrill

Money is one of the most pervasive elements in human life. The compensation for a workman's daily efforts is expressed as a wage and is measured in money. What an individual may consume depends largely on his income which also is expressed in terms of money. If he would start an enterprise its size would be determined in large part by the amount of money available for capitalization and its success would be measured in net income expressed in money. In short, the most widely used common de- nominator for comparing merchandise, real property, jobs, enterprises, gross national product, or personal success is money. Despite this use of money by almost everyone past infancy to express his appraisal of the innumerable values he sees around himself, the complexity of the device called money makes its nature and workings a mystery to most users. Some of the difficulty in understanding money results from the fact that it has three distinct but interrelated functions: (1) a medium of exchange, (2) a unit of account, and (3) a store of value. In many statements about money the discussion moves from one function of money to another without the speaker or the listener recognizing the changes. For example, the housewife says "We took the money we had saved up to make the down payment and after twelve monthly payments the television will be ours." When this housewife spoke of "saving up the down payment" she referred to money in its function as a store of value; when she spoke of "the down payment" she was using money as a medium of exchange; and when she referred to the "monthly payments" she spoke of money as a unit of account. Another cause of confusion in understanding money is its paradoxical nature in that it represents both the power to produce and the power to consume. For example, when the rich uncle dies one nephew may regard his inheritance as an opportunity to buy a farm and leave the ranks of the wage earners to become an independent producer, whereas the other nephew may regard his portion as the means of living in complete leisure as a pure consumer.

Jan 1, 1964

By Hans von Michaelis

There has been a renaissance in gold and silver extraction and recovery that has taken place over the last fifteen years, since the price of gold was freed from the $3510~ level. Despite major advances in such areas as carbon adsorption processes for gold recovery, refractory gold ore treatment, crushing and grinding, process control, etc., there still remain several gold and silver mineral processing frontiers. Frontiers related to environmental management present significant challenges especially in the USA. More than ever it is appropriate to optimize total economics by adopting a "systems approach" that integrates mining, mineral processing and environmental management.

Jan 1, 1993

By M. W. BERNEWITZ

AUSTRALIANS and New Zealanders, whose countries have respectively yielded gold to the value of £666,000,000 and £96,000,000, are taking full advantage of the current high prices for that metal. There is a marked activity in ordinary prospecting, geophysical exploration, further development of working mines and reopening of old properties, formation of new companies, installation of new equipment and processes, and expansion of operations generally. Australian gold production last year was approximately double the quantity of 1929 and its value three times as great, 1929 being the low of recent years. The 1933 production was about 821,000 oz. From New Zealand, 165,000 oz. was exported last year. Papua and New Guinea contributed slightly over 100,000 oz. What the future price of gold will be nobody knows, but, even if it returns to the former level, Australian producers are almost sure of 110 shillings an ounce until 1940 through the Commonwealth Government's Gold Bounty Act, at present temporarily and necessarily suspended from operation.

Jan 1, 1934

By James R. Finlay

SOMETIMES the American Institute of Mining and Metallurgical Engineers appears to be a strictly technical society, and if so my paper should deal with the technical operations of finding and producing gold. But I have not been engaged in practical gold mining since 1910. What I have been doing mainly for the last 25 years is to try to figure out what the income of a mine-gold, or any other-would be worth to an investor. So I have been in contact with gold mining, in one way or another, for some 42 years. I say that with a purpose. In that time the industry has been through one of its cycles. The value of gold mines is very dif¬ferent at different points in one of these cycles. For this reason the cycle of gold mining is a highly practical study. The cycle of gold is a more or less rhythmical change in its value or purchasing power measured in the grand average of other commodities, which is the same thing as its price. Taking the price of gold in 1897 as a stand¬ard, a dollar at that time declined to 55c. in 1913, to 26.8c. in 1920, and since then it has risen to 47.4c. in 1930 and to about 64c. in 1932. It is worth about 21/ times as much now as it was in 1920, but less than two¬thirds as much as in 1897. When this change is applied to the value of a gold mine still greater differences are evident. The cost of producing gold is of course measured in labor and other commodities, and as that cost goes down the margin of profit measured in the gold itself increases. Thus a mine which might make only 10 per cent profit in 1920 on its gross output may easily make 25 per cent now. The stockholder gets 2 ½ times more gold that is worth 2 1/2 times as much in purchasing power, therefore the real value of his holding has risen by the one factor multiplied by the other, giving him 61/4 times as much goods or services as he had in 1920.

Jan 1, 1933

By Paul Gilmour

"The principal role of the geologist is to recognize the existence of phenomena before trying to explain them" - B.M. Keilau, 1825; A. Holmes, 1965 Some important groups of mineral deposits in the layered rocks of orogenic belts or greenstone belts occur in horizons characterized by the presence of exceptional amounts of silica, iron and carbon, with more or less significant amounts of manganese. Generally, the rocks involved are well banded. In practice, these five physical features - four compositional and one geometric - are found with many lithological guises. Iron formation, in the full, modern sense of the term (James, 1954), quartzite, ferruginous quartzite, chert, jasper, "tetsusekiei" (Horikoshi, 1969), tuffaceous jasper ("purple porphyry" - Anderson and Creasey, 1958, p. 36), ferruginous or graphitic shale, argillite, slate or schist, and hematitic tuff are but a few of the more familiar of the names that have been assigned to these rocks. Widely acknowledged and well-documented examples of metallic deposits found in such sediments include concentrations of iron and manganese and stratabound, polymetallic, massive pyritic sulfides. Less familiar examples include occurrences of asbestos (Miles, 1953; and Coetzee, et al., 1976), antimony (Coetzee, 1976), and perhaps stratabound deposits of Au-Cu-U-W-etc., such as Aitik in Sweden (Mining Magazine, 1975; and Nilsson, 1979) and Olympic Dam in South Australia (Roberts and Hudson, 1983). The case of gold is intriguing. An association between gold and iron formation has been identified at several famous deposits and districts, such as Yellowknife, N.W.T. (Morton, 1979), Homestake, S. Dak. (Sawkins and Rye, 1974), Vubachikwe, Zimbabwe (Fripp, 1976) and the Barberton district, R.S.A. (Hammerbeck, 1976). Yet a critical reading reveals the existence of many other hitherto unsuspected examples. The purpose of this note is to draw attention to that omission and the apparent explanation for it. It is not hard to detect the two most probable reasons for the discrepancy between reality and the record.Most occurrences of gold are associated, not with the familiar banded iron formation or interbedded magnetite and chert (technically, the magnetite-banded variety of the oxide facies), but with the enigmatic carbonate, sulfide and silicate facies of iron formation and/or with rocks evidently related to iron formation. All too commonly, the unfamiliar facies of iron formation have been identified by field and mine geologists and not a few researchers as products of regional metamorphism and hydrothermal alteration, as mafic igneous rocks, or as conventional sediments, ie., without regard to their intrinsically ferruginous nature. The justification for these two complementary assertions is largely to be found in the recognition of a characteristic suite of metals and minerals in gold deposits known to be associated with iron formations. Although, from a geological standpoint, a lithological association is more important than a mineralogical assemblage, the latter is the more likely of the two to be diagnostic. This arises from the different natures of mineral and rock classifications, The identification of a mineral or an element is a matter of fact. Owing to the genetic component inseparable from petrographic nomenclature, viz., "igneous": a rock (believed to have been) derived from a melt, the identification of rocks depends on inferences or conclusions about their mode of formation - conclusions that are commonly debatable and, all too often, involve subjective judgements. This is especially prone to be true, if - as at many of the gold occurrences in question - the host rocks have been metamorphosed and/or "altered". In the notes that follow greater weight has accordingly been assigned to elemental and mineralogical than to host rock composition. In other words, if, in a given gold occurrence, the suite of metals and minerals present conforms to the standards of the subject class, whereas the names assigned to host rocks do not, the latter will be viewed as suspect.

Jan 1, 1985

By Aparup Chattopadhyay, Barun K. Gorain

"Porphyry copper deposits are the most important source of copper and also gold within the orogenic belts. These deposits are characterized by low grade copper ore (0.2% to 1% copper) and host precious metals like gold, silver and platinum. A characterization tool has been developed for complex porphyry type copper-gold deposits with an aim to quantify copper and precious metal deportment. This quantification is a challenging task due to low grades and also due to the presence of both visible and invisible precious metal content in different sulphide and non-sulphide phases. Studies were initiated on various complex ore deposits and also on samples representing various processing streams such as flotation and leach products. This paper presents the development of a systematic approach to diagnostic metallurgy using state-of-the-art optical and automated mineralogy, micro-probe, dynamic SIMS and TOF-SIMS analysis for quantification of invisible and visible precious metals content in various species. The relevance of this characterization to metallurgy will also be briefly discussed in this paper.INTRODUCTIONA novel characterization tool has been developed for double refractory gold ores and complex copper-gold ores using state-of-the-art technology for quantitative gold and copper deportment study. The characterization of these ores is a challenging task due to low copper and gold grades in ores, presence of both primary and secondary copper sulphide phases and variable proportion of visible and invisible gold in different sulphides phases (pyrite, chalcopyrite, chalcocite and bornite) and iron oxide phases (magnetite, hematite and goethite). A study was initiated on various ore deposits and also on samples representing various processing streams of pilot plant batches such as flotation concentrates and tailings. This paper attempts to discuss the deportment characterization methodology through presenting results from investigations on four samples from a flotation circuit viz, Feed, Final concentrate, Cleaner Scavenger Tail and Rougher Tail samples. These four samples represent the key streams for a typical copper-gold flotation flow sheet. The key objective of this investigation was to identify and quantify visible and invisible gold along with understanding the morphology and liberation of gold associated with various sulphides, Fe- Oxides and non-sulphide gangue species. In addition, the aim of this study was also to relate this mineralogical and gold deportment information to metallurgical performance."

Jan 1, 2013

By Gordon Smith

ABSTRACT Gold-bearing quartz veins in the northeastern Ontario and north western Quebec mining camps are shown to have been mineralized in part by epithermal solutions. The vertical gradient of pressure during this stage of mineralization is calculated, using decrepitation temperatures of quartz and thermoelectric potentials of pyrite. The base of the Cobalt sediments, which lie uncomformably over part of the mining region, may be taken as datum level in calculating the depth of erosion into the basement below that level. The vertical extent of the epithermal gold mineralizaiton in this region is at least 9,000 feet below the datum level. INTRODUCTION IT WOULD have been difficult a few years ago to convince economic geologists that after making a series of measurements in a laboratory in Toronto, the depth of erosion which has taken place below the base of the Cobalt sediments at any place in the Ontario-Quebec mining region can be calculated to the neare.st 500 feet, or that the same series of measurements would also serve to allow a prediction of the minimum vertical depth of probable ore in a producing mine in the same region, with the same degree of certainty. Possibly it is just as difficult today, but the following description of the data and calculations may help to demonstrate the reliability of the method.

Jan 1, 1951

By E. S. Moore

GOLD was discovered previous to the year 1900 on the east shore of Emerald lake, Afton township, Timagami Forest Reserve. It was found in a small cavern in banded iron formation, close to the water's edge. This occurrence of gold was mentioned in several reports that referred briefly to this area, and prospectors evinced considerable interest in the region. It was not, however, until the Golden Rose Mining Company, which was incorporated in 1909, started operations that much work was done on the property. In 1915-16, this Company, under the direction of E. J. Townsend, the President, did a considerable amount of work. A small mill was built and ore was extracted from pits, trenches, and a one~ hundred-foot shaft. In 1927, Afton Mines, Limited, was incorporated to take over the property, and about thirty men were employed for a time. During 1934, the New Golden Rose Mining Company was organized to handle the property, and the Consolidated Mining and Smelting Company of Canada, Limited, undertook to develop the mine. In March of the following year, this Company began deepening the shaft from 100 feet to 500 feet. A considerable amount of drilling had previously been done on the hill of iron formation in which the mine is located. Further drilling was done from the surface, and altogether about twelve holes have been put down to test the formations. Over 2,000 feet of drilling has also been done from the underground workings. The mine is now known officially as the New Golden Rose mine, although to many it is better known as the Afton. To reach the property during the summer months, there is a boat trip of about thirty miles from Timagami, a wagon-road portage of one mile to Obabika lake, a boat trip of ten miles on this lake, and finally a wagon-road portage of one and one-quarter miles to Emerald lake. The mine lies about three-quarters of a mile down the east shore of the lake. A 75 h.p. Diesel engine and compressor were taken in over this' route last summer, and it is evident that the transportation problem is quite a serious one. Airplanes have been much in use, and a winter road runs from the mine to Chudleigh, on the .Canadian National railway near Sudbury.

Jan 1, 1936

By W. D. Sinclair

"Between 1934 and 1956, nearly 31 million grams of gold were produced in the Matachewan area from deposits on properties belonging to Young-Davidson Mines Limited and Matachewan Consolidated Mines Limited. In 1979, production from these properties was renewed by Pamour Porcupine Mines Limited.Most of the gold produced has come from relatively lowgrade deposits (3.4 gl t or less) that occur in an east-trending belt of dykes and irregular bodies of trachytic syenite. Although small by comparison, these deposits have some of the characteristics of porphyry copper-molybdenum deposits. The mineralized syenite contains up to 5 per cent disseminated pyrite and is highly fractured and cut by quartz and quartzcarbonate veinlets. Gold occurs as native gold along fractures, in quartz veinlets and as minute inclusions in pyrite. Minor chalcopyrite and trace amounts of scheelite, molybdenite and galena are also present. Mineralization was accompanied by potassic alteration, consisting mainly of potassium feldspar.Some gold was also produced from small, but higher-grade, deposits in volcanic rocks. These deposits occur near the syenite-hosted deposits and consist of quartz veins and stringers mineralized .with pyrite and gold. Minor gold is present in some low-grade, porphyry-type copper-molybdenum occurrences and, locally, in large, isolated quartz veins.Lead isotope analyses suggest that the gold deposits were formed at about 2700 Ma and were locally remobilized at approximately 2400 Ma, following the Kenoran orogeny. The deposits appear to be genetically related to felsic magmas emplaced in an epizonal environment and deposited from hydrothermal solutions relatively concentrated in S and K20."

Jan 1, 1982

By H. R. Bullis

"Abstract- This paper discusses what appears to be a flaw in the current belief, widely held within the gold mining industry and investment community, that the creation of ever-larger gold mining companies is desirable for mining companies and investors alike. The basis of the flaw is in the underlying assumption that very large gold producers can discover or acquire new gold deposits of the size necessary to replace extracted reserves on a year-on-year basis over the intermediate to long term (i.e., five to ten years and longer). As it will be noted in this paper, deposits of the size required to replace annual production of very large gold producers (VLGPs) are relatively few in number. Although discoveries of new gold deposits continue to be made, they are predominantly in the 0.5 to 2.0 million ounce range. Data represented here suggest that, although gold production from individual VLGPs continues to increase, the change is due to merging or acquiring other companies or projects with similar reserve life profiles. Therefore, the reserve life profiles of VLGPs have remained flat or have decreased.The paper will note recent changes in the industry and the remarkable increase in gold production reported by individual mining companies over the past several years. It will provide an overview of the geographical and geological distribution of known gold deposits and the range of deposit sizes. Finally, the paper will discuss the challenges that face large gold producers in replenishing their reserves that are being depleted at an ever-increasing rate. Unless otherwise stated, all production and reserve data have been taken from company documents in the public domain or publicly available information."

Jan 1, 2001

By W. J. Pennstrom, J. R. Arnold

Gold Fields installed what was the mining industry's first commercial gold electrowinning/replate circuit at Ortiz in 1981. Its highly successful operation since that time provided the design basis for a similar circuit at Mesquite, which was started in early 1986. These circuits produce plated gold foil suitable for direct shipment to a refinery or melting directly into bars. Detailed descriptions of the electro- winning and replate circuits are given and advantages and disadvantages are discussed.

Jan 1, 1988

By D. Gaboury

Most hydrothermal gold deposits contain quartz with fluid inclusions that record composition and temperature of the mineralizing event. Quartz has strong chemical and mechanical resistances to weathering and abrasion. Hence, quartz fragments occurring on weathered surfaces or in till cover have the potential to be used for gold exploration as far as we know what is the signification of the volatile content of the fluid inclusions for gold mineralization. In this perspective, fluid inclusions were analyzed in pure quartz by solid-probe mass spectrometry from gold deposits hosted in the Archean Abitibi (Canada) and Paleoproterozoic Birimian (Western Africa) belts. This approach provides the relative abundance of volatiles from families of fluid inclusions decrepitating at specific temperatures (Td). Fluids in gold deposits are aqueous-dominated with CO2 and minor H2S in accordance with their fundamental role as gold-ligands (H2S) and for pH-buffering (CO2) of the gold-bisulfide solubility. However, there is no correlation between CO2 and H2S contents of fluid inclusions with the gold grade of the samples. This suggests that trapped fluids represent a marginal portion of the fluid history recorded by the veins. However, in barren quartz veins away from known mineralization CO2 or H2S are commonly absent. Wide ranges in H2O Td from 250 to 450°C and CO2-H2O Td offsets are common, indicating phase separation. The content of other volatiles seems to be more dependent on the geological setting. Helium content may suggest proximity to a crustal-rooted fault, a critical parameter for gold mineralization. Methane and especially C2H6 appear to be indicative of fluid buffering by organic-rich material such as graphitic-shale. These rocks may provide an important primary gold reservoir from sedimentary metal-rich pyrite. Nitrogen-bearing fluids may be related to a magmatic component but can also be derived from organic-rich sedimentary rocks. For gold exploration, quartz containing CO2- H2S-bearing fluid inclusions and having H2O-CO2-Td offsets within 250 - 450°C has strong vectoring potential.

Jan 1, 2011

By Harold D. Stevenson, Gerald G. Carlson

The Flow-Through Shares Program was set up by the Canadian Federal Government in 1978. While initial annual expenditures in flow-through shares was small, recognition of flow-through as a significant tax advantage combined with exploration successes, particularly in the gold sector, soon resulted in the majority of exploration dollars raised in Canada utilizing the flow-through share mechanism. What Are Flow-Through Shares As many exploration companies are non-taxable, they are not in a position to benefit from the tax deductions arising out of their exploration activities. Flow-through financing provides a mechanism for the exploration company to transfer these deductions to an investor. In addition to the deductions which an investor can apply against his personal income, the investor receives common shares in the exploration company (flow-through shares). To add to the attraction, the Federal government provides a 33 1/3 percent mark-up on qualifying expenses incurred by the exploration company, giving the investor a deduction of up to $1.33 for every $1.00 invested. By providing the investor with tax deductions in addition to the flow-through shares, flow through shares can often be sold at a premium to market which makes-the mechanism attractive to the exploration company as well. These shares are often sold through private placements and therefore have to be held for one year. The tax cost of the share is deemed to be ril, so the entire proceeds on disposal are

Jan 1, 1987