Mining emissions

Just recently, one of the largest gold refiners announced it will stop working with mines if they miss CO2 targets. MKS PAMP SA, for example, plans to cut emissions coming from its supply chain by 27.5 percent before the end of the decade. In practice, this means the Swiss-based company will have to reject gold from mines if they produce too much carbon dioxide. In gold’s carbon footprint, extraction is responsible for the lion’s share. As calculated by S & P Global, mining companies produced nearly one ton of carbon dioxide in emissions per ounce of gold mined in 2019. Worldwide, the industry is responsible for about 0.2 percent of global emissions.

You can see how important the avoidance of harmful emissions is today and how much focus is being placed on this in a wide variety of industries. The goal is to replace as many fossil fuels as possible with wind and solar energy in an environmentally friendly way. In the meantime, solar power is even cheaper than production using conventional fuels. Solar energy costs around 20 percent less and is therefore not only sustainable but also absolutely competitive. A significant expansion of solar energy will above all fuel silver consumption. This should offer enormous opportunities for higher silver prices. The beneficiaries will then be the companies that have silver in their mining projects. For example, Vizsla Silver or Discovery Silver.

Vizsla Silver – https://www.youtube.com/watch?v=tAZP4Xrc-0M – owns the Panuco project in Mexico, which is scoring with high-grade drill results.

Discovery Silver – https://www.youtube.com/watch?v=tAZP4Xrc-0M – plans to complete a pre-feasibility study for its flagship Cordero project in Chihuahua later this year.

Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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