Corona disturbs many mining companies, but not all

As the analysis company S & P Global Market Intelligence has found, at least 275 mining companies worldwide have been affected.

The investigation spans 36 countries. Gold, copper and silver were particularly affected. At the end of June, 111 gold mines, 101 silver mines and 51 copper mines were affected, particularly in Latin America. Many mines had to be closed or operations shut down. Worldwide, however, suspended companies are restarting work in the mines because rules have been relaxed.

Some countries declared mining to be essential due to the economic dependence on industry. This was particularly the case in Latin America, Canada and South Africa. So for many there was no impact on exploration or production. At the moment there is a risk of regional corona outbreaks, which could cripple some mines for a certain period of time. Underground mines with sometimes narrow tunnels do not have it that easy, because it is naturally easier to keep them apart in an open pit mine.

In any case, there are gold and silver companies that have come through the pandemic quite well. Vizsla Resources –ösungen-und-aktienkursverdoplung/ – Around the end of May, exploration work on his Panuco silver project in Mexico was resumed. This project is located in an area with epithermal silver and gold deposits. Drilling scheduled for 2020 includes 20 targets and Vizsla Resources is working to do everything as planned.

You can contact the producers Caledonia mining – – Finding good news in Zimbabwe: Despite the pandemic, gold production in the Blanket mine rose in the second quarter compared to the same quarter of the previous year.

Current company information and press releases from Vizsla Resources (- -) and Caledonia Mining (- -).

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