Kitco NEWS Roundtable
by Kitco NEWS
December 19, 2021 5:13 am
Join Kitco editor Neils Christensen, special correspondent Paul Harris and mining audiences manager Michael McCrae who look at the week that was highlighting the biggest news in precious metals and mining.
The build out of hydroelectric power in the northwestern B.C. is fundamentally changing mining and exploration in the region, said Walter Coles Jr., CEO and president of Skeena Resources (TSX:SKE).
On Friday Coles recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Editor Neils Christensen and Kitco correspondent Paul Harris. Skeena is an exploration company focused on northwestern B.C., the Golden Triangle. The region has seen big developments, recently Newcrest’s $2.8 billion Pretium purchase in November.
Coles said that mine costs and environmental pressures are seeing rapid changes with miners being able to hook up to hydropower grids and give up on diesel.
“Tt’s a massive paradigm shift on the cost side to be able to plug into cheap, clean hydro power, as opposed to using fossil fuels,” said Coles.
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