Have you ever wondered which mines are blasting, shovelling and hauling the most expensive ore? While the world’s highest-value minerals are well known – this list includes precious metals and gemstones – it is more practical for mining industry stakeholders to estimate the value of minerals by looking through the lens of a mining operation. Simply put, what is the worth of an excavator/ loader bucket at a particular open pit or underground mine compared to its peers in the industry?
InfoMine’s IntelligenceMine database has a powerful tool that allows users to get a quick reserves/resources valuation based on the most recent estimates of reserves/resources and commodity prices updated on a daily basis.
The following analysis covers those currently active mining operations throughout the world that are separate reporting units and which have most recent reserves evaluation figures disclosed by the owners/operators after December 31, 2014.
Why are only reserves taken into account? Because a mineral reserve is the most accurate economic estimate of a mine’s mineral resources, which can be justified under current market conditions. Therefore, ore reserves are far less speculative than ore resources and relatively precisely reflect changes in the economic “wellbeing” of mines.
In this case analysis is limited to mining operations where ore reserves have been calculated according to international standards adopted by major stock exchanges for public reporting of mineral exploration results.
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