kitco mining
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Mining
Sprott Asset CEO on Rising Mining Costs, Gold Demand, and Election Impact | John Ciampaglia
Gold prices surged near $2,800 an ounce, supported by central bank buying and geopolitical tension, while inflation pressures have sent mining costs soaring. John Ciampaglia, CEO of Sprott Asset Management, told Kitco Mining’s Jeremy Szafron that all-in-sustaining costs (AISC) for miners have jumped 50% since 2020, with energy and labor inflation driving up expenses. Ciampaglia discussed the U.S. election’s potential…
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Mining
Magna Mining, Canada’s next base metal producer
Magna Mining was co-founded in 2016 by Jason Jessup, a 20-year veteran of the Sudbury mining district. In early 2017, Magna acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and a surrounding land package of over 180 km², much of which prospective for further nickel, copper and PGM discoveries. Shakespeare is situated 70 km…
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