https://youtu.be/ZZJdH60WqaQ

In this episode of Golden Droplets, the focus is on understanding the long timelines and costs associated with bringing a mining project from exploration to production. Typically, it takes between 14 to 17 years for projects like copper, gold, and nickel mines to move from discovery to operation. This lengthy period can be attributed to exploration phases, environmental considerations, regulatory requirements, and the immense capital needed to develop a mine. For example, Barrick's Pueblo Viejo gold mine took over 10 years and a $3.8 billion investment before it became profitable within five years. This episode offers crucial insights into improving exploration efficiency. The discussion highlights strategies that could help mining companies reduce their exploration timelines by 50%, without compromising safety or cutting corners. By focusing on where to look for deposits and concentrating exploration efforts, professionals can save time and money in the mining process, leading to earlier profitability. Key examples like Cerro Verde and Fosterville showcase how some mining projects have achieved faster success. P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly Valls Geoconsultant ORCID ID- https://orcid.org/0000-0002-5421-0914 Scopus Author ID: 7003369619/35335510700 ResearcherID: S-6604-2018 If you like this content, please "buy me a coffee" https://www.buymeacoffee.com/goldendroplets