Research highlights ESG risks in gold grade decline

A senior mining geologist and PhD researcher at the University of Western Australia says a US$50-100/tonne carbon price could just about be the nail in the coffin for South Africa’s gold industry, while underlining Canada and Finland’s “green gold premium” credentials. High-grade gold mines in Australia making the switch to renewables and hybrid power grids could still woo carbon-sensitive investors in future.

Research highlights ESG risks in gold grade decline Research highlights ESG risks in gold grade decline Research highlights ESG risks in gold grade decline Research highlights ESG risks in gold grade decline Research highlights ESG risks in gold grade decline

CSA Global's Sam Ulrich: "In Australia gold grades have been declining and are forecast to decline further ... causing the average emissions intensity to rise"

CSA Global principal geologist Sam Ulrich told the RIU Resurgence conference in Perth, WA, research over the past six years showed the gold sector's mounting cost challenges with declining average ore