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What’s turning gold majors, and others, to copper mining

Mineweb | May 20, 2011 | 1:31 pm Base Metals Precious Metals Europe Copper Gold

Pure gold deposits are increasingly difficult to find.

“What really bothers me is that in the 1980s or 1990s, we saw three to five discoveries of 5 to 20 million ounces each, and upwards of 30 to 50 million ounces a year. That is what makes or breaks the industry. There are no discoveries of that magnitude now.” Pierre Lassonde, veteran gold analyst, co-founder/chairman of Franco Nevada Mining Corp., former president of Newmont Mining Corp.