Gold Mining Conference
Worldwide – Virtually
October 10, 2024
Join us for the Davos in the Desert’s 2024 Gold Mining Conference, a premier virtual event bringing together industry leaders, investors, and professionals from around the globe. This conference offers a unique platform to explore the latest trends, technologies, and developments in the gold mining industry. Whether you are an investor seeking investable ideas or a professional in the mining sector looking to stay ahead of technological advancements, this conference is for you.
The following are among the primary end uses/sources of demand for gold:
- Jewelry: Gold’s luster, malleability, and resistance to tarnish make it a popular choice for rings, necklaces, bracelets, and other adornments.
- Investment: Gold serves as a store of value and a hedge against inflation. Investors buy gold bars, coins, and exchange-traded funds to diversify their portfolios.
- Currency and Reserves: Central banks hold gold reserves as part of their foreign exchange reserves.
- Electronics: Gold’s excellent conductivity and resistance to corrosion make it essential in electronics, including circuit boards, GPS systems, calculators, connectors, and switches.
- Dentistry: Gold alloys are used for dental crowns, bridges, and fillings due to their biocompatibility and durability.
- Aerospace: Gold-coated films protect astronauts, satellites, and spacecraft from extreme temperatures and radiation.
- Medicine: Gold nanoparticles are used in diagnostics, drug delivery, and imaging.
- Art and Decoration: Gold leaf is applied to paintings, sculptures, architectural fixtures, and trimmings.
- Catalysis: Gold nanoparticles act as catalysts in chemical reactions, including automotive emissions control.
- Lubricants: Gold nanoparticles improve lubricant performance in machinery.
- Global demand for gold averaged 4,448 metric tons in 2023, with U.S. consumption at 250 metric tons.
- Approximately 3,000 metric tons of gold were produced from mines worldwide in 2023.
- Global central banks held nearly 37,000 metric tons of gold, about 17% of all gold mined throughout history.
- Notable transactions: Newmont Corporation acquired Newcrest Mining for $16.8 billion, and Pan American Silver Corp. acquired Yamana Gold for $4.8 billion.
Gold’s diverse applications, built-in demand from central banks, and its role as a hedge against inflation make it an attractive potential investment.
Each management team will discuss their companies’ exploration and production strategies. They will inform us of their geological surveys, estimated reserves, costs of production and royalty obligations. They will shed light on the technologies they use to extract gold as well as availability of labor. They will tell us about collaborations and financing strategies.
The following are some new technologies designed to render gold mining more productive:
- Advanced Machinery: High-capacity haul trucks and hydraulic shovels/excavators transport massive amounts of ore and move the earth swiftly and accurately.
- State-of-the-Art Drills: Modern drills bore into the earth, revealing hidden deposits more effectively.
- Complex Processing Plants: These plants refine ore efficiently, minimizing waste and environmental impact.
- Digital Transformation: The industry utilizes automation, data analytics, and remote monitoring.
- Mineral Exploration Techniques: Innovative technologies include:
- Airborne Gravity Gradiometry (AGG)
- Airborne Electromagnetics (EM)
- Induced Polarization (IP)
- Hyperspectral Mapping
- Superconducting Quantum Interference Device (SQUID)-based Time-Domain Electromagnetic (TDEM)
- 3D Electric and Electromagnetic Surveys
- Portable Mineralogical and Geochemical Analyzers
- Unmanned Aerial Vehicles (UAVs)
- Automatic Spectroscopic Scanning of Drill Cores
- Neural Networks/Deep Learning for data processing and interpretation.
The following are some interesting facts about the Gold Mining industry:
- Major gold producers include China, Russia, Australia, South Africa, the United States, and Peru.
- Gold’s chemical symbol is “Au,” derived from the Latin word “aurum,” and its atomic number is 79.
- Gold is incredibly malleable and ductile; a single ounce can be stretched into a wire about 50 miles (80 kilometers) long.
- Pure gold is yellow, but it can appear in shades of red and green when alloyed with other metals.
- Gold is dense; a cubic foot weighs over half a ton (19,300 kilograms).
- Until the 20th century, many countries used the gold standard, where paper money was backed by physical gold reserves.
- Gold is found in asteroids and even in the Earth’s core; some estimates suggest that Earth’s core contains more gold than all the world’s mines combined.
- All the gold ever mined would fit into three Olympic-sized swimming pools.
Each management team will discuss their companies’ exploration and production strategies. They will inform us of their geological surveys, estimated reserves, costs of production and royalty obligations. They will shed light on the technologies they use to extract gold as well as availability of labor. They will tell us about collaborations and financing strategies.
Please check back for the agenda of presenting companies. If you would like to nominate a company to present, please contact Lillian Grace at lillian@davosinthedesert.us.
Register now to listen to presentations from industry leaders and innovators. Free registration for members of Davos in the Desert; non-members can register now for just $10.
Don’t miss this opportunity to gain valuable knowledge about the gold mining industry.