Canada's gold miners to embrace green energy to control costs
Canadian gold miners are expected to adopt even more alternative energy this year as the sector continues to focus on paring down costs to remain competitive in a volatile gold price environment, a new report suggests. According to BMI Research, declining ore grades will drive Canadian gold miners costs higher, pushing companies to find fresh ways of improving competitiveness. Tightening environmental regulations, such as the recently passed carbon tax at $10 a tonne — the country's first — will do nothing but accelerate this trend, the report says.
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