Investors flock to safety on rising risk around the globe

摘要

Prespective geology, reasonable costs, workable permitting and regulation regimes, and politi-cal stability rarely go together in a mining jurisdiction. That's what makes mining such a high-risk, high-stakes business. Early entry into risky, but geologically rich jurisdictions can only in retrospect be assessed as a brilliant move or an expensive disaster. Miners have invested hundreds of millions into finding, delineating, developing and operating assets only to see them expropriated by governments. Centerra Gold's Kumtor mine in Kyrgyzstan in 2021; TriMetals Mining's Malku Khota silver-indium project in Bolivia in 2012; and several gold projects in Venezuela in 2008, including Gold Reserves' Las Bri-sas project, and Crystallex International's Las Cristinas among them.