North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Ronald W. Thiessen
For Mining News 

Porphyries can bolster gold supply

As traditional gold deposits become rarer, gold companies look to Pebble-like copper-gold porphyries to supply dwindling reserves


Last updated 2/28/2010 at Noon

As the price of gold soars to all-time highs and physical demand climbs in the face of a weakening U.S. dollar, gold companies are embracing new approaches and shifting focus from pure gold deposits to polymetallic, or gold-containing, base-metal deposits in the quest to augment diminishing reserves.

The scarcity of world-class gold deposits is already taking its toll on the industry's bottom...

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