Oh yes. And coupled with reduced fresh capital for large projects - the end for many of these great mines is sooner rather than later.
RE: Why mines close down (featuring @clint01 as author)
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Why mines close down (featuring @clint01 as author)
This is why I like the royalty/streamers :)
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My research is into the impact of the mineral resource royalty on narrow tabular precious metal deposits. Because it's treated as a cost - it can have an impact on cut-off grades and in some cases - a massive impact on the minable reserve. Seen in one case a reduction of 20% minable reserve after a 3.5% royalty cost
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