Resource Percentages: Gold, Copper and SilverThere was a comment made in resource update about gold % decreasing while copper % was increasing along one of the strikes... the comment was not so important but it had me wondering what the relative revenue contribution of the 3 was in dollar terms.
Per the 3rd quarter 2021 Gold Equivalent ounces weighting, the revenue $ breaks as follows:
Gold= 92%
Copper= 7%
Silver= less than 1%
It looks like gold totally dominates this weighting. With the conversion to EV's and their battery raw material requirement, I've read that the cost of copper will explode over the next several years.
Up or down, it looks like gold will continue to sing the song here.