RE:Carpetbaggers Delight - Gold N Solar N Nevada GoldNo one is questioning Barrick's Nevada gold properties. What is especially worrisome is Barrick’s large copper and gold dependence upon African mines in unstable sociopolitical countries such as DRC, Mali, Ivory Coast, and Zambia. Other Barrick properties that are environmentally vulnerable to extreme weather include Chile and possibly their Argentina mine as well.
While the risks of mining have long been an important consideration for investors, the risk of weather-related disruptions of the civic order or damage to transportation system relatively new and needs to be understood. I like AEM because of its conservative mgt. and the “safe’ location of producing assets. It’s our choice to make, we can apply what we’ve learned about the risks imposed by climate change or we can ignore it at our own peril.
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