Rodger Allen Passionate About Gold Mining

Rodger Allen, well-known name as President and sole shareholder of 1510501 Alberta Ltd. , 0946940 BC Ltd. and 0922410 BC Ltd. But in spite of that, He is having a strong background in gold mining. Rodger Allen having complete knowledge of gold mine, which is helpful to managing stress and tight deadlines and have a good ability to adapt to change. His gold mine knowledge helps in all forms of gold mining. In 1978, He expanded his mining operations in British Columbia using of his logging equipment to build roads and minesite development for mining properties in the Cariboo area of British Columbia. In 2017 Rodger Allen looks forward to continue his mining and processing operations in Pemberton BC. Rodger Allen gold mine experience shows innovative vision, he is passionate about gold mining.

Gold Mining

In the broadest terms gold mining covers analysis, drilling, geological appraisal, financing, advancement, extraction, initial refinement, and delivery of Gold doré bars to a reserve refiner.

Gold Mining — Affluence of ore

Gold is highly rare. According to geological experience essentially all gold is found only in low concentrations in rocks.

Gold is rarer even than platinum, although because of platinum’s more even diffusion in the Earth’s crust it is actually harder to find commercial deposits of is more frequently deposited in the consolidation which make gold mining applicable.

Gold’s average consolidation in the Earth’s crust is 0.005 parts per million. The technology of eradication is expensive primarily because the process always requires gold mining companies to shape large physical quantities of ore for small results. The energy required to have, chore and process ore is itself benificial, as are the chemicals used in the process, and this places a lower limit on the quality of ore which can be profitably worked in the gold mining process.

At different points concentration of minerals within the earth’s surface varies from their average, and it is those deviations which produce workable ores for gold mining. Iron, for example, accounts for an average 5.8% of the contented of the Earth’s crust. It needs to be fixed by natural variations to about 30% to be considered an ore, indicating a required geographical concentration of about 5 times. A lower grade gold ore would contain something like 5 grams per tonne (5 parts per million). So gold ore needs to be concentrated by about 1,000 times above its average diffusion to become applicable for gold mining.

Gold Mining — Extraction and Purification

Because of gold’s inertness some 80% of gold within ore is in its elementary state. There are several processes used in gold mining for wring, and then cleanse it.

Amalgamation is a mercury based process which works because of gold’s readiness to be soften by mercury. The mercury is applied on an ore, picks up the gold, and the resulting amalgam isinfuse, with the mercury being boiled off to remove it. Mercury is highly harmful and therefore environmentally sensitive, making the industrial plant to perform this type of eradication expensive.

The most important purification process in gold mining is cyanidation. Sodium cyanide solution in the presence of air causes gold to enter into solution. Good quality ores give up their gold under cyanidation in what is called vat extract. Lesser quality ores require heap leaching, which involves huge piles of ore being again-again re-sprayed with the cyanide solution over a prolonged period.

Extraction & purification

Relatively raw gold is purified in two main ways. The low cost first stage of purification is the Miller process which uses chlorine gas and reaches purification of 99.5%, and then there is the more expensive Wohlwill process which electrolyses gold to purities of 99.99%.

Advantages of gold mining shares

  • The foreseen advantage of investing in gold mining shares is that their value is usually more sensitive to the price of gold than even a gold bar. This is because gold mining shares are valued on the basis of their forseen profits through the life of the mine, and these depend on the capital, and on the relationship between gold mining production costs and the forseen value of the gold extact.
  • Suppose a gold mine has 1,000,000 ounces underground and the above ground value is $1,000 per ounce. If the production cost is $800 per ounce the mine will make $200,000,000 over its life. But if the gold price rises by 20% to $1,200 the mine will make $400,000,000 overall. This determine a ‘gearing’ effect of 4 times — i.e. for a rise in bullion of 20% the share will rise by the 20% plus another 4 times 20%, i.e. 100% (all other things being equal, which they rarely are).

Of course the flip side means that these gold shares would fall five times faster on a declining bullion price.