Tech's Big Opportunity In Mining Revealed
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Narrow-vein mining is where technology and innovation can have the biggest impact, said Osisko Gold Royalties' Sean Roosen.
Kitco News spoke to the Osisko's CEO earlier this month at the Sprott Natural Resource Symposium in Vancouver. He was asked his thoughts on technology applied to mining as a whole. (The first part of our interview with Roosen was published a week ago, What $1,400 Gold Means For Juniors.) Osisko Gold Royalties is an intermediate precious metal royalty company with a portfolio of over 130 projects. Osisko offers expertise in exploration, engineering and finance to advance projects.
"A lot of these narrow vein mine systems are the where the opportunities are in terms of creating new ounces that would have previously been uneconomic," said Roosen.
"We haven't really had any technology advances for a while."
Roosen said he would like to see technology applied to underground environments to simplify management and make operations safer.
There has been a lot of work in autonomy at open pit operations, admits Roosen.
"We've pretty much got to an optimal point when it comes to open pit. We can build bigger trucks and more efficient electric shovels."
Regarding the exploration side of the business, Roosen is more wait and see.
He said machine learning and artificial intelligence are "tools that are on the table," but they haven't gained dominance.
Discussing his company's own role in developing projects, Roosen said Osisko has been pretty good at going into old camps and coming up with new ideas.