Make Kitco Your Homepage

Tech's Big Opportunity In Mining Revealed

Kitco News

Editor's Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News