Analyst expects the constellation of base metals companies under coverage’s second quarter results to fall below expectations when they start reporting results from month's-end.
"Projected annual shortfalls will place unprecedented strain on supply chains. The challenges this poses are reminiscent of the 20th-century scramble for oil".
Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend picked up on during the first quarter.
Pure Gold said output fell during the second quarter due in part to cash-preservation measures taken by the company while negotiating financing agreements.
Volcanogenic massive sulphide deposits have been a core source of copper, zinc and sometimes gold mineralization for over 150 years and remain the mainstay of some major mining camps worldwide.
