Canadian Mining Hall of Fame member Douglas Silver at the 2024 Prospectors and Developers Association of Canada convention. Credit: The Northern Miner
There’s an inherent conflict between the way mining investments are valued and environmental social and governance principles, says mining veteran Douglas Silver. Net present value , the dominant metric used to evaluate mining investments, compares future cash flows to their equivalent in today’s dollars. NPV encourages companies to build the biggest possible mine and exploit it quickly. Environmental, social and governance principles don’t factor in.
But Silver, an inductee into both the Canadian Mining Hall of Fame and the U.S. National Hall of Fame, says there’s a metric that could incorporate both. Using the multiple on investment cash flow metric would support building smaller mines with a smaller environmental footprint but a longer life providing lasting benefits to communities, he says. Volt Lithium’s cost cuts help Alberta project weather metal price crashThe facility will have capacity to produce 3,600 tonnes of battery-grade graphite a year, increasing to 14,400 tonnes after 2024.
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