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Tintina Resources (TSX-V:TAU)

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Tintina Snapshot

Tintina Resources Inc. (“the Company”) is a growth company focused on the exploration and development of base and precious metal projects in North America. The Company’s experienced management team has assembled an impressive portfolio of base metal projects in Alaska, including the Baird copper-zinc project, located 100 kilometers southeast of Red Dog, the world’s largest zinc producing mine, and the Black Butte Copper a copper-cobalt-silver project located in central Montana. The Company is currently focusing on advancing it’s flagship property, the Black Butte Copper Project, towards production.

CAUTIONARY NOTE:

This presentation of Tintina Resources Inc. (the “Company”) includes certain disclosure, including statements regarding the Company’s plans for and intentions with respect to exploration of the Company’s properties and other information which constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. The Company’s forward looking statements reflect the beliefs, opinions and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government or other regulatory approvals and any required financing to complete the Company’s planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management’s expectations. However, the forward looking statements are subject to numerous risks, uncertainties and other important factors relating to the Company’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such important factors, uncertainties and risks may cause and include, among others, actual results of the Company’s exploration activities being materially different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, and the estimation of reserves and resources, the need for cooperation of government agencies and native groups in the development of the Company’s properties, the need to obtain permits and governmental approvals, risks of operations such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variations in geological structures, ore grades or recovery rates, unexpected cost increases, fluctuations in metal prices and currency exchange rates, delays in obtaining required government or other regulatory approvals or availability of financing in the debt and/or capital markets, inability to procure equipment and supplies in sufficient quantities and on a timely basis. Further, all statements, other than statements of historical fact, included herein including, without limitation, statements regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting, construction and production and other milestones, and the Company’s future operating or financial performance are forward-looking statements. Estimates of reserves and resources are also forward-looking statements in that they involve estimates of the mineralization that would be encountered, based on interpretation of drilling results and certain assumptions, if a deposit were developed and mined. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. – See more at: https://www.visualcapitalist.com/portfolio/tintina-resources-company-snapshot#sthash.acAiBgze.dpuf

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Mapped: The 10 Largest Gold Mines in the World, by Production

Gold mining companies produced over 3,500 tonnes of gold in 2021. Where in the world are the largest gold mines?

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The 10 Largest Gold Mines in the World, by Production

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

Gold mining is a global business, with hundreds of mining companies digging for the precious metal in dozens of countries.

But where exactly are the largest gold mines in the world?

The above infographic uses data compiled from S&P Global Market Intelligence and company reports to map the top 10 gold-producing mines in 2021.

Editor’s Note: The article uses publicly available global production data from the World Gold Council to calculate the production share of each mine. The percentages slightly differ from those calculated by S&P.

The Top Gold Mines in 2021

The 10 largest gold mines are located across nine different countries in North America, Oceania, Africa, and Asia.

Together, they accounted for around 13 million ounces or 12% of global gold production in 2021.

RankMineLocationProduction (ounces)% of global production
#1Nevada Gold Mines🇺🇸 U.S. 3,311,0002.9%
#2Muruntau🇺🇿 Uzbekistan 2,990,0202.6%
#3Grasberg🇮🇩 Indonesia 1,370,0001.2%
#4Olimpiada🇷🇺 Russia 1,184,0681.0%
#5Pueblo Viejo🇩🇴 Dominican Republic 814,0000.7%
#6Kibali🇨🇩 Democratic Republic of the Congo 812,0000.7%
#7Cadia🇦🇺 Australia 764,8950.7%
#8Lihir🇵🇬 Papua New Guinea 737,0820.6%
#9Canadian Malartic🇨🇦 Canada 714,7840.6%
#10Boddington🇦🇺 Australia 696,0000.6%
N/ATotalN/A13,393,84911.7%

Share of global gold production is based on 3,561 tonnes (114.5 million troy ounces) of 2021 production as per the World Gold Council.

In 2019, the world’s two largest gold miners—Barrick Gold and Newmont Corporation—announced a historic joint venture combining their operations in Nevada. The resulting joint corporation, Nevada Gold Mines, is now the world’s largest gold mining complex with six mines churning out over 3.3 million ounces annually.

Uzbekistan’s state-owned Muruntau mine, one of the world’s deepest open-pit operations, produced just under 3 million ounces, making it the second-largest gold mine. Muruntau represents over 80% of Uzbekistan’s overall gold production.

Only two other mines—Grasberg and Olimpiada—produced more than 1 million ounces of gold in 2021. Grasberg is not only the third-largest gold mine but also one of the largest copper mines in the world. Olimpiada, owned by Russian gold mining giant Polyus, holds around 26 million ounces of gold reserves.

Polyus was also recently crowned the biggest miner in terms of gold reserves globally, holding over 104 million ounces of proven and probable gold between all deposits.

How Profitable is Gold Mining?

The price of gold is up by around 50% since 2016, and it’s hovering near the all-time high of $2,000/oz.

That’s good news for gold miners, who achieved record-high profit margins in 2020. For every ounce of gold produced in 2020, gold miners pocketed $828 on average, significantly higher than the previous high of $666/oz set in 2011.

With inflation rates hitting decade-highs in several countries, gold mining could be a sector to watch, especially given gold’s status as a traditional inflation hedge.

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The 50 Minerals Critical to U.S. Security

This graphic lists all minerals that are deemed critical to both the economic and national security of the United States.

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The 50 Minerals Critical to U.S. Security

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

The U.S. aims to cut its greenhouse gas emissions in half by 2030 as part of its commitment to tackling climate change, but might be lacking the critical minerals needed to achieve its goals.

The American green economy will rely on renewable sources of energy like wind and solar, along with the electrification of transportation. However, local production of the raw materials necessary to produce these technologies, including solar panels, wind turbines, and electric vehicles, is lacking. Understandably, this has raised concerns in Washington.

In this graphic, based on data from the U.S. Geological Survey, we list all of the minerals that the government has deemed critical to both the economic and national security of the United States.

What are Critical Minerals?

A critical mineral is defined as a non-fuel material considered vital for the economic well-being of the world’s major and emerging economies, whose supply may be at risk. This can be due to geological scarcity, geopolitical issues, trade policy, or other factors.

In 2018, the U.S. Department of the Interior released a list of 35 critical minerals. The new list, released in February 2022, contains 15 more commodities.

Much of the increase in the new list is the result of splitting the rare earth elements and platinum group elements into individual entries rather than including them as “mineral groups.” In addition, the 2022 list of critical minerals adds nickel and zinc to the list while removing helium, potash, rhenium, and strontium.

Mineral Example UsesNet Import Reliance
BerylliumAlloying agent in aerospace, defense industries 11%
AluminumPower lines, construction, electronics 13%
ZirconiumHigh-temparature ceramics production 25%
PalladiumCatalytic converters40%
GermaniumFiber optics, night vision applications50%
LithiumRechargeable batteries 50%
MagnesiumAlloys, electronics 50%
NickelStainless steel, rechargeable batteries 50%
TungstenWear-resistant metals50%
BariteHydrocarbon production75%
ChromiumStainless steel75%
TinCoatings, alloys for steel 75%
CobaltRechargeable batteries, superalloys76%
PlatinumCatalytic converters 79%
AntimonyLead-acid batteries, flame retardants 81%
ZincMetallurgy to produce galvanized steel 83%
TitaniumWhite pigment, metal alloys88%
BismuthMedical, atomic research 94%
TelluriumSolar cells, thermoelectric devices95%
VanadiumAlloying agent for iron and steel96%
ArsenicSemi-conductors, lumber preservatives, pesticides 100%
CeriumCatalytic converters, ceramics, glass, metallurgy100%
CesiumResearch, development100%
DysprosiumData storage devices, lasers100%
ErbiumFiber optics, optical amplifiers, lasers100%
EuropiumPhosphors, nuclear control rods 100%
FluorsparManufacture of aluminum, cement, steel, gasoline100%
GadoliniumMedical imaging, steelmaking100%
GalliumIntegrated circuits, LEDs100%
GraphiteLubricants, batteries100%
HolmiumPermanent magnets, nuclear control rods100%
IndiumLiquid crystal display screens 100%
LanthanumCatalysts, ceramics, glass, polishing compounds100%
LutetiumScintillators for medical imaging, cancer therapies 100%
ManganeseSteelmaking, batteries 100%
NeodymiumRubber catalysts, medical, industrial lasers 100%
NiobiumSteel, superalloys100%
PraseodymiumPermanent magnets, batteries, aerospace alloys100%
RubidiumResearch, development in electronics 100%
SamariumCancer treatment, absorber in nuclear reactors 100%
ScandiumAlloys, ceramics, fuel cells100%
TantalumElectronic components, superalloys100%
TerbiumPermanent magnets, fiber optics, lasers100%
ThuliumMetal alloys, lasers 100%
YtterbiumCatalysts, scintillometers, lasers, metallurgy 100%
YttriumCeramic, catalysts, lasers, metallurgy, phosphors 100%
IridiumCoating of anodes for electrochemical processesNo data available
RhodiumCatalytic converters, electrical componentsNo data available
RutheniumElectrical contacts, chip resistors in computersNo data available
HafniumNuclear control rods, alloysNet exporter

The challenge for the U.S. is that the local production of these raw materials is extremely limited.

For instance, in 2021 there was only one operating nickel mine in the country, the Eagle mine in Michigan. The facility ships its concentrates abroad for refining and is scheduled to close in 2025. Likewise, the country only hosted one lithium mine, the Silver Peak Mine in Nevada.

At the same time, most of the country’s supply of critical minerals depends on countries that have historically competed with America.

China’s Dominance in Minerals

Perhaps unsurprisingly, China is the single largest supply source of mineral commodities for the United States.

Cesium, a critical metal used in a wide range of manufacturing, is one example. There are only three pegmatite mines in the world that can produce cesium, and all were controlled by Chinese companies in 2021.

Furthermore, China refines nearly 90% of the world’s rare earths. Despite the name, these elements are abundant on the Earth’s crust and make up the majority of listed critical minerals. They are essential for a variety of products like EVs, advanced ceramics, computers, smartphones, wind turbines, monitors, and fiber optics.

After China, the next largest source of mineral commodities to the United States has been Canada, which provided the United States with 16 different elements in 2021.

The Rising Demand for Critical Minerals

As the world’s clean energy transitions gather pace, demand for critical minerals is expected to grow quickly.

According to the International Energy Association, the rise of low-carbon power generation is projected to triple mineral demand from this sector by 2040.

The shift to a sustainable economy is important, and consequently, securing the critical minerals necessary for it is just as vital.

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