How Robots and Artificial Intelligence Will Transform Mining

Pan American has several mine expansions ramping up, including the La Colorada and Dolores mines in Mexico, while also stepping up exploration in Argentina. Meanwhile, the mining giant is a 100 percent owner of the Navidad asset (also in Argentina), one of the world's largest undeveloped silver deposits, although that project has been held up by provincial laws in Argentina. Pan American has a very low cost of production at $5.04/oz, or an all-in sustaining cost per silver ounce sold (AISCSOS) of $10.77.

The management team, with a track record of success, continues to push mechanization and automation at many of its mines, which helps keep costs low.

#4 Ambarella (NASDAQ: AMBA)

Ambarella Inc. is as semiconductor and image processing company and develops low-power high-definition video products. Ambarella made waves at the 2017 Consumer Electronics Show when it announced the H22 chip for cameras in drones.

It films 4K HD video that comes equipped with electronic image stabilization, cutting out the need for the gimbals that are often found on drones. Gimbals allow cameras to pivot without causing the camera to shake, but they are heavy, which means shorter flight times.

But Ambarella's H22 chip could take drone use to the next level by eliminating unnecessary weight. The exciting thing about what Ambarella is offering is that most drone manufacturers are still using gimbals, which means the market for Ambarella is massive.

Meanwhile, Ambarella also unveiled its H3 chip earlier this year, which is used in 8K Ultra HD video for higher-end drones, according to MarketWatch. 8K offers 16 times the resolution of HD.

In short, Ambarella is the market leader for the cameras used in commercial drone technology, giving it huge upside potential as the mining industry continuously shifts in that direction.

#5 Hecla Mining Company (NYSE: HL)

Hecla Mining Company is the oldest silver and gold mining company in North America and it is currently the largest primary silver producer in the U.S.

Hecla has added nearly 300 million oz of silver reserves in the last 10 years. But even better, as Hecla's management likes to say, not all silver ounces are equal. Hecla operates in the U.S., Canada and Mexico, negating much of the country risk seen in many other parts of the world. It has four key mines, located in Idaho, Alaska, Quebec and Durango, Mexico.

Hecla's cost structure is highly attractive, one of the lowest in the business, with AISC of $9.97/oz in the second quarter of 2017.

Hecla pursues innovation and automation to keep those costs low. Hecla is automating its Greens Creek project in Alaska. And instead of the pick axes of the past, Hecla's shaft operators use rock breakers from behind computer screens at the surface.

It is experimenting with mechanical cutting to eliminate the need to drill and blast, which the company believes will revolutionize mining. Hecla also uses drilling automation that allows for drilling during shift change, significantly reducing the cost and time of drilling.

Hecla deployed an intelligent automated truck this year, able to handle automated haulage, which carries multiple benefits including improved safety, productivity and profitability.

Honorable mentions

Goldcorp (NYSE: GG) is a massive precious metals company based in Canada. Goldcorp's properties, however, extend to the United States, Mexico, Central America, and all the way to Argentina and Chile. Its primary product is gold, and it is the world's fourth-largest gold producer. Goldcorp has partnerships with some of the world's most reputable precious metals company, and owns some of the world's most productive mines.

By. Joao Piexe

Legal Disclaimer/Disclosure: This piece is an advertorial and has been paid for. The company paid ninety thousand Dollars for this article and banner ads. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Safehaven.com only and are subject to change without notice. Safehaven.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report

DISCLAIMER:  Safehaven.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with Safehaven.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by Safehaven.com are solely those of Safehaven.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact - FN Media Group LLC
e-mail: Email Contact   
U.S. Phone: +1(954)345-0611

SOURCE Safehaven.com

Contact:
Company Name: Safehaven.com
Financial data for Safehaven.com


« Previous Page 1 | 2             
Featured Video
Editorial
Jobs
Mechanical Engineer for PTEC Solutions at Fremont, California
Mechanical Engineering Technical Leader for Cisco Systems Inc at San Jose, California
Advanced Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Senior Software Engineer (GIS) for SeeScan, Inc. at San Diego, California
Upcoming Events
Realize LIVE Americas 2024 at Mandalay Bay Convention Center, Resort and Casino NV - May 13 - 16, 2024
Altair - Simulate at the Speed of Design 2024 at United States - May 16, 2024
Smart Manufacturing Experience 2024 at David L. Lawrence Convention Center Pittsburgh PA - Jun 4 - 5, 2024
SprutCAM X World Conference at Cyprus - Jun 10 - 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise