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 (MOIC) metric would support building smaller mines with a smaller environmental footprint but a longer life providing lasting benefits to communities, he says.
“It would better align us with concepts behind ESG,” he told The Northern Miner’s Western Editor Henry Lazenby at this year’s Prospectors and Developers Association of Canada convention.
Watch the full conversation below.
