Alianza Minerals: Discovery-Focused Hybrid Prospect Generator

FN Media Group News Commentary - The increasing demand for gold across various sectors, including jewelry, technology, and investment, significantly drives the gold mining market. In the jewelry industry, gold's aesthetic appeal and cultural significance, particularly in countries such as India and China, fuel its demand. Additionally, gold's excellent conductivity and resistance to corrosion make it indispensable in the electronics industry for manufacturing components such as connectors and circuit boards. Furthermore, economic uncertainties often boost gold's status as a haven asset, prompting investors to increase their holdings in gold, thereby driving up its demand and, consequently, mining activities. A report from DataIntello said the global gold mining market size was USD 208.9 Billion in 2023 and is likely to reach USD 274.2 Billion by 2032, expanding at a CAGR of 3.50% during 2024–2032. The market growth is attributed to the impact of automation and robotics in mining operations. The report said: "Automation and robotics have transformed mining operations, making them safer, more efficient, and less labor-intensive. In gold mining, automated drilling systems operate continuously, reducing the need for human intervention and enhancing productivity. Robotic equipment is being used for tasks that are dangerous for humans, such as deep underground operations or in environments that are hazardous due to unstable mine structures or the presence of toxic gases. These technologies improve safety and decrease variability in performance, leading to predictable and optimized outcomes. Furthermore, automation enables real-time data collection and monitoring of mining activities, which assists in precise resource management and operational planning." Active mining companies in the markets this week include: South Pacific Metals Corp. (OTCQB: SPMEF) (TSX-V: SPMC), K92 Mining Inc. (OTCQX: KNTNF) (TSX: KNT), Newmont Corporation (NYSE: NEM) (TSX: NGT), Founders Metals Inc. (OTCQX: FDMIF) (TSX-V: FDR), SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD).