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Why mine developments go wrong

When Scottish poet Robert Burns talked in 1785 about “The best-laid schemes o' mice an' men gang aft agley”, he could have been directly referring to the mining sector.

Why mine developments go wrong Why mine developments go wrong Why mine developments go wrong Why mine developments go wrong Why mine developments go wrong

Colossus Minerals went into insolvency in 2014 after announcing a major capex overrun at its Serra Pelada gold project

Informal checks and balances have been replaced by reporting standards such as NI 43-101, but mine developments continue to have a nasty habit of not working out as planned.