Porphyry Deposits Throw Triple Winning Punch with Silver, Gold, Copper Deposits

Gold, silver and copper have been performing well recently, with their prices increasing as each day goes by. Investors looking to enrich their portfolios and capitalize on higher metal prices may benefit from injecting money into companies that are developing or exploring porphyries.

This is primarily because these deposits house a lot of copper, among other minerals. For instance, the Escondida mine in Chile is the biggest copper mine globally, with 40-year mine life.

It is expected that copper, silver and gold motherlodes will bring in huge returns if a commodity super cycle occurs. Motherlodes are principal zones or veins of silver or gold ore that are common along the west coast of North and South America. They are formed when dense oceanic plates subduct and collide below the continental crust, compressing the earth’s crust to form a chain of mountains that runs to Alaska, all the way from Patagonia.

It is this subduction that gives rise to huge porphyry deposits, where magmatic rocks combine with mineralized fluids. While silver and gold are considered byproducts of these zones, their quantities are sometimes so vast that they exceed total quantities at standalone mines.

For instance, Argentina’s Filo Del Sol project holds more than four million gold ounces as a by-product. This is large enough to be considered a gold mine on its own. Surprisingly, however, the company mainly focuses on copper, holding 3.2 billion pounds of the red metal. This is in addition to more than 150 million ounces of silver.

This and other porphyry deposits are an exciting opportunity for investors, and with the current mood for commodities shifting, a super cycle is bound to occur. Copper, in particular, is set to experience a boom in the commodity market. Increasing prices of the red metal may see prices of other base metals such as aluminum and nickel also rise.

This is why investors need to observe the copper market for any clues of an upcoming super cycle. Its highest price stands at $4.26 a pound, as of January 2023. The metal’s price going past $4.80 a pound may indicate a new rally. Currently, the metal still has some obstacles to overcome. When it does and if it reaches new highs as gold did, it will indicate the start of a new commodity super cycle.

Investors are advised to focus on companies holding geological assets of high quality, particularly those with porphyry deposits. For those looking to buy stock in companies focusing on only one of the trio, Hecla Mining Company (NYSE: HL) can be subjected to adequate due diligence by investors looking for exposure to silver.

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