Gold Prices Surge as Regeneration Transforms Mine Waste into Responsible Gold
Gold prices have hit a record high in October 2022, driven by global uncertainties. Meanwhile, Regeneration, a Washington-based public benefit company, is transforming abandoned mine waste into responsibly sourced gold. The company's unique approach is gaining traction, especially with the gold price surging.
Regeneration's president and CEO, Stephen D'Esposito, sees mine waste not as a problem, but as an opportunity. The company's timing is favorable, with gold prices rallying and growing demand for ethically sourced metals. Initially focusing on Alaska and the Yukon, Regeneration targets placer mining sites that left behind sediment, smothering salmon-bearing streams.
The company uses advanced re-mining technology to extract metals from these historical sites, restoring rivers and habitats in the process. So far, Regeneration has restored 1,825 meters of streams and 20 acres of upland habitat. Mejuri, a jeweler, has partnered with Regeneration for its Salmon Gold collection, bridging environmental repair with consumer expectations. Regeneration's financial model for re-mining is still evolving, but the environmental and commercial logic is clear. Moreover, re-mining tailings allows recovery of critical minerals like cobalt and rare earths that earlier miners overlooked or lacked technology to extract.
Regeneration's innovative approach to mining is gaining attention, with gold prices high and demand for ethical sourcing growing. While no German or international companies are currently named as direct partners, the potential for collaboration is evident. With 1,825 meters of streams and 20 acres of upland habitat restored, Regeneration is not only transforming waste into gold but also healing the environment.
