Soaring electricity prices = big increase in opex

PwC Canada have just released their annual report on mining in British Columbia. Reporting on the production, exploration and other factors in the mining state, the report highlights the impact of higher energy prices.

"Pierre Lebel, Chairman of Imperial Metals Corporation, says about one third of the company's operating costs relate to powering its operations, which include its Mount Polley mine and Huckleberry mines in BC, and the Red Chris mine that is scheduled for commissioning in mid-2014."

Read the full report here.