Commodity prices are cyclical and are generally controlled by global supply and demand of each individual commodity. The mineral exploration industry is dependant on the commodity prices and is therefor highly cyclical as well. If demand for a certain commodity is reduced, generally the price drops and it may no longer be economic to explore for this commodity. Therefore, it is very important to monitor commodity prices and adjust exploration plans accordingly.
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Commodities such as gold, silver, copper, lead, and zinc occur in the earth in a wide variety of mineral deposits.
A mineral deposit is a naturally occurring anomalous concentration of a mineral or minerals that may be extracted at a profit. Although profitable extraction isn’t a requirement for mineral deposit it is the ultimate goal and the driving force behind the mineral exploration industry.
Mineral deposits can be divided into three broad categories based on the concentration factors: hydrothermal, magmatic, and sedimentary. At Solidus Geological Services we specialize in both Hydrothermal and Magmatic mineral deposits.