26 Aug, 2016 | 09:00
Gold Discoveries And Exploration Budgets In Review
By Nick Wright
Highlights
The Strategies for Gold Reserves Replacement is a series of reports analyzing the industry's efforts to enhance the supply pipeline.
According to new reports from the Strategies for Gold Reserves Replacement series, about 3,300 companies budgeted a total of $61.58 billion for gold exploration, including 200 that budgeted $50 million or more, between 2001 and 2015. It is estimated that 240 major gold deposits were discovered, delineated and found to be economically viable between 1990 to 2015. Employing a nominal gold price of $1,200/oz, these deposits host US$2,082 billion of gold in reserves, resources and past production, plus an additional US$522 billion in other metals.
The reports provide insights into:
- Hot spots for exploration
- Top 30 largest gold explorers
- Major gold discoveries
