According to a study, large gold discoveries are only growing by three percent.
Between 1990 and 2012, 350 gold deposits were discovered. These contained 2.9 billion ounces of gold, measured in reserves, resources and past production. Overall, according to S&P Global Market Intelligence, there is no great joy when it comes to the future supply of gold. Although the number of major discoveries, including the total amount of gold, is increasing every year, most of these discoveries were made decades ago. And only recently have they met the criteria of having at least two million ounces of gold in reserves, resources and past production. Only five major discoveries have been reported since 2020. New discoveries are therefore rare and usually smaller.
None of these discoveries have made it into the top 30 gold discoveries of the last ten years. However, there is still potential for growth in more recent gold discoveries. S&P Global Market Intelligence expects gold supply to peak in 2026 at 110 million ounces. By 2028, gold supply from the major gold-producing countries of Australia, Canada and the US is forecast to fall to 103 million ounces. The gold industry seems to favor the exploration of existing projects, with new discoveries falling short. This is underpinned by the lack of major new discoveries over the past ten years.
Annual budgets for gold exploration peaked in 2022 and fell slightly in 2023. With gold prices high now, this could lead to more and larger discoveries. However, this is not certain. Investing in gold should therefore continue to pay off in the future. One possibility would be stocks such as Revival Gold or Chesapeake Gold.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - develops gold mines in the west of the USA. The Mercur project and the Beartrack-Arnett gold project are particularly noteworthy.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - owns the Metates project in Durango, Mexico, which contains gold and silver.
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Between 1990 and 2012, 350 gold deposits were discovered. These contained 2.9 billion ounces of gold, measured in reserves, resources and past production. Overall, according to S&P Global Market Intelligence, there is no great joy when it comes to the future supply of gold. Although the number of major discoveries, including the total amount of gold, is increasing every year, most of these discoveries were made decades ago. And only recently have they met the criteria of having at least two million ounces of gold in reserves, resources and past production. Only five major discoveries have been reported since 2020. New discoveries are therefore rare and usually smaller.
None of these discoveries have made it into the top 30 gold discoveries of the last ten years. However, there is still potential for growth in more recent gold discoveries. S&P Global Market Intelligence expects gold supply to peak in 2026 at 110 million ounces. By 2028, gold supply from the major gold-producing countries of Australia, Canada and the US is forecast to fall to 103 million ounces. The gold industry seems to favor the exploration of existing projects, with new discoveries falling short. This is underpinned by the lack of major new discoveries over the past ten years.
Annual budgets for gold exploration peaked in 2022 and fell slightly in 2023. With gold prices high now, this could lead to more and larger discoveries. However, this is not certain. Investing in gold should therefore continue to pay off in the future. One possibility would be stocks such as Revival Gold or Chesapeake Gold.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - develops gold mines in the west of the USA. The Mercur project and the Beartrack-Arnett gold project are particularly noteworthy.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - owns the Metates project in Durango, Mexico, which contains gold and silver.
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
