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Visualizing the New Era of Gold Mining

From visualcapitalist.com

Between 2011 and 2020, the number of major gold discoveries fell by 70% relative to 2001-2010. The lack of discoveries, alongside stagnating gold production, has cast a shadow of doubt on the future of gold supply. This infographic sponsored by Novagold highlights the need for new gold mining projects with a focus on the company’s Donlin Gold project in Alaska. Between 2010 and 2021, gold production increased steadily until 2018, before leveling and falling. Along with a small decrease in gold production from 2020 levels, there were no new major gold discoveries in 2021. Meanwhile, annual demand for the yellow metal ... (full story)

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  • Category: Fundamental Analysis