Gold discoveries not keeping pace with mined production
Strategies for gold reserves replacement: the costs of finding and acquiring gold.
Posts by Metals Economics Group:
Exploration budgets up 50%- surging to new all-time high
According to Metals Economics Group’s (MEG) 22nd edition of Corporate Exploration Strategies (CES), the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion.
Metals Economics Group Strategic Report: Base metals and gold 2010 acquisitions spending totals $50.7 billion
The 2010 dollar volume of large ($25 million minimum) acquisitions totaled $50.7 billion—the third-highest annual total in 10 years—a whopping increase of 260% over 2009’s $14 billion, and 23% over 2008’s $41 billion. According to Metals Economics Group’s (MEG) recent Strategic Report, the 2010 total signifies a general return of confidence to the industry after a period of significant strategic retrenchment and caution due to the worldwide recession and sharply lower metals prices that began in late 2008 and lasted into early 2010.
