Category: Precious Metals

Mapped: The 10 Largest Gold Mines in the World, by Production


This post is by Niccolo Conte from Visual Capitalist


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Map of the 10 largest gold mines in the world

The 10 Largest Gold Mines in the World, by Production

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Gold mining is a global business, with hundreds of mining companies digging for the precious metal in dozens of countries.

But where exactly are the largest gold mines in the world?

The above infographic uses data compiled from S&P Global Market Intelligence and company reports to map the top 10 gold-producing mines in 2021.

Editor’s Note: The article uses publicly available global production data from the World Gold Council to calculate the production share of each mine. The percentages slightly differ from those calculated by S&P.

The Top Gold Mines in 2021

The 10 largest gold mines are located across nine different countries in North America, Oceania, Africa, and Asia.

Together, they accounted for around 13 million ounces or 12% of global gold production in 2021.

RankMineLocationProduction (ounces)% of global production
#1Nevada Gold Mines?? U.S.3,311,0002.9%
#2Muruntau?? Uzbekistan2,990,0202.6%
#3Grasberg?? Indonesia1,370,0001.2%
#4Olimpiada?? Russia1,184,0681.0%
#5Pueblo Viejo?? Dominican Republic814,0000.7%
#6Kibali?? Democratic Republic of the Congo812,0000.7%
#7Cadia?? Australia764,8950.7%
#8Lihir?? Papua New Guinea737,0820.6%
#9Canadian Malartic?? Canada714,7840.6%
#10Boddington?? Australia696,0000.6%
N/ATotalN/A13,393,84911.7%

Share (Read more...)

Everything You Need to Know on Carlin-Type Gold Deposits



The following content is sponsored by Nevada Exploration

 

Carlin-Type Gold Deposits: Everything You Need to Know

Nevada is one of the world’s most productive gold-mining regions, and it’s the high-grade Carlin-type gold deposits (CTGDs) that put the Silver State on the gold mining map.

Carlin-type gold deposits contain “invisible” or microscopic particles of gold that are deposited within a mineral called pyrite in sedimentary rocks. Needless to say, these deposits are named after the discovery of the Carlin Gold Deposit in 1961, which was the first of its kind.

Today, Carlin-type deposits make up the bulk of Nevada’s gold production. This infographic from our sponsor Nevada Exploration details everything you need to know about CTGDs.

The Building Blocks of Carlin-Type Gold Deposits

Nevada’s CTGDs contain 255 million ounces of gold, representing one of only six gold belts of this size in the world. Furthermore, 84% or 214 million ounces of Nevada’s CTGD gold is concentrated in just three camps:

  • Carlin camp: 118 million ounces
  • Cortez camp: 50 million ounces
  • Getchell camp: 46 million ounces

So, just how are these massive deposits of invisible gold formed?

Building Block #1:

Structures

The rocks that host CTGDs are typically found close to major geological structures in the Earth’s crust. These structures include:

  • Faults: A fracture or a zone of fracture between two rocks.
  • Thrust faults: A fault across which older rocks are pushed above younger rocks.
  • Folds: A wave-like structure that forms when rocks deform by bending.

These fractured zones (Read more...)

Visualizing the Value of Precious Metals Royalty Agreements



The following content is sponsored by Vox Royalty

Precious metals royalties

The Value of Precious Metals Royalty Agreements

The mining sector is known for its high potential returns, but it hides a unique investment with long-term revenues and high upside potential: precious metals royalties.

Royalties provide holders with a percentage of a mine’s revenue for the life of the project, while also offering exposure to the mine’s increases in production and resource expansion.

This graphic by Vox Royalty breaks down the catalysts that unlock compounding value for royalty holders, and how precious metals royalties outperform other income investments.

The Anatomy of a Royalty Agreement

Royalties are interest-bearing agreements that were first created between prospectors and mining companies, so prospectors could receive long-term revenue from the development of their discoveries. Over time, royalty agreements became a funding mechanism allowing mining operators to take up-front funding to develop a mine in exchange for 1-3% of the mine’s lifetime revenue.

Once created, royalties can be bought and sold as income assets, enabling royalty companies to purchase and build a diverse portfolio of income-generating royalties.

It’s worth noting that royalties are calculated from the mine’s top line revenue, meaning royalty holders are not impacted by the mine’s operational or administrative expenses.

Along with the interest on a mine’s revenues, royalties also provide holders with upside exposure to further investment and expansion of the mine, resource expansion of the project, along with mine restarts and life extensions.

The Value-Driving Catalysts of Great Royalties

Since royalties give holders all (Read more...)

Chart: How Much Gold is in the World?



The following content is sponsored by Kalo Gold.

How much gold is in the world?

How Much Gold is in the World?

Gold has retained its value throughout history, partly due to the fact that it is indestructible.

That means that virtually all the gold in the world that has been mined is still around in one form or another. Some of it may have turned into jewelry, while some might be sitting inside vaults as bullion. So, just how much gold have we mined, and how much of it is left beneath the ground?

This infographic from our sponsor Kalo Gold visualizes all the gold in the world that’s above ground and the identified reserves that we have yet to mine.

Where is All the Gold?

The World Gold Council estimates that miners have historically extracted a total of 201,296 tonnes of gold, leaving another 53,000 tonnes left in identified underground reserves.

If all of the above-ground gold were stacked beside each other, the resulting cube would only measure 22 meters on each side, which is a testament to the metal’s rarity. But where exactly is all of this mined gold?

Nearly half of all the gold ever mined is held in the form of jewelry. India and China have been the largest markets for gold jewelry consumption, combining for more than 50% of global jewelry demand in 2020.

CategoryGold stocks held (tonnes)% of above-ground stocksDollar value* (US$, trillions)
Jewelry93,25346%$5.8T
Private investment44,38422%$2.8T
Official holdings/Central banks34,21117% (Read more...)

Visualizing the Global Silver Supply Chain



The following content is sponsored by Blackrock Silver.

Visualizing the Global Silver Supply Chain

Although silver is widely known as a precious metal, its industrial uses accounted for more than 50% of silver demand in 2020.

From jewelry to electronics, various industries utilize silver’s high conductivity, aesthetic appeal, and other properties in different ways. With the adoption of electric vehicles, 5G networks, and solar panels, the world is embracing more technologies that rely on silver.

But behind all this silver are the companies that mine and refine the precious metal before it reaches other industries.

The above infographic from Blackrock Silver outlines silver’s global supply chain and brings the future of silver supply into the spotlight.

The Top 20 Countries for Silver Mining

Although silver miners operate in many countries across the globe, the majority of silver comes from a few regions.

RankCountry2020 Production (million ounces)% of Total
1Mexico ??178.122.7%
2Peru ??109.714.0%
3China ??108.613.8%
4Chile ??47.46.0%
5Australia ??43.85.6%
6Russia ??42.55.4%
7Poland ??39.45.0%
8United States ??31.74.0%
9Bolivia ??29.93.8%
10Argentina ??22.92.9%
11India ??21.62.8%
12Kazakhstan ??17.32.2%
13Sweden ??13.41.7%
14Canada ??9.31.2%
15Morocco ??8.41.1%
16Indonesia ??8.31.1%
17Uzbekistan ??6.30.8%
18Papua New Guinea ??4.20.5%
19Dominican Republic ??3.80.5%
20Turkey ??3.60.5%
N/ARest of the World ?34.24.4%
N/ATotal784.4100%

Mexico, Peru, and China—the (Read more...)

A Golden Future: Visualizing the Economic Case for Gold



The following content is sponsored by Kalo Gold.

Visualizing the Economic Case for Gold

Throughout history, people have revered gold as a sign of wealth and a store of value. Today, gold is not only a precious metal but also a precious investment.

In fact, in 2020, 47% of global gold demand—the largest share—came from investors.

Today’s infographic from Kalo Gold outlines the economic case for gold and highlights some of the main reasons why investors are attracted to it.

Gold as an Investment: A Shield for All Financial Conditions

Gold can protect investors’ wealth during tough times while preserving capital for the long run. Investors add gold to their portfolios because it offers many investment benefits:

  • Effective diversification

    In a typical portfolio of stocks and bonds, gold’s historically low correlation with major asset classes and negative correlation with the U.S. dollar can reduce risk through diversification.

  • Hedge against inflation

    Gold is priced in U.S. dollars. Therefore, as the purchasing power of the dollar falls due to inflation, gold becomes more expensive to buy, acting as a hedge against the eroding value of the dollar.

  • Long-term returns

    Gold has always maintained its value in the long run. Between 2001 and 2020, gold’s annual return averaged 11.2%, outperforming other key asset classes including U.S. equities, bonds, and treasuries.

Additionally, gold’s low correlation with other assets allows it to outperform during recessionary periods, reducing the downside of stock market downturns. In fact, gold delivered positive returns during the recessions in (Read more...)

How Precious Metals Royalty and Streaming Companies Create Value



The following content is sponsored by Empress Royalty.

Gold and Silver Royalty and Streaming Companies

Investing in precious metals often seems like it boils down to either buying the physical gold or silver or investing in shares of specific mining companies, both with their own very distinct advantages and risks.

Rather than having to settle for the simplicity of bullion or extensive research in individual mining companies, precious metals royalty and streaming companies provide investors with exposure to a diversified portfolio of miners’ revenues and produced metals.

These companies are not operators of mines. Instead, they seek to find undiscovered value by financing and working directly with miners to forge agreements that provide their shareholders with steady exposure to precious metals production.

This infographic from Empress Royalty outlines exactly how gold and silver royalty and streaming companies operate, and how they mitigate risk and create value for their shareholders.

What Do Precious Metals Royalty and Streaming Companies Do?

Royalty and streaming companies are an important part of the mining industry’s financial ecosystem, as they provide capital to mine operators and explorers in exchange for a percentage of revenue or metals produced from the mine.

Mining companies receiving this investment are able to further develop or expand projects, providing greater returns for both their shareholders and the companies with royalties and stream agreements on the projects.

These agreements typically last for the life of a mine, providing steady cash flow to royalty and stream holders while cutting out various risks (Read more...)

How to Avoid Common Mistakes With Mining Stocks (Part 5: Funding Strength)


This post is by Nicholas LePan from Visual Capitalist


A mining company’s past projects and funding strength are interlinked, and can provide clues as to its potential success.

A good track record can provide better opportunities to raise capital, but the company must still ensure it times its financing with the market, protects its shareholders, and demonstrates value creation from the funding it receives.

Part 5: The Role of Funding Strength

We’ve partnered with Eclipse Gold Mining on an infographic series to show you how to avoid common mistakes when evaluating and investing in mining exploration stocks.

Part 5 of the series highlights six things to keep in mind when analyzing a company’s project history and funding ability.

Funding Strength

View all five parts of the series:

Part 5: Raising Capital and Funding Strength

So what must investors evaluate when it comes to funding strength?

Here are six important areas to cover.

1. Past Project Success: Veteran vs. Recruit

A history of success in mining helps to attract capital from knowledgeable investors. Having an experienced team provides confidence and opens up opportunities to raise additional capital on more favorable terms.

Veteran:

  • A team with past experience and success in similar projects
  • A history of past projects creating value for shareholders
  • A clear understanding of the building blocks of a successful project

A (Read more...)