Record Spent on Gold Exploration

What Recession? Record high prices have kept speculators and geologists in high gear. In fact, they’re busier than ever. Estimates as high as $8.5B have industry analysts adjusting their outlook for next year’s projections.

Scarcity of available metal in the ground is another big reason why costs continue to rise. As more Gold and Silver is pulled out of the ground, it is harder to find further reserves as well as being increasing difficult to convince surrounding communities about the benefits of mining expansion close to home. Conversely, massive amounts of infrastructure is required to develop plays in more remote parts of the world.

As technology attempts alleviate the challenges faced with modern mining, increasing labor costs, environment regulations and cultural considerations often impede savings to exploration companies. But how long before finding the metal itself will be the greatest obstacle? (Read More Below…)