How much gold reserves are there in the world?

Recently, the "2013 China Land and Resources Bulletin" published by the Ministry of Land and Resources showed that in 2013 China's mineral resources exploration has achieved remarkable results, 173 new large and medium-sized mineral deposits were newly discovered, and 761 tons of newly identified gold resources were newly added.

As of the end of 2012, China's proven gold resource reserves were 8,196 tons, ranking second in the world. Together with the newly identified reserves, China's current proven gold stock reached 8,957 tons.

In 2013, the price of gold fell sharply. China’s aunt made China surpass India to become the world’s largest gold consumer. At the same time, China is also the world’s largest gold producer. According to the latest statistics of the China Gold Association, China's gold production reached 428 tons in 2013, which is China's seventh consecutive year in the world's largest gold producer.

So how much gold reserves are left in the world for mining? The World Gold Council report pointed out that as of 2010, the global proven gold resource reserves were about 100,000 tons. Among them, South Africa is the world's largest gold resource owner, with proven reserves of 31,000 tons.

According to the latest report of FX168, there are currently 580 mineral deposits with 1 million ounces (28.3 tons) of gold in the world. There are a total of 3.72 billion ounces of gold (115,700 tons) underground. In the best case, 1.82 billion ounces (56,608 tons) of gold can eventually be mined and entered into the supply stream.

The Canadian Metals Economics Group believes that the major gold companies are facing huge challenges at present. They are not without prospecting potential, but gold mines that are easy to find have been discovered. According to statistics, the reserves and resources of gold mines currently under development are basically equivalent to the mines being produced. However, due to political, institutional and tax risks in many resource-rich countries, as well as factors such as declining grades, rising costs and extended production times, the number of gold mines that can be put into production in the near future is far less than that found.

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