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Answer: How much gold is still underground? > World Gold Council, the information resource for gold, investment, jewellery, science and technology, historical and culture

 

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How much gold is still underground?

The major gold producers increased their reported reserves to 719.7 million oz or over 22,000 tonnes at the end of 2005, according to Metals Economics Group. Assuming a 10% recovery loss when the ore is extracted, this would amount to 14 years of gold production at 2005's level. In practice the amount of known resources remains fairly constant over time since the results of new exploration finds replace those resources that are exploited.

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