Mine production

 

Summary

  • Large-scale gold mining is complex and extremely capital-intensive.
  • It is geographically diverse, occurring on all continents apart from Antarctica.
  • The life-cycle of a gold mine is long: it takes 10 to 20 years on average before a mine is ready to begin operating.
  • Mining companies have the option to sell gold which is still in the ground now at a specified future price – known as hedging.
  • Responsible gold mining can benefit the economy and population of the host country.