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"It only makes sense to be looking in your own backyard first before exploring elsewhere"

"It only makes sense to be looking in your own backyard first before exploring elsewhere" "It only makes sense to be looking in your own backyard first before exploring elsewhere" "It only makes sense to be looking in your own backyard first before exploring elsewhere" "It only makes sense to be looking in your own backyard first before exploring elsewhere" "It only makes sense to be looking in your own backyard first before exploring elsewhere"

Kinross Gold chief Paul Rollinson, right, is one of many big gold executives neglecting greenfields exploration

The world biggest gold firms are spending more around existing mines than virgin pastures in a strategy that may have short-term gains but risks future production growth, according to a Reuters