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Average mine takes 29 years to reach production

The average mine takes nearly three decades to reach production from the time of discovery, latest data from S&P Global Market Intelligence shows.

Average mine takes 29 years to reach production Average mine takes 29 years to reach production Average mine takes 29 years to reach production Average mine takes 29 years to reach production Average mine takes 29 years to reach production

Polyus' Blagodatnoye mine in Russia

Chris Hinde, a former editor at Mining Journal and founder of industry consultancy Pick and Pen, presented the data on the final morning of PDAC in Toronto.