Currently viewing Global edition

Finding ounces pays

It seems gold producers are justified in upping their exploration spending, with new research finding that the financial return from drilling a 1 million ounce gold resource is positive for the first time in three years.

Finding ounces pays Finding ounces pays Finding ounces pays Finding ounces pays Finding ounces pays

According to research by Edison Investment Research in London, over the past two years, there had been a 67.4% recovery in the in-situ value of a global average resource ounce, from $US10.