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@WallStreetMav
For the first time in human history, data show zero significant gold discoveries in two years. (2 million oz of gold in one deposit)
Gold is not the only metal that is having difficulty finding replacement reserves. Copper, silver, nickel, cobalt and other metals are all facing declining ore quality and smaller deposits.
Many of the best and easiest deposits were discovered long ago and have been mined for decades. The newer mines are generally smaller, lower quality ore, more remote and more expensive.
This is what we are seeing with many major mining companies. They are struggling to just maintain current production. Forget about actually increasing production.
The key issue for investing in mining stocks is finding the ones that can organically grow their production in the coming years.
