India has a rich history of gold mining, but its industry has been hindered by legacy processes and under investments. India’s current resources are estimated to be enough to produce around 20 tonnes of gold annually. However, the country’s gold mining industry currently produces less than 1.6 tonnes of gold each year.
Jun 09 2022
Investing in gold production has complex economics, and mining is a long-term investment. Gold is scarce, and the great majority of gold mining firms’ exploratory activities do not yield commercially viable quantities of gold. A large-scale gold mine takes at least ten years to develop once a sufficient ore deposit is discovered. A deeper understanding of these lifecycle economics will enable all stakeholders to collaborate more effectively in order to maximize the development potential of mining operations.