This is why Junior miners sitting on known deposits are so important.
Yet Another MAJOR Reason To Buy Gold
January 14, 2019
For almost a year now, I’ve been advising you that gold production is plunging…
By itself, declining gold production isn’t a huge deal.
It takes hundreds of millions of years for minerals to form deep in the earth’s crust… but humans only need a few decades to extract it.
That’s why mining companies need to constantly explore for new deposits.
And that’s where the problem comes in… mining companies haven’t been exploring.
Large mining companies have been cutting their exploration budgets for years. By the end of 2016, exploration budgets hit an 11-year low.