Visualizing The World's Gold Mines And Deposits

Tyler Durden's picture




 

After examining data from all public, private, and government sponsored companies, research shows there are 439 undeveloped deposits or producing mines in the world. Visual Capitalist provides the following infographic showing that there are 113.9 billion tonnes of in-situ gold on earth, where it is located, and how rare are the largest gold deposits.

 

 

and the full report here:

 

NRH Research 2012 World Gold Deposits

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Thu, 11/29/2012 - 21:42 | 3022518 Flakmeister
Flakmeister's picture

Hey, go for it, mine Peeble. I never cared for wild NW salmon anyway...

Thu, 11/29/2012 - 23:31 | 3022717 Bay of Pigs
Bay of Pigs's picture

Is there any topic you don't troll on?

Fri, 11/30/2012 - 00:43 | 3022811 Flakmeister
Flakmeister's picture

Funny you should mention that, why it was just the other day:

 

I discuss peak oil, AGW, precious metal miners, the rest is a bloody waste of time...

  BTW, I actually love wild salmon from the Pacific North West, in case I was junked for saying otherwise...

3013492

Fri, 11/30/2012 - 02:29 | 3022921 CrazyCooter
CrazyCooter's picture

Those who make a living on the fisheries in and around the pebble area do have genuine cause for worry.

However, I will also point out that "the Pacific North West" is extremely vast and sparsely populated. Get out a map, understand the scale, and go from Bellingham to the Aelutian chain. If you ran population numbers on that, it would be well under the head count of most states in the union and an area multiples larger.

I don't know if I support it or not, but it isn't for me to decide anyway. Personally, I think "international poaching" (i.e. unregulated high seas rape of fisheries) is a much bigger problem, but just my $.02. The realist in me observes that there is never been a profitable mine in AK that has been turned down. But, the environmental stuff is pretty crazy these days (e.g. from ANWR to a lost list of fed/state clashes over usage rights from hunting to snow mobiles).

If I were to gamble the fisherman will probably lose this one over time.

You can follow the Pebble story over at the AK DNR web site where most of the permitting stuff is public.

http://dnr.alaska.gov/mlw/mining/largemine/pebble/

Regards,

Cooter

Fri, 11/30/2012 - 02:36 | 3022924 Flakmeister
Flakmeister's picture

How do you discount the value of a unique fishery and compare it to the value large  but hardly unique Cu sulfide deposit?

The Cu/Au is replaceable, the fish are not....

Fri, 11/30/2012 - 03:11 | 3022937 CrazyCooter
CrazyCooter's picture

Apparently the same way you can respond in the "Kings English" yet fail to comprehend it?

Regards,

Cooter

Fri, 11/30/2012 - 10:08 | 3023361 Flakmeister
Flakmeister's picture

All I implied is that Peeble is likely to go (for the reasons you cite) but in the long run it is folly....

Fri, 11/30/2012 - 00:26 | 3022799 Newager23
Newager23's picture

When you look at these numbers they point to mining companies - who own the gold in the ground - becoming valuable. Deposits greater than 2 million oz are rare, and deposits greater than 4 million oz are extremely rare. My investment philosophy is to buy these stocks while they are cheap and wait for the world to wake-up to the fact that these assets (gold in the ground) are incredibly valuable.

Mining companies are primarily valued on four main factors: 1) Gold in the ground, 2) Production ounces, 3) The price of gold, and 4) Cash cost per oz. You can forecast production, the price of gold, and cash costs. Thus, the most important factor - and we can know it in advance - is how much gold a company has in the ground.

If you know a company has a 2 million oz deposit or greater, then you can forecast the other three factors and identify incredibly cheap stocks. If at some point, the investment community discovers that these deposits are valuable, then we could very well have a mania in mining stocks - for these large deposits.

If you want to learn more about how to value mining stocks, check out this link:

http://www.goldsilverdata.com/mining-101.html 

Fri, 11/30/2012 - 02:18 | 3022915 GoldmanSux
GoldmanSux's picture

Pebble will likely never be built under any circumstances. The market has come to accept this as the stock is down around 80% in the last year. Donlin will never be built unless there is an extended period of time when metal prices rise at a much faster pace than construction cost. Not the case today.

Fri, 11/30/2012 - 02:37 | 3022925 CrazyCooter
CrazyCooter's picture

Basis for Pebble going under the bus?

Not butting heads, just looking to see someone articulate the position.

Regards,

Cooter

Sat, 12/01/2012 - 00:44 | 3025928 GoldmanSux
GoldmanSux's picture

Cost has always been a major concern, being in the utmost remote location. But more recently, regulatory. Study on the significant effects on the salmon runs in the area have kiboshed the stock.

Fri, 11/30/2012 - 05:31 | 3022995 Urban Redneck
Urban Redneck's picture

That ignores non-financial (e.g. political) risk, in an environment of rising prices.

 

Fri, 11/30/2012 - 07:48 | 3023099 overmedicatedun...
overmedicatedundersexed's picture

newager23, of course all the .govs of the world will let mines stay in private hands if gold goes much higher..rule of law and all...ask the GM bond holders it will give them a laugh.

Thu, 11/29/2012 - 21:44 | 3022522 Stuck on Zero
Stuck on Zero's picture

Corzine:  It's easier to re-hypothecate than to mine.

 

Thu, 11/29/2012 - 22:36 | 3022634 FreedomGuy
FreedomGuy's picture

When interest rates are zero and money is easy it is far more profitable and simple to play with money than actually produce anything of value.

Thu, 11/29/2012 - 23:15 | 3022695 DoChenRollingBearing
DoChenRollingBearing's picture

No, no, no.  You bitchez have it all wrong.  Gold comes from the coin shop!

Thu, 11/29/2012 - 23:35 | 3022719 knukles
knukles's picture

The coin shoppe or....
How in the world can anybody retain an ounce (pun intended) of integrity by making a statement as to the total amount of gold mined in human history?

That's when I stop reading.
Period.

 

First, that number was arrived at years ago by somebody guessing.
Second, to make such a claim is infantile egomania
Lastly, it doesn't even matter

 

Such Horseshit
And that's from a chap who has been and remains very bullish on gold and silver.

I know when I'm being bent over....

 

Next meme'll be the Annanuki return to reclaim the lost gold on 12/21/12, etc., etc., etc.

Fri, 11/30/2012 - 04:41 | 3022965 stacking12321
stacking12321's picture

so, because you are ignorant of a fact, you must assume everyone else is also ignorant and cannot possibly know the answer?

i challenge you to prove your insinuation that this quantity is un-knowable, within some reasonable margin of error.

Fri, 11/30/2012 - 03:56 | 3022951 Cast Iron Skillet
Cast Iron Skillet's picture

ha, ha! ... and feathers come from pillows - Zsa Zsa Gabor

Thu, 11/29/2012 - 21:46 | 3022524 The Shootist
The Shootist's picture

It's all fun and games until you watch those miserable failures on the History channel try to mine the Klondike. (At least they tried, Peeeyah!)

Thu, 11/29/2012 - 23:35 | 3022720 knukles
knukles's picture

Did one of 'em get their eye poked out?

Fri, 11/30/2012 - 11:05 | 3023563 MachoMan
MachoMan's picture

As the soup always liked to note (on gay shows), Jack Hoffman loved to root around in the glory hole...

Thu, 11/29/2012 - 21:46 | 3022528 Flakmeister
Flakmeister's picture

I got sucked in by the allure of the Hollister deposit (GBG).... no mas....

I do still own RBY.... AngloGold Ashanti is another basket case....

Thu, 11/29/2012 - 21:46 | 3022530 icanhasbailout
icanhasbailout's picture

we were overdue to invade Canada again anyway

Thu, 11/29/2012 - 21:54 | 3022545 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You must be British.

Thu, 11/29/2012 - 21:58 | 3022558 The Shootist
The Shootist's picture

No, I think Nathaniel Green tried to take some Canadian city. Failed, we probably sent our freshman c squad.  ;)

Thu, 11/29/2012 - 22:20 | 3022591 CCanuck
CCanuck's picture

d post

 

Fri, 11/30/2012 - 02:50 | 3022930 CrazyCooter
CrazyCooter's picture

Yeah, any nation that wants to invade either the US or the Canada is crazy; our dipshit politicos are doing a fine job of burning the house down.

Never invade a gun owning population. It don't work. Wait for the gov't to reel 'em in, otherwise best of luck.

As far as Canada in particular, one might understand the weather that would crush the soul of lesser folks.

http://www.youtube.com/watch?v=gnHWiA1Cr_E

Regards,

Cooter

Thu, 11/29/2012 - 22:25 | 3022597 Supernova Born
Supernova Born's picture

Fuck invading Canada. They are the last hope of the Western Hemisphere. The only passport I've got is with a chicken-shit Latin American newbie.

Canada just needs to publish the cost of a resident visa (in gold) and build some nukes, because America only fucks with the "have-nots".

Thu, 11/29/2012 - 23:07 | 3022681 CPL
CPL's picture

Invade?  That was old blue eyes Mulroney, the man that destroyed the Conservative Party of Canada, that opened the door there.

 

The US is on every street corner.  Starbucks, Walmart, Michaels, EBGames, Chinese deliver, Pizza pizza, a bank...the cookie cutter california strip mall mould should have been a good sign.   We live in the semi-tundra 6 months of the year, who in their right mind in Canada would build a strip mall in tundra.

Thu, 11/29/2012 - 23:38 | 3022723 Bay of Pigs
Bay of Pigs's picture

Canada's BNN (Business News Network) has "fiscal cliff" stories going 24/7 just like CNN and the BlowHorn.

It isn't by accident, just moar MSM brainwashing.

Sat, 12/01/2012 - 02:53 | 3026063 natty light
natty light's picture

You still got the Tim Hortons eh.

Thu, 11/29/2012 - 22:17 | 3022594 CCanuck
CCanuck's picture

Ya cause it work so well in 1812 Eh.

Ccanuck

Fri, 11/30/2012 - 00:44 | 3022823 Bear
Bear's picture

Crap ... Do we really need more debt?

Fri, 11/30/2012 - 08:25 | 3023141 unrulian
unrulian's picture

Go for it....we sent your asses packing last time with a couple of trappers and some indians...we even burnt down the white house...

 

ok, ok i like talking tough, it might take you 5 minutes and a couple of drones now.

Thu, 11/29/2012 - 21:48 | 3022533 Zgangsta
Zgangsta's picture

Apparently, there's enough gold mixed in the molten core of the earth to coat the entire world in a layer four meters thick.

Thu, 11/29/2012 - 22:27 | 3022623 Supernova Born
Supernova Born's picture

Four meters thick? Just like the skulls of those who'd believe it.

Thu, 11/29/2012 - 23:00 | 3022668 Zgangsta
Zgangsta's picture

Gold doesn't form naturally on earth.  It was placed here by divine intervention in the form of meteors.

http://news.nationalgeographic.com/news/2011/09/110907-gold-metals-earth...

What little that ended up in the crust is the result of volcanic eruptions.

Thu, 11/29/2012 - 23:37 | 3022722 knukles
knukles's picture

See, I told ya somebody'd go off the fucking deep end....

Fri, 11/30/2012 - 11:50 | 3023712 Thisson
Thisson's picture

There is gold mixed in with everything in the planet - including seawater.  It is just not cost-efficient to distill it.

Fri, 11/30/2012 - 00:33 | 3022812 Amagnonx
Amagnonx's picture

I have bad news for you pal, the earth does not have a molten core - molten core and tooth fairy both originated by the same people.

 

The earth, sun and every celestial object that has a magnetic field has an energetic centre - call it a black hole if thats your lingo, but it is a nuclear engine - in my terminology, a super particle.

 

Fri, 11/30/2012 - 00:37 | 3022817 Flakmeister
Flakmeister's picture

Wow, where did they teach you this?

Fri, 11/30/2012 - 01:00 | 3022828 Orly
Orly's picture

You have a lot to learn yet, flak.  Energetic planetary cores, abiotic oil, cosmic ray effects, galactic black holes...

All these things are going to soon come to greater knowledge and you are going to sit and believe that dinosaurs and seaweed fuel our planet; that a little puny animal can possibly alter the evolutionary course of entire worlds.

Keep believing all that stuff and watch the world pass you right by; bagging groceries at 55.

Expand your mind, let the fact that you don't know anything at all envelope you, make you curious.  As it stands now, you're a hubristic smartass who knows how to use an engineering calculator.  It would behoove you to use your gift to question what you believe, not prove how smart you are(n't) to the rest of us.

_______

You won't learn the ways of the world by looking outside.  You don't learn quantum mechanics, the ties that bind, by looking outside of things.  You learn them by looking inside.  And the further you look inside, the more you'll find that what you just knew to be true has been turned on its head and that you didn't really know a damned thing after all.

Fri, 11/30/2012 - 01:18 | 3022865 Flakmeister
Flakmeister's picture

Could you now describe for us all a mechanism for producing a planetary magnetic field that is consistent with all observed data?

It sounds like you might have  read The Dancing Wu Li Masters and waked away with fluff and not the meat....

PS I learned Quantum Mechanics 35 years ago. Have you ever performed Young's Double Slit experiment? I now leave you to your psuedo-scientific babbling... 

Fri, 11/30/2012 - 01:28 | 3022877 Orly
Orly's picture

I have, actually.  In my head.  It says that photons act as both particles and waves but leave residual wave-like observable characteristics.

Now, smartass, tell me why.

And who the hell is Wu Li?

______________

"Could you now describe for us all a mechanism for producing a planetary magnetic field that is consistent with all observed data?"

No.  Can you?  Difference between you and me is I don't pretend to already know everything.

And if you seriously did do quantum mechanics 35 years ago, then there is no hope for you.

Fri, 11/30/2012 - 01:51 | 3022895 Flakmeister
Flakmeister's picture

You are a poster child for the D-K effect....

Do an experiment and spin up a sphrere of basically molten iron and tell us what happens... In your explanation be sure to take into account that Fe is a conductor with a net magnetic dipole moment...

Fri, 11/30/2012 - 10:38 | 3023456 Lebensphilosoph
Lebensphilosoph's picture

The experimental ensemble can be modeled by a statistical distribution known as as 'wave function' that solves the Schroedinger equation for that system and can be approximated by treating the motion of the center of this distribution as a point particle in certain conditions that depend on the wavelength relative to the size of the system. It's mathematical wizardry. That doesn't make a 'particle' a 'wave' (a logical impossibility).

Fri, 11/30/2012 - 12:18 | 3023814 Flakmeister
Flakmeister's picture

Are you trying to describe a wave packet?

Fri, 11/30/2012 - 01:31 | 3022879 ThirdWorldDude
ThirdWorldDude's picture

"The Way that can be spoken of,

is not the constant Way;

if one man asks for the Way

and another one replies him,

neither of them knows the Way..."

 

                                                     ~ Tao Te Ching

Fri, 11/30/2012 - 01:36 | 3022884 Orly
Orly's picture

This guy is such a jackass.

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