{"id":8220,"date":"2026-05-25T08:17:19","date_gmt":"2026-05-25T06:17:19","guid":{"rendered":"https:\/\/www.italpreziosi.it\/news\/gold-deposits-what-is-the-current-situation-and-how-is-it-likely-to-develop\/"},"modified":"2026-05-25T08:17:19","modified_gmt":"2026-05-25T06:17:19","slug":"gold-deposits-what-is-the-current-situation-and-how-is-it-likely-to-develop","status":"publish","type":"post","link":"https:\/\/www.italpreziosi.it\/en\/news\/gold-deposits-what-is-the-current-situation-and-how-is-it-likely-to-develop\/","title":{"rendered":"Gold deposits: what is the current situation and how is it likely to develop?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A fascinating, luminous metal, believed by ancient peoples to possess divine qualities, and a strategic asset in the modern world for protecting capital against devaluation. Over the millennia, gold has altered its relationship with our species, yet never severed it. For over 6,000 years, humankind has scoured rivers and the earth in search of the noblest of metals, inventing ever-new techniques to locate, collect and work it.   <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that brings us to today\u2019s question: how much metal remains in the veins of our planet? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold, as we know, is a finite resource that cannot be imitated, copied or artificially reproduced in a laboratory. Its origins are still a matter of debate, but there is no doubt that they are not of \u2018terrestrial\u2019 origin. The most widely accepted hypothesis, particularly following a study conducted in 2017, suggests a collision between two neutron stars: the collapsed cores of stars so dense that a single teaspoon of the material they are made of would weigh, on Earth, up to a billion tonnes. The enormous density of neutrons resulting from the collision between these celestial giants would be such as to create gold, platinum and other heavy elements. However, these phenomena would have occurred too late in cosmic history to explain the formation of gold in the earliest eras of the universe.     <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A second theory suggests that gold originates in the cores of supernovae, which act as forges for various heavy metals \u2013 including gold. However, stars of such immense magnitude that this process is possible are exceptionally rare: the few that do exist are so massive that, upon their death, they turn into black holes \u2013 which would inevitably end up swallowing the gold. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whatever the origin of this precious substance, these immense celestial bodies would have scattered it throughout the universe in the form of debris, which would then have coalesced to form the planets. The Earth is therefore presumably rich in gold in its core and innermost layers, but thanks to seismic and volcanic activity and meteorite impacts \u2013 which themselves contain varying amounts of the yellow metal \u2013 the planet\u2019s surface also contains it. And this is the only gold we can hope to obtain.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s take a look at the image below:<\/span><\/p>\n<p><a href=\"https:\/\/www.gold.org\/goldhub\/data\/how-much-gold\" rel=\"nofollow noopener\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-8104\" src=\"https:\/\/www.italpreziosi.it\/wp-content\/uploads\/2026\/05\/Goldhub-300x229.png\" alt=\"ground stock\" width=\"556\" height=\"425\" srcset=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/Goldhub-300x229.png 300w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/Goldhub-768x586.png 768w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/Goldhub.png 925w\" sizes=\"(max-width: 556px) 100vw, 556px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The most accurate estimates of the total amount of gold mined throughout history put the figure at 219,890 tonnes, around two-thirds of which has been mined since 1950.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If every single gram of gold ever mined were placed side by side, the resulting cube would measure just 22 metres on each side: an extremely small volume for such a precious and sought-after metal, with such an ancient history. Given that gold is virtually indestructible, we must assume that all the gold mined to date still exists in some form.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the 2000s, we have seen a decline in available resources, due to the scarcity of newly discovered deposits. Current reserves are estimated at around three billion ounces, which, at current rates, would be sufficient to sustain approximately 25 years of production. Within these resources, it is worth making three further distinctions:  <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Recoverable reserves, still present underground<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Geologically identified reserves, the economic viability of which is currently being assessed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A marginal portion of past production, already extracted, representing a negligible fraction of the total<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Compounding the situation is a sharp decline in investment in mineral exploration, with the sector\u2019s budget set to fall by 15% in 2023 and a further 7% in 2024 \u2013 despite the rise in the price of gold. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.spglobal.com\/market-intelligence\/en\/news-insights\/research\/new-finds-remain-scarce-despite-gold-from-major-discoveries-at-3-boz\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" class=\"alignnone wp-image-8109\" src=\"https:\/\/www.italpreziosi.it\/wp-content\/uploads\/2026\/05\/spglobal-300x200.png\" alt=\"total gold in major discoveries\" width=\"692\" height=\"461\" srcset=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/spglobal-300x200.png 300w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/spglobal-1024x683.png 1024w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/spglobal-768x512.png 768w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2026\/05\/spglobal.png 1176w\" sizes=\"(max-width: 692px) 100vw, 692px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The chart, which shows the annual analysis by S&#038;P Global Community, indicates that between 1990 and 2024, 353 deposits were identified containing (approximately) 3 billion ounces of available reserves, geologically identified reserves and residues from past production. The total increase would amount to 3% and would be equal to 82 million ounces \u2013 the previous analysis conducted in 2024 identified 350 deposits, containing 2.89 billion ounces of gold.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">How does mining capacity affect the price of gold? Over the last twenty years, this safe-haven asset has shown a negative correlation with the rate of new discoveries. It should be borne in mind that it takes around ten years to bring a mine into operation;  <\/span><span style=\"font-weight: 400;\">For this reason, the scarcity of newly identified deposits may have contributed to the rise in the price of the precious metal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As it is not possible to tap into new sites, the focus is on expanding existing ones. In 2024, 80% of exploration expenditure was allocated to mines already in operation: indeed, even countries that have historically been at the forefront of identifying gold deposits, such as the United States and Canada, are experiencing a drastic reduction in their ability to open up new frontiers. For its part, China has already turned its attention to exploring new regions, but despite significant domestic production, it remains essentially a net importer of gold.   <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the sharp rise in the price of gold, mining companies do not currently appear willing to increase their budgets for exploring new deposits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The costs of exploring, extracting and bringing a mining site into production continue to discourage exploration \u2013 not to mention increasingly stringent regulations, the energy crisis and inflationary pressures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mines are currently operating in a context of relative stability between supply and demand, but if the trend of recent years were to continue, it would inevitably end up altering the very structure of supply: at present, in fact, the gold market is operating at a rate of almost 5,000 tonnes of metal per year.<\/span><\/p>\n<p><b>Sources:<\/b><\/p>\n<p><a href=\"https:\/\/www.geopop.it\/lorigine-delloro-come-e-arrivato-dalle-stelle-alle-miniere-sulla-terra\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Geopop<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.gold.org\/goldhub\/data\/how-much-gold\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Gold.org<\/span><\/a><\/p>\n<p><a href=\"https:\/\/goldbroker.com\/news\/gold-exploration-crisis-threatens-global-supply-3703\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Goldbroker<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.media.inaf.it\/2025\/04\/29\/una-nuova-origine-per-loro-e-altri-elementi-pesanti\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Media Inaf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.passioneastronomia.it\/da-dove-viene-tutto-oro-delluniverso\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Passione astronomia<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fascinating, luminous metal, believed by ancient peoples to possess divine qualities, and a strategic asset in the modern world for protecting capital against devaluation. Over the millennia, gold has altered its relationship with our species, yet never severed it. For over 6,000 years, humankind has scoured rivers and the earth in search of the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":8132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-8220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts\/8220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/comments?post=8220"}],"version-history":[{"count":0,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts\/8220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/media\/8132"}],"wp:attachment":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/media?parent=8220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/categories?post=8220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/tags?post=8220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}