Natural Resources Holdings produced a terrific report—which lists the world's top 50 producing mine and undeveloped deposits—that warns there is a paucity of exploitable gold in the coming years.
"In our view a mine or deposit is an asset no different than a farm, commercial property, or financial security. Yet when it comes to gold, there are only 439 assets that meet the industry perceived economic threshold of one million ounces," writes the authors.
Of the 439 mines or deposits over one million ounces, only 189 are in production and have an owner with over $1.8 billion market capitalization. The remainder are owned by juniors, private companies or government-sponsored enterprises. . .View Full Article