Discoveries fail to keep up with output
Operating gold mines face depletion of resources if current poor exploration success rate continues with little or no improvement
Last updated 9/25/2011 at Noon
A recent article in the Newsletter of the Society of Economic Geologists discussed ways of addressing an arresting trend in the mining industry that affects Alaska's mining future.
Authors N. Stephen Enders of the Colorado School of Mines and Cliff Saunders of Too Serious Unlimited, showed that the discovery rate for gold has been dropping steadily since 1999, while the gold mined by operating...