A new S&P Global Market Intelligence study has revealed that mining companies are allocating billions of dollars to gold exploration despite a global push for green-energy adoption. Although 2023 registered a $1.1 billion drop in funding for gold exploration, the precious metal still makes up 46% of global mining exploration budgets.
Gold budgets fell by 16% ($1.1 billion year-on-year loss) to a little under $6 billion, but gold still attracted the majority of mining exploration investment in…
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