A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today.
It has been found that producer hedging or forward selling of future production will affect the volume of gold which is being supplied in markets annually. As mine production is a long process, wherein the time period from mine discovery to actual production is extremely long, the mine lifecycle and project development timeline are very long.
Despite the fact that substantial new discoveries are rare and the production level is also constrained, the mining of gold has witnessed a significant rise in the last couple of years. Gold is one of the key factors contributing to the economic growth of various countries.
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