December 6, 2024
“Grassroots Exploration Spending Hits Record Low, Reports S&P Global”
Exploration Budget Cuts: The Shift from New Discoveries to Established Deposits In recent years, the focus of exploration budgets has shifted significantly, with less money allocated to grassroots exploration. This change has negatively impacted the discovery rate of new mineral deposits. “Based on our discovery series, we have consistently observed a downward trend in both the number of discoveries and the amount of contained metal over the years for both copper and gold exploration,” stated Cesar Pastrana, a data analyst at S&P and author of the report. Growing Caution in Exploration This shift reflects a pattern that often happens as
