In the period from 2012 to 2022, state expenditures on geological exploration (GRR) for gold mining decreased by almost half, to 2.6 billion rubles per year. The newspaper writes about this “Vedomosti” Referring to the report of the Central Scientific Research Geological Exploration Institute of Non-Ferrous and Precious Metals (TSNIGRI).
At the same time, the average value of contracts completed during the period increased by 7%, reaching 311 million rubles. The main reasons for the increase in search prices include inflation and work in hard-to-reach areas.
According to forecasts, state funding for exploration in 2024 may reach 2.49 billion rubles. We are talking about the costs of early stage studies on gold.
Gold prices last week Established new historical record. The price of the precious metal on the stock exchange rose above $2,200 per ounce for the first time.
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