Gold
Gold
Once a deposit is deemed economically feasible, mining operations commence, which can range from large-scale open-pit mines that move vast quantities of rock to underground mines that tunnel deep beneath the surface, or even alluvial mining that involves separating gold from riverbeds and ancient placers.
Primary Uses of Gold
The largest end-use, accounting for over 50% of global gold demand. Used in coins, bars, and exchange-traded products as a hedge against inflation and market volatility. Due to its excellent conductivity and resistance to corrosion, gold is widely used in connectors, switches, and microchips. Applied in treatments, diagnostic devices, and dental fillings due to its biocompatibility.
Key Facts & Benefits
- Assay Standards: Gold is used as a standard reference material in assaying and geochemical testing.
- Reagent Testing: Helps calibrate instruments and validate metallurgical processes.
Share in consolidated revenues
41.8%
Production
5,326 kg
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