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Data from the World Gold Council reveals that approximately 210,000 tons of gold have been extracted globally thus far, with a significant portion, around a quarter, still lying undiscovered beneath the Earth’s surface. It’s estimated that within Serbian mines alone, there are roughly 700 tons of gold yet to be unearthed.
This surge in gold prospecting is evidenced by the Ministry of Mining and Energy’s report, indicating that currently, 31 companies are actively engaged in geological explorations for gold and associated metals across Serbia. This marks a nearly twofold increase in gold exploration endeavours compared to just a year ago.
According to ministry officials, gold is commonly found in association with copper, and the exploitation of ore, which yields gold among other metals, is predominantly carried out by three key companies. The Geological Survey of Serbia’s mineral reserve balance, as of the end of 2022, estimates proven reserves of copper, gold, and related
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