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From Yukon to Patagonia, Gold Explorers Stir After Sleep

  • Pockets of interest emerge in safe jurisdictions around world
  • Industry yet to see sustained surge in exploration financing
Cyanide extraction of gold may be used in areas where fine gold-bearing rocks are found. Sodium cyanide solution is mixed with finely ground rock that is proven to contain gold or silver, and is then separated from the ground rock as gold cyanide or silver cyanide solution.
Photographer: Chip Chipman/Bloomberg
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From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. 

The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. And while early-stage exploration budgets haven’t kept pace with spending at existing mines, prospecting hot spots are starting to pop up in traditional destinations Canada, Australia and Latin America.