Higher Metal Prices | To Push Exploration Budgets...

: In 2024, despite record prices, gold exploration spending actually declined by 24% in some regions as capital markets tightened for riskier early-stage projects.

: Large producers are using high cash flows to focus on late-stage and mine-site expansion (extension of known deposits) rather than risky "greenfield" discoveries. 2. Emerging Trends for 2025–2026 Higher metal prices to push exploration budgets...

: Exploration budgets typically move with metal prices but often with a one-year lag . : In 2024, despite record prices, gold exploration