Current prices (kg): Gold €114.614 Silver €1.646
    
Go back
Other questions
Related questions
What is the lifespan of a gold mine? Why is the price of gold rising or falling? What does carat mean? How big is the gold market? What types of gold mines are there? Why do central banks own so much gold? Where are the above-ground gold deposits? Can you counterfeit gold with tungsten? What is the difference between buying physical gold and an exchange-traded gold product such as the iShares Physical Which Dutch coins are used for investments? Why should I buy gold? How much gold is used in industry? What investment coins are there? What size gold bar or coin do I choose? Are there any other uses for gold? How does the VAT margin scheme on silver coins work? What does the spot price mean? Can the government demand (confiscate) gold? Why is gold so valuable? Do I pay VAT on silver coins? How do I know if the gold is real? Will gold ever come back as money? Is the savings plan precious metal account physically secured? What is the difference between platinum and palladium? How much gold is there in the world? Which countries have the largest gold reserves? What is an ETF? What is the difference between silver coins and silver bars? Why doesn’t the gold price change over the weekend? What does the LBMA quality mark mean? Why are gold coins and bars more expensive than the price of gold? Which silver coin is best to buy? What are bullion coins? How harmful are gold mines to the environment? Cheapest provider of gold How much gold comes out of gold mines each year? Is the purchase of silver exempt from VAT? Do I pay VAT on silver? How is gold recycled? Where is the Netherlands in the top 10 gold countries? Do I choose platinum and palladium coins or bars? What is the daily fixing for gold? What does the supply and demand of gold consist of? (The Golden Tree) What is the Central Bank Gold Agreement? How much gold comes out of recycling each year? How is the weight of gold expressed? Which gold coin is best to buy? When did the Netherlands leave the gold standard? Do I pay VAT on platinum and palladium? How much gold is left in the ground? Which silver bar should I choose? How has the gold price developed over the longer term? How much gold does a gold investment coin contain? Which countries have the largest production of gold? Do I choose gold coins or gold bars? Can I take my gold abroad? How much gold is used for jewelry? Why do countries have a gold reserve? What does the gold agreement entail? How much silver does a silver investment coin contain? How can I invest in gold? Do gold bars have a certificate? Is gold exempt from VAT? Is the gold price being manipulated? What is the difference between gold coins and gold bars? What are LBMA gold bars? Do silver bars have a certificate? How much gold is used for gold bars and gold coins? What is Gold? Where is gold found in the world? Is gold scarce? Where can I buy gold? Can silver discolor?
How long does it take to start up a gold mine?

It usually takes several years to start up a gold mine, because it is first necessary to map out the size of the gold reserves and where they are located. In this phase, exploratory drilling will be carried out at various locations. This requires experienced geologists who can carry out the drilling and analyse it in laboratories.

Historical data is used to map gold reserves, combined with geological maps. At the site itself, measurements are made of the physical properties of the soil, such as variations in density, magnetism, electrical conductivity and radioactivity. Special equipment can also be used to examine the soil from the air. This is done with aircraft that fly at an altitude of 60 to 200 meters.

Exploratory drilling in the search for gold

 

Did it work? Let us know!
Is your question not answered?
Please fill in the contact form with your question.
Or contact us by phone: 
+31(0)88 468 8400
We care about your privacy

You can set your cookie preferences by accepting or rejecting the various cookies described below

Necessary

Necessary cookies help make a website more usable by enabling basic functions such as page navigation and access to secure areas of the website. Without these cookies, the website cannot function properly.

Necessary
Preferences

Preference cookies allow a website to remember information that changes the way the website behaves or looks, such as your preferred language or the region you are in.

Statistics

Statistical cookies help website owners understand how visitors interact with websites by collecting and reporting information anonymously.

Marketing

Marketing cookies are used to track visitors across different websites. The aim is to display ads that are relevant and appealing to the individual user and therefore more valuable to publishers and third-party advertisers.