Precious Metals
Visual Capitalist Launches “The Money Project”
Introducing: The Money Project
We are proud to announce the launch of The Money Project, an exploration of the meaning of money itself.
The aim of The Money Project is to understand the evolving nature of money, and to try to answer the difficult questions about the role that money plays in finance, investments, and accumulating wealth. We will do this through the use of rich visuals, such as infographics, data visualizations, motion graphic videos, and interactive content.
Over the next year, we will publish new additions to The Money Project every 1-2 weeks. We hope that the end result is a rich and intuitive library of resources for the average person to understand the nature of money, and how it affects our wealth and investments.
This week, we start by publishing two foundational infographics: What is Money and The Properties of Money.
These infographics highlight some of the basics of money, as well as some of the common questions we will continue to explore as the project continues.
Click on the two infographics below to access The Money Project microsite, and keep your eye open for new content by subscribing to Visual Capitalist.
View What is Money?
View The Properties of Money
Get in Touch:
Do you have questions on how money affects your wealth and investments? Email us at money (at) visualcapitalist.com to let us know your questions, and we will try to answer them in the The Money Project.
Founding Partners:
The following two companies are the founding partners of The Money Project:
Visual Capitalist is a leading financial media site that creates and curates enriched visual content focused on emerging trends in business and investing.
Texas Precious Metals was ranked by Inc. 500 as the #200 Fastest Growing Private Company in America. Texas Precious Metals has low premiums, free shipping, spectacular products, and fanatical customer service.
Mining
Visualizing the New Era of Gold Mining
This infographic highlights the need for new gold mining projects and shows the next generation of America’s gold deposits.
Visualizing the New Era of Gold Mining
Between 2011 and 2020, the number of major gold discoveries fell by 70% relative to 2001-2010.
The lack of discoveries, alongside stagnating gold production, has cast a shadow of doubt on the future of gold supply.
This infographic sponsored by Novagold highlights the need for new gold mining projects with a focus on the company’s Donlin Gold project in Alaska.
The Current State of Gold Production
Between 2010 and 2021, gold production increased steadily until 2018, before leveling and falling.
| Year | Gold Production, tonnes | YoY % Change |
|---|---|---|
| 2010 | 2,560 | - |
| 2011 | 2,660 | 3.9% |
| 2012 | 2,690 | 1.1% |
| 2013 | 2,800 | 4.1% |
| 2014 | 2,990 | 6.8% |
| 2015 | 3,100 | 3.7% |
| 2016 | 3,110 | 0.3% |
| 2017 | 3,230 | 3.9% |
| 2018 | 3,300 | 2.2% |
| 2019 | 3,300 | 0.0% |
| 2020 | 3,030 | -8.2% |
| 2021 | 3,000 | -1.0% |
Along with a small decrease in gold production from 2020 levels, there were no new major gold discoveries in 2021. Meanwhile, annual demand for the yellow metal increased by 10%, up from 3,651 tonnes to 4,020 tonnes.
The fall in production and long-term lack of gold discoveries point towards a possible imbalance in gold supply and demand. This calls for the introduction of new gold development projects that can fill the supply-demand gap in the future.
Sustaining Supply: Gold For the Future
Jurisdictions play an important role when looking for projects that could sustain gold production well into the future.
From political stability to trustworthy legal systems, the characteristics of a jurisdiction can make or break mining projects. Amid ongoing market uncertainty, political turmoil, and resource nationalism, projects in safe jurisdictions offer a better investment opportunity for investors and mining companies.
As of 2021, seven of the top 10 mining jurisdictions for investment were located in North America, according to the Fraser Institute. Here’s a look at the top five gold-focused development projects in the region, based on measured and indicated (M&I) gold resources:
| Project | M&I Gold Resource, million ounces* | Grade (grams/tonne) | Location |
|---|---|---|---|
| KSM | 88.4Moz | 0.51g/t | British Columbia 🇨🇦 |
| Donlin Gold** | 39.0Moz | 2.24g/t | Alaska 🇺🇸 |
| Livengood | 13.6Moz | 0.60g/t | Alaska 🇺🇸 |
| Côté Gold | 13.6Moz | 0.96g/t | Ontario 🇨🇦 |
| Blackwater | 11.7Moz | 0.61g/t | British Columbia 🇨🇦 |
*Inclusive of mineral reserves. **See cautionary statement regarding Donlin Gold’s mineral reserves and resources.
Located in Alaska, one of the world’s safest mining jurisdictions, Novagold’s Donlin Gold project has the highest average grade of gold among these major projects. For every tonne of ore, Donlin Gold offers 2.24 grams of gold, which is more than twice the global average grade of 1.03g/t.
Additionally, Donlin Gold is the second-largest gold-focused development project in the Americas, with over 39 million ounces of gold in M&I resources inclusive of reserves.
Novagold is focused on the Donlin Gold project in equal partnership with Barrick Gold. Click here to learn more now.
-
Markets12 hours agoMapped: 2023 Inflation Forecasts by Country
Inflation surged on a global scale in 2022, hitting record-level highs in many countries. Could it finally subside in 2023?
-
Technology2 days agoRanked: America’s 20 Biggest Tech Layoffs Since 2020
How bad are the current layoffs in the tech sector? This visual reveals the 20 biggest tech layoffs since the start of the pandemic.
-
Datastream3 days agoSuper-Sized Bets for Football’s Big Game (2013-2022)
Expanding legalization has driven an increase in bets on football’s big game, with wagers more than doubling from 2021 to 2022. (Sponsored Content)
-
Datastream5 days agoRanked: The Top Online Music Services in the U.S. by Monthly Users
This graphic shows the percentage of Americans that are monthly music listeners for each service. Which online music service is most popular?
-
Markets6 days agoCharted: Tesla’s Unrivaled Profit Margins
This infographic compares Tesla’s impressive profit margins to various Western and Chinese competitors.
-
Markets7 days agoMapped: GDP Growth Forecasts by Country, in 2023
The global economy faces an uncertain future in 2023. This year, GDP growth is projected to be 2.9%—down from 3.2% in 2022.
-
Datastream5 days ago
Ranked: The Top Online Music Services in the U.S. by Monthly Users
-
Automotive2 weeks agoThe Most Fuel Efficient Cars From 1975 to Today
-
Datastream3 days ago
Super-Sized Bets for Football’s Big Game (2013-2022)
-
Technology4 weeks agoPrediction Consensus: What the Experts See Coming in 2023
-
VC+2 weeks agoGet VC+ Before Prices Increase on February 1st
-
Technology2 days ago
Ranked: America’s 20 Biggest Tech Layoffs Since 2020
-
Energy4 weeks agoMapped: Biggest Sources of Electricity by State and Province
-
Economy2 weeks agoThe $16 Trillion European Union Economy