There are 4 billion ounces of gold in people's hands, enough to fill a cube 60 feet on a side.
He paid very little for Donlin and then got a good deal for another remote deposit, Galore Creek, and its 14 million ounces of gold and 12 billion pounds of copper in northwestern British Columbia.
At the end of last year, it had the largest reserves of all gold miners with 138 million ounces of proven and probable gold reserves, 1 billion ounces of silver reserves, and 6 billion pounds of copper reserves.
Based in Pheonix, Phelps Dodge has copper mining operations in the U.S., Chile, Peru and Congo, while New Orleans-based Freeport operates the vast open-pit Grasberg gold, copper, and silver mine in Indonesia, and has reserves of about 37 billion pounds of copper and 40 million ounces of gold.
Milligan project has proven and probable reserves of about 2.1 billion pounds copper and 6 million ounces gold, and there is a huge likelihood of finding similar reserves in the Serengeti properties.
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But you must not forget that gold is still precious to two billion Chinese and Indians.
For full year 2012, Freeport now anticipates copper sales of 3.6 billion pounds and some 1 million ounces of gold.
The adjusted reserves will be 103.6 billion pounds of copper and 17 million ounces of gold.
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The Oyu Tolgoi deposits reportedly contain 79 billion pounds of copper and 45 million ounces of gold.
We estimate that the consolidated copper sales will be 3.9 billion pounds and 1.6 million ounces for gold during 2011.
Its gold outlook remained steady at 1.6 billion ounces.
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Their profits rose 4% to 35 billion yuan, hardly impressive and mostly due to the fact that gold prices declined last year after the fiscal cliff fiasco abated in Washington.
Then, on November 15th, came the Rentenmark, worth 1, 000 billion paper marks, or just under 24 American cents, like the gold mark of 1914.
McEwen said the company has a large resource base of 7 million ounces of gold, 230 million ounces of silver and 18.5 billion pounds of copper, the latter through the Los Azules copper project in Argentina.
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The gold mavens of the west have nothing on China, 1.3 billion strong.
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