Average lead time for new mines nearly 30 years

THE average mine takes nearly three decades to reach production from the time of discovery, latest data from S&P Global Market Intelligence shows.

Average lead time for new mines nearly 30 years Average lead time for new mines nearly 30 years Average lead time for new mines nearly 30 years Average lead time for new mines nearly 30 years Average lead time for new mines nearly 30 years

Gruyere, in WA, is one of the world's newest operations

Chris Hinde, a former editor at Mining Journal and founder of industry consultancy Pick and Pen, presented the data on the final morning of PDAC in Toronto.

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