The deposit was found in Hunan province, and this significant geological discovery is set to dramatically alter the dynamics of the global gold market, as the identified gold reserves more than double the country’s current undeveloped resources.
According to reports, China now holds a 10.6% share of the global annual gold production, surpassing major gold-producing countries such as Australia and Russia, which each hold 10.3% of the total output.
The discovered deposit, containing dozens of veins, also has substantial reserves at deeper levels, promising long-term benefits from its development. Professional geologists and mining experts estimate that around 1,000 tons of gold can be extracted, which is worth over $83 billion USD.
This discovery will significantly boost China’s gold potential and contribute to further strengthening its position on the global stage, not only in terms of production but also in the financial markets.
