Summary
China has discovered a large gold deposit in the Hunan province, with reserves estimated at over 1,000 tons, valued at approximately $85.9 billion. This discovery is among several recent findings in China, which are significantly increasing the country's gold reserves.
Key Facts
- China found a “superlarge” gold deposit in Pingjiang County, Hunan province, with estimated reserves of over 1,000 tons.
- The gold vein reserves are approximately 6,562 feet below the Wangu gold field.
- The value of the discovered gold is about $85.9 billion.
- Another major discovery in Laizhou, Shandong province, increased its gold reserves to over 3,900 tons.
- In 2024, the U.S. produced 160 tons of gold, valued at around $12 billion.
- Historical mining has produced around 216,265 tons of gold worldwide.
- China is ramping up its gold reserves with recent finds in multiple provinces, including Liaoning and the Kunlun Mountains.
