Gold – a very precious metal

The land that’s produced over a 1000 All Blacks has also produced more than 1000 tonnes of gold – or 33 million ounces! That’s the haul over about a century and a half of mining – longer than we’ve been producing All Blacks. And in today’s dollar values, the booty has been worth a staggering $30 billlion. But don’t worry, there’s plenty were that came from. Best estimates from a GNS Science study in 1999 reckon there is about $45 billion worth still to be had. Further studies are increasing these estimates of gold resources and the price of gold has nearly doubled since 1999.