The current price of gold is around $2,612.93 per ounce, but this value can change depending on the market and the time of day. In Spain, there are several active gold mines. However, the mining sector only accounts for 1% of the country's GDP, despite the great opportunities due to its geological wealth. Some of the most famous gold mines are Mina El Valle-Boinás and Mina Salave.
The gold market is one of the largest and most dynamic in the world, with a turnover of around 4.42 kilotons in 2024, and is expected to grow to 6.32 kilotons by 2029. The Salave mine, in Asturias, is one of the most important gold deposits in Europe, with a rich history and great potential that has been exploited since the Roman period, writes A2.
The Salave mine is known for its lagoons, the result of previous mine explosions, and this has led to controversy over environmental impacts. Projects like this face opposition from local environmental groups, who argue that the environmental costs outweigh the economic benefits. Although the mine could contain up to 300 tons of gold, the mining process could take 5 to 10 years to become profitable.
AsturGold was the last company to attempt exploitation, but it ended up in court. Now, Exploraciones Mineras del Cantábrico (EMC) is on the waiting list, despite having been fighting in the courts for two years. (A2 Televizion)
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