On average, it takes 16.9 years from the discovery of mineral resources worldwide to production. Out of this total timeframe, the first 12.5 years on average correspond to the longest stage: discovery, exploration to feasibility; whereas the following 1.8 years are on average are dedicated to construction planning. Meanwhile, the last stage - construction to production - takes around 2.6 years on average.
Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019
(in years)
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Canary Media. (February 4, 2022). Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019 (in years) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/
Canary Media. "Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019 (in years)." Chart. February 4, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/
Canary Media. (2022). Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019 (in years). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/
Canary Media. "Average Lead times for Mineral Resources Worldwide from Discovery to Production between 2010 and 2019 (in Years)." Statista, Statista Inc., 4 Feb 2022, https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/
Canary Media, Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019 (in years) Statista, https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/ (last visited December 22, 2024)
Average lead times for mineral resources worldwide from discovery to production between 2010 and 2019 (in years) [Graph], Canary Media, February 4, 2022. [Online]. Available: https://www.statista.com/statistics/1297832/global-average-lead-times-for-mineral-resources-from-discovery-to-production/
