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S& Global Platts Crude & Refined Products Market

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Gold Exploration Trends 2026


Annual exploration budget trends analysis built on S&P Global survey with over 2,160 companies globally, backed by 28 years+ of exploration budget data and research insights.

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Record gold prices are reshaping exploration decisions — and 2025 marked the first gold exploration budget increase in three years. Gold exploration budgets rose 11% to $6.15B, representing nearly 50% of the global non‑ferrous exploration budget. But the headline growth hides a critical shift: spending remains biased toward lower‑risk, near‑mine projects, while grassroots exploration fell to a new record-low share of 19%. In the report gold-exploration-trends-2026, you’ll find:
  • Where budgets are concentrating by company type
  • How “near‑mine" exploration accounted for more than half of 2025 gold budgets
  • Regional signals for exploration investment
The report flags a structural concern—without stronger early‑stage investment, the industry risks a future supply gap that could increase volatility and constrain growth.

Gain a clear view of the forces shaping gold exploration trends in 2026.






















Gold exploration trends view from the full report.






Get the Gold Exploration Trends Analysis

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