About this episode

Bob Quartermain discusses the challenges in finding gold deposits and the implications for gold prices.

Bob Quartermain says the world's great gold deposits are getting harder to find, and the price will have to rise to make up for it. Speaking with Kitco News at the Rule Symposium 2026, the Dakota Gold CEO and newly named Order of Canada member said the remaining deposits are deeper, lower-grade, and far costlier to find. "Those elephants at depth are rare, and they cost hundreds of millions of dollars to find," he said. "We're just gonna have to see a higher gold price to achieve the amount ...

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