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Ronnie Stoeferle: Nonferrous exploration budgets set at $16.5 billion for 2026

Ronnie Stoeferle: Nonferrous exploration budgets set at $16.5 billion for 2026
Exploration budgets for 2026 surge

Ronnie Stoeferle reports that nonferrous exploration budgets are projected to reach $16.5 billion in 2026, marking a 33% year-over-year increase.

According to Stoeferle, this amount represents the third-highest budget since 1997. He notes that gold exploration accounts for $8.5 billion of the total, rising 38% year-over-year and representing more than half of the budget, while lithium exploration is down 33%.

Stoeferle recently summarized at the Denver Gold Americas Forum that the current gold cycle is not following historical patterns, as detailed in his keynote remarks at Gold market conditions differ from previous cycles. He previously launched the new Gold Compass, presenting over 40 charts and proprietary models focused on gold, silver, miners, and macroeconomic indicators, as reported in New Gold Compass release features over 40 charts on gold and silver. These earlier reports reflect Stoeferle's ongoing analysis of sector trends.

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