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Miners and explorers also lack services, equipment, skilled labor, and infrastructure in these locations. It could be years before investors begin to return to “fringe” mining jurisdictions, despite their potential. But there’s one country that could be back in favor much sooner – Turkey. Turkey is partially located on a geological structure that may yield gold
As Umit Akdur, head of the Gold Miners’ Association of Turkey noted, gold exports reduced the current account deficit of Turkey by $1.9 billion in 2012, around 3% of the current account deficit for that year 2. As a result the political environment is positive for gold mining.