How To Manage Gold Mines In Victoria 3

The gold mines are an important aspect of the economy in Victoria 3 and essential to process gold.

Gold mines serve an important role in Victoria 3. They help you process the gold that you discover on your nation’s soil and add value to your gold reserves. In order to fully understand the purpose of these mines, we first need to talk about gold reserves and how gold can be discovered in the first place. 

Key Highlights
  • Gold reserves in Victoria 3 signify a nation’s wealth and fluctuate based on income and expenses.
  • Gold mines can increase gold reserves, but there are diminishing returns after a certain threshold.
  • Discover gold by viewing information about a nation’s states and identifying ‘Discoverable Resources.’
  • Two discovery options: ‘Gold Rush’ for migration bonus or ‘Keeping the Gold’ for an income bonus through minting.
  • Gold mines are the primary method to process and utilize discovered gold

Gold Reserves

Victoria 3 gold mines
Discoverable Resources. [Image credit: eXputer]

The gold reserves directly represent the cash that a nation has at any given time. Just like how leftover money goes into increasing the gold reserves, the gold reserves can also be decreased. This happens when a country has more expenses than its budget it has. It can also happen in cases where the country owes a debt to another country, which comes out of the gold reserves. 

Limits

The gold reserves have certain limits in the game. You cannot endlessly hoard gold, otherwise, the game would have been unbalanced. After a certain threshold, the gold added to the reserves has diminishing returns. This means that if you add gold worth £5,000 to your reserves after you reach the limit, you will only gain a profit of £1,000 in your reserves.

This mechanic serves as an incentive for players to actively spend their wealth in various fields, instead of accumulating it.

Discovering Gold

Victoria 3 gold mines
Gold as a resource. [Image credit: eXputer]

In order to discover gold in your nation, you need to view the information about its states. When you click on the overview of your nation, you will be able to see whether or not you can build gold mines in your nation. If you see a sign saying ‘Discoverable Resources’, then that is a good start. This means that you can discover resources such as gold in that state. The sign suggests that there are undiscovered resource deposits in that area. . In case you discover gold in your nation, you will be faced with two options. They are as follows:

  • Gold Rush
  • Keeping The Gold

We will now cover the two options in more detail.

Gold Rush

A gold rush is a simple option that isn’t hard to understand. When you see a pop-up in your game that prompts you to pick and you pick the gold rush, the gold rush will begin in that state. This means that your nation will get added bonus to migration. The exact multiplier for this bonus is 50% and the bonus can remain active anywhere from two to five years. 

Keeping The Gold

  • licking the other option in the pop-up keeps the gold, providing a bonus to income through the act of minting.
  • Minting involves generating income by printing new currency or casting another currency in relation to the GDP.
  • Nations with gold mines or gold fields benefit significantly from minting as a way to process the discovered gold.

Gold Mines

Victoria 3 gold mines
Gold mines. [Image credit: eXputer]

Some basic information that you should keep in mind about gold mines in victoria 3 is as follows:

  • Gold mines produce +10 gold per level.
  • They consume tools at a rate of +5 per level. 
  • They increase employment for shopkeepers and laborers by +500 and +4500 per level, respectively.
  • They improve urbanization at the rate of +10 per level. 
  • They consume an infrastructure usage of +2 per level as well.
  • The base construction cost for a gold mine is 300 construction.
  • The gold mines have multiple levels and they can be upgraded on top of that.
  • Increasing the level of the gold mines will lead to an increase in overall productivity.

Gold Fields

Gold fields are the enhanced version of the gold mines. They require the same Prospecting technology as gold mines. For the most part, they perform the same function as gold mines. Which is, to mine gold. Where they differ is in the production department. 

Here is some basic information regarding gold fields that you should keep in mind:

  • Gold mines produce +20 gold per level.
  • They increase employment for shopkeepers and laborers by +500 and +4500 per level, respectively.
  • They improve urbanization at the rate of +10 per level. 
  • They consume an infrastructure usage of +2 per level as well.

Summary

You will come across many instances in Victoria 3 when you need to have a lot of gold. In case you are not satisfied with how the game looks, we have a solution for you. Don’t forget to check out our detailed guide on the best mods in Victoria 3 where we have listed the top 10 popular ones for you to try out. This will enhance how the game looks and plays out. 

With that, you should be all set to manage your gold mines in Victoria 3. Check out our beginner’s guide in case you are a new player. If you want a more in-depth guide to some of the mechanics in the game, be sure to check out our Victoria 3: War System, if you are interested in the warfare aspect.

Want to know more about the trade center in the game? Check out our Victoria 3 Trade Center guide for that. If you want to learn more about the trade routes then check our guide on that as well!

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Kashaf is an RPG and Battle Royale enthusiast and can be seen spending most of her time battling other players in Naraka Bladepoint or improving her skills in Diablo 4. She loves to curate builds based on her own expertise and writes guides to help the audience become pros in no time. She kicked off her writing career on eXputer with several years of experience. You can follow Kashaf's gaming activity on her Steam profile.

Experience: 3+ Years || Education: Bachelors in Journalism.

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