Porphyry ore deposits source much of the copper, molybdenum, gold and silver utilized by humankind. They typically form in magmatic arcs above subduction zones via a series of linked processes, beginning with magma generation in the mantle and ending with the precipitation of metals from hydrous fluids in the shallow crust. A hierarchy of four key "triggers" involved in the formation of porphyry deposits is outlined. Trigger 1 (10 2 -10 3 km scale) is a process of cyclic refertilization of magmas in the deep crust. Trigger 2 (10 1 -10 2 km scale) is the process of sulfide saturation in magmas that can both enhance and destroy ore-forming potential. Trigger 3 (10 0 -10 1 km scale) relates to the efficient transfer of metals into hydrothermal fluids exsolving from porphyry magmas. Trigger 4 (~10 0 km scale) identifies processes that lead to the final precipitation of ore minerals. Although all processes are required to a greater or lesser degree, it is argued that trigger 3, as an over-riding mechanism, can best explain the restriction of large deposits to specific arc segments and time periods. Consequently, recognition of the fingerprint of sulfide saturation in igneous rocks may help mineral exploration companies to identify parts of magmatic arcs particularly predisposed to ore formation.Ore deposits are scarce. Their discovery consumes considerable time and resources and only about one in every one thousand prospects explored by companies is eventually developed into a mine. Deposits often occur in clusters and formed within specific time intervals. This non-uniform pattern provides keys to understanding how and why metals accumulate in some places and not in others and its explanation is fundamental for mineral exploration.The most important metalliferous ore deposits are hydrothermal deposits, formed from hot waters circulating in Earth's crust. Such deposits represent a highly efficient trap where fluids were focused into a limited volume of rock, became supersaturated and precipitated ore minerals. In theory, this does not require unusual fluid compositions 1,2 as long as fluid focusing, sufficient fluid flux and efficient precipitation conditions can be maintained. Recently, this paradigm has been challenged by the recognition that ore fluids in sediment-hosted 3-5 , epithermal 6,7 and porphyryrelated [8][9][10] hydrothermal deposits can carry orders of magnitude more metal than previously considered probable, or measured in modern fluid samples. This suggests that our understanding of metal extraction and transport processes is incomplete.Here, this theme is explored by consideration of porphyry ore deposits [11][12][13][14][15] , remarkable geochemical anomalies that can contain up to 1 Gt of sulphur 16 , 200 Mt copper, 2.5 Mt molybdenum and 2600 t gold 17 . The most copper-rich examples include the 4-5 million-year old El Teniente and Rio Blanco-Los Bronces deposits in Central Chile, and the most gold-rich is the 3 million-year old Grasberg deposit in Irian Jaya, Papua New Guinea 17 .Porphyry deposits...