PRECIOUS METALS

Talk of peak gold production overdone

SPECULATION the gold industry has seen 'peak production' is overdone and does not corroborate with the fact that the world’s top gold producers held enough resource firepower in their portfolios to keep the industry going at current levels for another 50 years, according to the head of mine economics at Metals Focus, Charles Cooper.

Henry Lazenby in Colorado Springs
Head of mine economics at Metals Focus Charles Cooper

Head of mine economics at Metals Focus Charles Cooper

Gold mine production was up 17.4%, or 2.6% per year from 2010-2017, to a new record 107.4 million ounces expected this year, up from 89 million in 2010. Growth would moderate to about 0.5% in 2019, with...

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