Mammoth spend needed to maintain gold production

THE gold industry must invest around US$37 billion on new projects by 2025 to keep production at 2019 levels, energy and research consultancy Wood Mackenzie said on Wednesday.

Mammoth spend needed to maintain gold production Mammoth spend needed to maintain gold production Mammoth spend needed to maintain gold production Mammoth spend needed to maintain gold production Mammoth spend needed to maintain gold production

The gold sector is in need of investment. Image: iStock/artisteer

'Peak gold' was already becoming a possibility before the COVID-19 outbreak, but WoodMac said the the summit was now in sight.

Merger and acquisition activity had grown companies, but not production.

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