Mining.com/Staff/6-16-2020
“A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms. ‘We forecast global gold production to increase from 106moz in 2020 to 133moz by 2029, averaging 2.5% annual growth,’ the document states. ‘This would be an acceleration from the average growth of just 1.2% over 2016-2019.’”
USAGOLD note: Still a weak number, in our view, despite accelerating prices and demand and unlikely to threaten current price trends.
