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POSTED ON February 2, 2022  - POSTED IN Key Gold Headlines

Global gold mine production increased in 2021 as economies opened up after the first wave of the coronavirus pandemic. But mine output did not recover to pre-pandemic levels, and overall gold supply fell for the second straight year.

According to data released by the World Gold Council, annual mine production increased 2% year on year, growing to 3,560.7 tons last year compared to 3,474.7 tons in 2020.

POSTED ON July 17, 2018  - POSTED IN Key Gold Headlines

Global mine production fell slightly in 2017, the first drop in mine output since 2008. In fact, gold production has generally increased every year since the 1970s. The drop in 2008 was something of an anomaly, as it occurred at the onset of the 2008 financial crisis. The recent slowdown in mine production is more concerning. In fact, many people speculate we may be at or near “peak gold.”

POSTED ON October 16, 2017  - POSTED IN Key Gold Headlines

Australian gold output will peak in just four years and then begin a steep decline, according to a report issued by a Melbourne-based industry adviser.

According to MinEx Consulting analysis reported by Bloomberg Business, Australian mine output will max out in 2021 and then fall by half into the mid-2050s, as aging mines close down.

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