Gold output in key countries to slump to ‘generational’ lows — report
Mining.com reports that gold output in key producing countries, such as Australia and Peru, is set to slump to generational lows in the mid-term even though bullion production grew for nine consecutive years, reaching an all-time high in 2017.
While S&P Global Market Intelligence does expect output to rise reach new highs this year, to 108 million ounces, as well as in 2019 and 2020, it doesn’t see growth across the board.“In the case of Australia, despite production being on track to hit a 26-year high of 10.2 Moz in 2019, we estimate that Australian gold production will start to decline thereafter,” says S&P analystChris Galbraith.