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Gold momentum to test miners' discipline

Analyst sees geopolitical risk, M&A, resource growth and construction decisions as main 2020 themes

Henry Lazenby
WoodMac warns gold miners not to hastily adjust reserve models on the back of higher gold spot prices

WoodMac warns gold miners not to hastily adjust reserve models on the back of higher gold spot prices

The analyst cautioned miners not to repeat the ‘sins' of bull markets past. When the gold price peaked in 2011 many producers "eagerly, but disastrously", incorporated higher prices into reserve estimations....

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