PRECIOUS METALS

Gold miners facing production precipice

A COMMON theme among gold miners presenting at Mining Indaba this year was a desire to grow through the drillbit amid an expected decline in gold production.

Kristie Batten in Cape Town

Have we already hit peak gold? Image: iStock/farakos

Have we already hit peak gold? Image: iStock/farakos

The World Gold Council noted global gold production dropped by 1% in 2019, the first decline since 2008. According to a slide shown by Barrick Gold's Mark Bristow, global gold production will peak this...

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