Global gold output to remain weak despite price recovery

Global gold mine output will remain depressed this year despite a major recovery in the precious metal prices, which are up almost 20% since January, a new report by BMI Research says.

As miners remain focused on cutting costs and divesting from non-core assets, the analysts forecast global gold production to increase slightly, from 98.4 million ounces (moz) in 2016 to 106 moz by 2020, averaging 1.8% growth.

Global gold output to remain weak despite price recovery