Global gold output to remain weak despite price recovery
By GCRU Gold News on Thursday, May 12 2016, 06:53 - Permalink
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.