Higher gold price will add 10m annual ounces by 2020
By GCRU Gold News on Wednesday, August 31 2016, 01:07 - Permalink
BMI Research, a division of Fitch, predicts in a new report that gold miners will add 10 million ounces or more than 280 tonnes to global production with average annual growth of 2.7% for a total of 110 million ounces or 3,118 tonnes yearly output by 2020. This represents a slight deceleration in growth rate compared the previous five-year average of 3.2%.