The BMI Research report says that global gold production growth in the coming years is based on the forecast of higher gold prices and solid projects in key countries.
The firm predicts modest output growth in the Russian gold sector, while the US sector will see robust growth in gold production, supported by rising prices and the stimulation of new projects through the Trump-led environmental looser.
“We project that global gold production will increase from 105 million in 2018 to 125 million by 2026, an average growth rate of 2.3% per year. Despite robust growth, this represents a slight slowdown in growth from the previous eight-year figure of 3.1%, ”the report says.
On a near-term outlook, BMI predicts that prices will continue to rise to an average of $ 1,300 per ounce in 2018.
As with many metals, Chinese deals affect gold when it comes to production and price. According to business analysts, large Chinese firms will increase their investment in foreign gold mining companies, as the growth in demand for gold in the country is far outstripping the pace of production, which will stagnate in the coming years at around 16.5 million ounces.
World gold production will grow in the coming years
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Azovpromstal® 1 December 2017 г. 11:29 |
