A new report from GFMS analysts noted that primary gold shipments continued to fall in the fourth quarter of last year. In addition, 2016 was the first calendar year of such a significant drop in mine output since 2008.
Global gold mine shipments fell 22 tons, or 3% year on year, according to the Gold Survey GFMS. In the total volume for 2016, a 2% decrease was recorded on an annualized basis to 3168 tons.
The drop in gold entry was mainly due to the suspension of operations at mines in Shandong, Shanxi and Xinjiang provinces in China. Tightening safety and environmental protection were the main reasons for the 12% annualized production decline, which provided a 15 tonne loss for China and global production.
The authors of the report noted that “there are relatively few new projects and plans to expand existing mines this year, and those in the near term are rather modest in scale, so we believe that the global mine supply will continue the multi-year downturn in 2017. ".
Global gold production will continue to decline
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Azovpromstal® 28 January 2017 г. 11:26 |
