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Gold production will grow in coming years: BMI

Gold production will grow in coming years: BMI

A report by BMI Research states that global gold mine output growth will pick up in the next few years, supported by higher gold prices and solid projects in key countries.

-We forecast global gold production to increase from 105moz in 2018 to 125moz by 2026, averaging 2.3% annual growth. While a steady pace of growth, this represents a slight deceleration in growth rate compared with the previous eight-year average of 3.1%,- the firm says.

For short-term prices, BMI predicts that they will continue to head higher, averaging $1,300/oz in 2018.

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