| The biggest gold bust in three decades is about to end a six-year expansion in mine output. From Russia to South Africa to North America, the biggest producers saw profits turn to losses as prices plunged, forcing them to cut spending on mines in half over three years.
While bullion output will probably reach a record in 2015, the increase will be the smallest in at least six years, before production drops 1 percent in 2016, according to Barclays PLC. Mines supplied 3 114 metric tons last year, an all-time high valued at about $127 billion, after companies stepped up investment to capitalise on prices that surged more than fivefold in the decade through 2011...............................................Full Article: Source
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