| World gold production may peak this year, as plummeting prices for the precious metal make it difficult for companies to develop new mines. According to a report by the World Gold Council, the industry's market development organization, production rose 2% to 3,114 tons last year from the previous year, setting a new record for the sixth straight year.
However, the report also said gold production will reach its highest point in 2015 and then slow. Given the WGC was established by mining companies, the report could be seen as a message from gold producers that they will reduce output..........................................Full Article: Source
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