| Logic suggests there should be a sharp reduction in mined gold output due to lower gold prices, but this has not been the case. The fall in the gold price over the past few years has generated numerous predictions that this would lead to a big drop in global gold production. Mining companies ought to close unprofitable mines, halt expansion plans, and put new projects on hold.
But this has not been the case. Global gold production has continued to rise and is predicted by mainstream gold analysts Metals Focus, GFMS, and the CPM Group, to continue to do so this year. Heading into 2016, it should stabilise before beginning to fall in 2017, failing a gold price recovery...............................................Full Article: Source
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