Thursday, April 19, 2018

Gold mining output continues to decline as number one producer China reports 3% drop in first quarter 2018

We have written a few times that the potential for Peak Gold production may have occurred sometime back in 2016, and subsequently over the next two years the overall global output has been in a steady decline.  And here in the first quarter of 2018 this trend appears to be continuing as China, the world's largest gold producer, reported a 3% QoQ drop in gold output during this period.

GOLD MINING output in China fell almost 3% in the first 3 months of 2018 compared with the same period last year, according to new data. 
That extends the 6% annual drop recorded in 2017 according to the latest statistics from government-backed body the China Gold Association. 
The world's No.1 gold-mining nation produced 98.2 tonnes in the first quarter, the CGA said down from over 101 tonnes a year earlier.- Bullion Vault


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