Golden prospectsHerisau, )
The result was that global gold supply will increase by 2.7 percent in the current year compared to 2021 and then decline after 2022. This year, lower gold scrap supply will be offset by higher gold mine production. This is based on the assumption that an improving economic situation will probably discourage many from selling gold jewelry. Gold scrap will therefore be down two percent in 2022, according to forecasts. Production of the precious metal is estimated to increase 3.7 percent in the current year. This is mainly due to mining activities in Australia, Canada, the United States and Papua New Guinea. The second largest gold producing country is Australia and around 305 tons of gold are expected to come from there in 2022.
After 2022, when gold supply is expected to decline, about 0.7 percent less gold is expected annually. For 2027, production is expected to be 3,737 tons of gold. The reason for the lower gold production is lower gold recycling activities and thus a lower gold scrap supply. Also, the closure of unprofitable mines worldwide is expected from 2025, which will further tighten the supply of gold. Rising production costs will ensure more unprofitable mines. In addition, strict environmental regulations in China could cause gold production to decline. Gold and gold stocks are always part of a well-diversified portfolio. One could think of Tarachi Gold or OceanaGold, for example.
Tarachi Gold - https://www.youtube.com/watch?v=IRnRAFCd8WI - is a junior gold exploration and development company with prospective projects in the Sierra Madre Gold Belt and Mexico.
OceanaGold - https://www.youtube.com/watch?v=TNc9Z3i4NVY - is one of the established gold producers. The projects are located in New Zealand, the Philippines and the USA.
Current corporate information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) .
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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