Russia, Australia to drive global gold output growth
Global gold mine production growth will rebound in the coming years underpinned by higher gold prices and mergers between major mining firms, market analyst Fitch Solutions forecasts in its latest industry report.
Major mergers among global miners and an improving gold price outlook will boost global mine supply in the coming quarters, and Fitch forecasts global gold production to increase from 106moz in 2020 to 134moz by 2029, averaging 2.5% annual growth.
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