The Australian Government-s Department of Industry, Science, Energy and Resources has been studying gold supply. 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 percen
Of interest to gold mining companies and also investors are the ore grades of a project. How many grams of gold are in a ton of rock is one of the most important pieces of information. This is because the gold content plays a decisive role in determining the economic feasibility of a mine. If the ore is higher grade, then more gold can be produced at lower cost. If the ore grade is low, more material has to be processed, i.e., more money has to be spent. Most gold projects contain one to four gr
Twice, the gold price almost broke through the US$2,000 mark. Support levels were held. Gold is in a bull market that is anything but shaky. Gold investors should therefore be on the right side. The government probably wants to counter inflation as a gold price driver, keyword compensation payments for increased energy prices. However, such fiscal policy measures usually have only a short-term effect. Such instruments, as we have already seen in the pandemic, are less suitable for a long-term ef
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