Gold is getting harder to find as miners struggle to excavate more, World Gold Council says
Publishing timestamp: 2024-06-09 21:28:28
Summary
The gold mining industry is struggling to sustain production growth as deposits of yellow metal become harder to find, according to the World Gold Council. Mine production only inched up 0.5% in 2023 compared to the previous year, with new deposits becoming increasingly difficult to discover. The industry is facing challenges in securing permits, financing, and operating mines, leading to a plateau in production growth since 2016-2018.
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Keywords: gold / us dollar spot, commodity markets, business news,