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Miners are Running Out of Gold- BBG

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Dec 27, 2016.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Miners are Running Out of Gold- BBG


    [​IMG]


    by Soren K.
    23/12/2016 9:25 AM

    Gold Miners Are Running Out of Metal: Five Charts Explaining Why
    Gold may have a volatile year and ended on a disappointing note. But dwindling supply, shrinking finances to get at what's left, and a potential "Peak Gold" event are raising eyebrows in the mining industry. - Soren K.

    Mined Gold down 85% from 2006
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    Miner's Don't Have Capital to Spend on Projects
    [​IMG]





    Reserves are Down 40% Since 2011
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    New Supply Will top out in 2019
    [​IMG]



    Industry Consolidation Means Shrinking Production
    [​IMG]

    Source

    https://www.marketslant.com/articles/miners-are-running-out-gold-bbg
     
  2. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Didn't you hear? They are going to start mining the asteroids and moon for gold and platinum. Plenty up there for the taking for centuries.
     
  3. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    this happens every cycle,

    the sector gets hammered, then cash dries up, and reserves dwindle.
    those charts are just reflecting this fact is all,

    the positive is................ 'the cure for low prices is low prices'
     
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  4. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    you would think ocean mining would be the next step.........when prices get where they need to be
     
  5. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    We all know how cheap that will be...........
     
  6. Professur

    Professur Midas Member Midas Member Site Supporter ++

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    I think they used Hoffman as a consultant for this
     
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