08/11/17

World’s Largest Gold Producer China Sees Production Fall 10%



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World's Largest Gold Producer China Sees Production Fall 10%
// Silver For The People

 

goldcore.com / By janskoyles / November 7, 2017

– Gold mining production in China fell by 9.8% in H1 2017 
– Decreasing mine supply in world's largest gold producer and across the globe
– GFMS World Gold Survey predicts mine production to contract year-on-year
– Peak gold production being seen in Australia, world's no 2 producer
– Peak gold production globally while global gold demand remains robust

Editor Mark O'Byrne

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Gold production in the world's largest gold producer and buyer fell by nearly 10% in the first half of 2017 in what may be another indication of peak gold.

Chinese mine production registered the largest drop globally to total 207 tonnes in the first half of 2017, down 23 tonnes, or 9.8% year-on-year. In the same period last year the country produced 230 metric tons.

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