2023 gold mine production growth stalls at 0.5%, according to the World Gold Council, due to challenges finding, permitting, financing, and operating mines.
The gold mining industry is struggling to find and excavate more gold, causing production growth to stall, according to the World Gold Council. Mine production increased only 0.5% in 2023 compared to the previous year, with WGC's John Reade stating it's harder to find, permit, finance, and operate gold mining. Since 2016-2018, mine production has plateaued and not seen growth since then.
June 10, 2024
3 Articles