Gold output to hit new high in 2019
S&P Global Market Intelligence expects Further growth of 2.3 Moz in 2019 According to S&P Global, Market Intelligence, gold production increased for the 10th consecutive year in 2018 to 107.3 million ounces (Moz), and is expected to reach a new record high of 109.6 Moz in 2019, according to the latest metals and mining research by S&P Global Market Intelligence. Although the year-over-year increase of just less than 1% was the smallest in the last decade, output has risen by 40% since 2008. Christopher Galbraith, Research Analyst at S&P Global Market Intelligence, said, "We believe the forecast growth of 2.3 Moz in 2019 will be the strongest growth in the past three years, debunking commentary calling for peak gold. More than half of the increase is projected to come from new mines that are expected to come on stream this year or have recently commissioned." "Looking at the current project pipeline, we expect output to stay steady...