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A Gold Production Cliff Could Be Coming In 2017 (GLD)

Business Insider - 4 Feb 2013 02:20
A Gold Production Cliff Could Be Coming In 2017 (GLD) Cash flow has stalled for the world's major gold producers despite high gold prices, which probably means we're heading for a gold production cliff, according to National Bank Financial. That means higher prices. From NBF's mining analyst team, led by Steve Parsons: As gold companies grew, too few large deposits have been discovered to sustain current production rates. Though, in recent years, the development of a handful of large mines and the threat of others to follow provided the useful impr...
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