Loading ...JOHANNESBURG (miningweekly.com) – Gold’s long-term fundamentals are perfectly aligned for a constantly increasing price, starting six to nine months out.
This is because the gold mining industry has gone ex-growth.
An increasing number of analysts are reaching the conclusion that new gold supply is under threat and some forecasts show 2025 as having 30% less gold – 20 t of gold instead of 30 t.
“That’s great for gold,” Randgold Resources CEO Dr Mark Bristow commented to Creamer Media’s Mining Weekly Online from London on Thursday, after his company delivered an outstanding set of results for the three months to the end of September.
cont. http://www.miningweekly.com/article/randgold-2016-11-03