SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sea_urchin who wrote (7180)8/17/1999 6:41:00 PM
From: goldsheet  Read Replies (2) of 81187
 
One item in the article is the notion that primary mine production might decrease - "I wouldn't be surprised to see total mine supply drop by 20-40% within five years"

I think this is highly unlikely. The strong are getting stronger and producing more at a lower cost. The top 5 miners produce 25% of the world's gold, and the top 20 produce over 50%.

I have a project "in progress" that compiles mine production from 1970-to-date. The two key items are 1) world gold production has doubled from 40 million to 80 million ounces and 2) South Africa's shares has gone from 2/3 to under 25%.

The page is far from done, but feel free to take a look:
goldsheet.simplenet.com

Comments most welcome.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News