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What gives with junior gold miners? Many say we haven’t seen anything yet, and that some juniors are set to outpace the pack. But how could that be true? The fact of the matter is that global gold output has been dwindling by nearly 5 per cent per annum since it peaked in 2001. For …
What gives with junior gold miners? Many say we haven’t seen anything yet, and that some juniors are set to outpace the pack. But how could that be true?
The fact of the matter is that global gold output has been dwindling by nearly 5 per cent per annum since it peaked in 2001. For the past one decade, there has been hardly any new big gold discoveries. And, the new ones detected in this decade have not been that easy to dig out.
The reasons are clear: all the easy mines have already been explored and the world is clearly heading for a shortage of the yellow metal. Incidentally, the scarcity of world-class gold discoveries is already taking a toll on the mining industry’s bottom line.
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