Gold industry requires $37bn investment to maintain 2019 output

MINING WEEKLY | The gold industry will need to bring on line eight-million ounces in the next five years to maintain 2019 levels of production, consultancy firm Wood Mackenzie (Woodmac) said on Wednesday, warning that the gold supply summit was in sight.

This equated to about 44 projects and based on the average project capital intensity of $4 610/oz, it would require an investment of about $37-billion in greenfield and restart projects by 2025.

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