Gold lustre to fade

A REPORT by MinEx Consulting on the long-term outlook for Australia’s gold industry forecasts that over the next 40-years gold production and revenues will drop by half, the number of operating mines by a third and total employment by 70%.

Gold lustre to fade Gold lustre to fade Gold lustre to fade Gold lustre to fade Gold lustre to fade

Study paints bleak vision of the gold industry.

It also says there is a 90% chance that over the same time period the gold price will be between $793 and $2258 per ounce.

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