MANAGEMENT

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%.

Karma Barndon
Study paints bleak vision of the gold industry.

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. MinEx managing director Richard Schodde said most single-line and short- to...

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