Falling gold production expected
In the last nine years, the amount of gold mined by the gold mines has increased every year. In 2017, approximately 101 million ounces of the precious metal were brought to light. This is confirmed by the figures of the World Gold Council. The reason why a decline in mine production is nevertheless expected in the coming years can be explained as follows: Investments in exploration expenditures have declined extremely.
This is because they react very quickly to a low gold price and less money flows from the mining companies. However, since gold companies do not immediately pull the ripcord when spending money on the development of new mines, gold production is still rising. A delayed reaction occurs. And that is why, according to the World Gold Council, less gold will be produced in the coming years.
Low gold prices, lower exploration spending and less development of new projects should consequently lead to a stronger gold price. The next few years will show whether this will then be the "peak gold", i.e. the peak of global production after which production figures will go down. An investment in gold, especially gold stocks, should therefore not be wrong at the moment.
Here Maple Gold Mines or TerraX Minerals are ideal. Maple Gold Mines' Douay Gold Project - https://www.commodity-tv.net/c/search_adv/?v=298484 - is located in northern Quebec, in the Abitibi Greenstone Belt. The drilling program has been successful to date, important mineralized areas have been expanded and new gold zones have been discovered. A total of at least 3.2 million ounces should be included in the project.
TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=298245 - with its Yellowknife City gold project is also located in Canada, more precisely in the Northwest Territories. Through an additional purchase, the project now covers an enormous 780 square kilometres of land. Up to 171 grams of gold per ton of rock have already been found.
Current corporate information and news releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc.html).
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