Last Updated :
20 February 2012 at 18:05 IST
Source :Commodity Online
Gold mine supply to keep growing modestly: Barclays
LONDON (Commodity Online): Barclays Capital looks for continued but modest growth in global gold supply from mines. In a daily research note, they note that the world’s largest producer, Barrick Gold Corp., on Thursday reported that fourth-quarter output was up year-on-year but dipped marginally for full-year 2011.
“Despite gold prices averaging higher over the past 10 years, global gold production has grown at a subdued rate. We continue to expect supply to grow this year, albeit modestly,” Barclays concluded.
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