Between 2010 and 2021, gold production increased steadily until 2018, before leveling and falling.
13 Aug 2023, 08:59
Between 2010 and 2021, gold production increased steadily until 2018, before leveling and falling. Along with a small decrease in gold production from 2020 levels, there were no new major gold discoveries in 2021. Meanwhile, annual demand for the yellow metal increased by 10%, up from 3,651 tonnes to 4,020 tonnes.
The fall in production and long-term lack of gold discoveries point towards a possible imbalance in gold supply and demand. This calls for the introduction of new gold development projects that can fill the supply-demand gap in the future.