A report by Fitch Solutions states that the period 2018-2022 is starting to see a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment.
“We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6 percent annual growth,” the document reads.”We expect gold prices to continue to head higher, averaging USD1,275/oz in 2018 and USD1,400/oz by 2022,” it adds.
Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.