By Nick Wright | 13 March 2017
S&P Global Market Intelligence's Mined Supply: Gold report is a quarterly study on global gold production by the major gold producers.
Highlights from the latest edition are below.
The past year was one of guarded optimism for the gold market, with a strong first half tempered by a volatile last few months. Despite the turmoil, preliminary production results for the December quarter supported relatively stable quarterly mine supply year on year (up 1%). We estimate that gold production in the fourth quarter of 2016 was roughly 24 Moz. This was about 2% less than the previous quarter (25 Moz).
In 2016, many major gold producers started to reap the rewards of their persistent efforts to reshape their companies. Higher ore throughput, higher-grade ore and a rebounding gold price were all positive factors for gold producers. As a result, many returned to profitability in the year, or at least narrowed their losses significantly.
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