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Decade of gold mine declines poised to spur deals, prices

Wednesday, November 16, 2016 - 05:50

Randgold's Kibali mine in Africa. The number of newly discovered primary gold deposits fell to 3 in 2014, from a peak of 37 in 1987.


GOLD'S dwindling pipeline of new mines is poised to usher in a decade- long output slump, spurring prices and delivering a new impetus for dealmaking and industry consolidation, according to Goldcorp Inc, the third-largest gold producer.

Mine supply may fall about a third

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