Timmins & Beardmore - Northern Ontario

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Message: World Gold Supply Running Out

World Gold Supply Running Out

posted on Nov 12, 2009 11:14PM

"Ore grades have fallen from around 12 grams per tonne in 1950 to nearer 3 grams in the US, Canada, and Australia. South Africa's output has halved since peaking in 1970."

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html

Shepp

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