According to the latest GFMS Q4 Gold update and survey, the top 10 gold producing nations for 2015 were as follows (the figures are estimats so the total production figures may yet be subject to adjustment as further data comes in):
Top 10 Gold Producing Nations (tonnes) – 2015 (Estimated) (GFMS)
|Rank||Country||2014||2015 E||Change YOY|
|Rest of World||1096.7||1096.3||0%|
Source: GFMS, Thomson Reuters
While the figures show that global gold production increased again in 2015, it was only by an almost infinitesmal 0.2% and the precious metals consultancy saw a significant downturn beginning in Q4 and reckons the trend towards lower global new mined gold output has at last started to kick in, and that this trend will continue. This suggests that Peak Gold may well have been reached in Q3 2015. To read more on this click on World’s Top 10 Gold producers – Peak Gold already here?