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At around 3600 tons per year it could be over. “Annual gold production has plateaued at around 3,600 tons per year, which is a sea change in the market after a long period of growth,” said John Reade in an interview with Capital. Reade is a market strategist at the World Gold Council (WGC), a lobbying association for gold miners. “Possibly the subsidy will even decrease in the future.” The limit seems to have already been reached, because according to WGC data, mines extracted the record value of exactly 3626.6 tons of the precious metal from the earth last year. This is a significant increase: ten years earlier, only 3002.8 tons were promoted.

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