Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tuesday. He noted that while the year-on-year increase of just under 1% in 2018 was the smallest in the last decade, output has risen by 40% since 2008.