{"id":1163638,"date":"2020-02-04T15:20:34","date_gmt":"2020-02-04T21:20:34","guid":{"rendered":"https:\/\/www.mining.com\/?p=1012879"},"modified":"2020-02-04T15:20:34","modified_gmt":"2020-02-04T21:20:34","slug":"gold-production-is-likely-to-keep-falling-says-barrick-boss","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1163638","title":{"rendered":"Gold production is likely to keep falling, says Barrick boss"},"content":{"rendered":"<p>Global gold production is likely to keep falling, said Barrick Gold (NYSE: GOLD TSE: ABX)&nbsp;boss Mark Bristow, on Tuesday.&nbsp;&nbsp;<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Bristow spoke at African Mining Indaba, the continent\u2019s biggest gathering of one of its most vital industries.&nbsp;<\/p>\n<p>Gold demand fell 1% in 2019 as a huge rise in investment flows into ETFs and similar products was matched by the price-driven slump in consumer demand, the World Gold Council (WGC) said in its latest report.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> 2019 was broadly a year of two distinct halves: resilience\/growth across most sectors in the first half of the year contrasted with widespread y-o-y declines in the second <\/p>\n<\/blockquote>\n<\/figure>\n<p>2019 was broadly a year of two distinct halves: resilience\/growth across most sectors in the first half of the year contrasted with widespread y-o-y declines in the second, the WGC reported.&nbsp;&nbsp;<\/p>\n<p>Global demand in H2 was down 10% on the same period in 2018 as y-o-y losses in Q4 compounded losses from Q3, notably in jewelry demand and retail bar and coin investment. Central bank demand also slowed in the second half \u2013 down 38% in contrast with H1\u2019s 65% increase.&nbsp;&nbsp;<\/p>\n<p>There is also a fear that the outbreak of the new coronavirus could harm the production of gold from China&nbsp;\u2013&nbsp;the largest producer in the world&nbsp;\u2013&nbsp;and Chinese imports, since the country also imports the commodity to supply its domestic demand.&nbsp;<\/p>\n<p>The China Gold Association also recently reported that demand for gold in China had fallen in 2019.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold demand fell 1% in 2019 as a huge rise in investment flows into ETFs and similar products was matched by the price-driven slump.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1163638"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1163638"}],"version-history":[{"count":10,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1163638\/revisions"}],"predecessor-version":[{"id":1163860,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1163638\/revisions\/1163860"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1163638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1163638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1163638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}