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Only about 60% of potential new gold supply incentivised at $1 300/oz

Creamer Media Deputy Editor: North America
Only about 60% of potential new gold supplies are incentivised for a 12% internal rate of return, at a gold price of $1 300/oz, Wood Mackenzie (WoodMac) analyst Vince Madden-Scott told an audience during a recent mining convention, in Toronto. This spells a grim picture for an industry that is expected to see peak output this year, as reserve attrition bites and sends the industry into a potential structural decline going forward.

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