The last paragraph in that article is very tellingAnd as Highper pointed out in the previous post It may be the summer doldrums for some, but the current market has presented a massive opportunity for the mid-tier gold miners to make some great investments in their future..
The last paragraph in the article confirms, mid tiers and also majors ! The chart below by Crescat Capital predicts the proven and probable reserves of the top 20 gold producers will start to fall in 2028, and continue their downward slide to 2039. If the forecast is correct, the top 20’s total gold reserves will go from 45-46Moz in 2028, to zero in the following 10 years. “Gold companies are actively out searching for new projects, but really because of the lack of resources in the next few years, we need companies that can provide a lot of ounces to the market,” says Rob Kientz from GoldSilver Pros.