Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.
During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billion by 2015.
Key commodities like copper, iron ore and gold hit multi-year lows at the end of 2015 and early 2016 forcing major miners to focus on cost-cutting and shareholder returns rather than corporate finance or expansion.
Mining takeovers involving Canadian companies were valued at $16.6 billion in 2018, with the biggest being Toronto’s Barrick Gold paying $5.4 billion to take over Africa-focused Randgold Resources.
(With Bloomberg)
