Gold mine supply to increaseKitco News reported that gold-mine supply is set to increase in 2013, with a number of large-scale start ups likely, according to analysts. The precious metals news outlet quoted one analyst saying that gold-mine supply could increase 4.3 percent, from 80.5 million to 83.9 million ounces this year. New projects adding to supply include Rio Tinto's (LSE:RIO,NYSE:RIO,ASX:RIO) Oyu Tologi's copper-gold complex in Mongolia, Detour Gold's (TSX:DGC) Detour Lake project in Ontario, Canada, and the Pueblo Viejo mine in the Dominican Republic — a joint venture between Barrick Gold (NYSE:ABX,TSX:ABX) and Goldcorp (TSX:G,NYSE:GG).
Gold Slips Back After Fiscal Cliff Euphoria
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.