2012-11-13 — bloomberg.com
There were three discoveries last year, compared with 11 in 1991, and none of those can be described as "supergiant," or holding more than 20 million ounces, Sokalsky said at a conference in Hong Kong. Breakeven costs were rising, he said today, predicting gold's bull market shows no signs of ending.
"I don't see a surge in gold production if we saw a gold price of $3,000," Sokalsky said. "At a higher gold price, we'd still be experiencing the same challenges. I'd suggest there'd be very limited response to that higher gold price."
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