Reply to "Gold Board records 451,490 ounces - declarations exceed 2015 target"

Former Member

In fact their is no increase in production, the gold now being declared is from miners who were hoarding in anticipation of a price rebound. Now that the trend of low gold price is obvious, miners are now cashing in their stashes just to stay afloat. Many mining equipment are now up for sale with few buyers. The sale of new mining equipment has grounded to a halt and application for new claims are non existent.

1/2/164:57 PM

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