Tonogold Resources Inc (TNGL): Goldcorp: “We Have Hit PEAK Gold” Th...

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joeblow110percent

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Monday, 09/15/2014 11:44:41 AM

Monday, September 15, 2014 11:44:41 AM

Goldcorp: “We Have Hit PEAK Gold”

The CEO of the world's most valuable gold miner Goldcorp (TSE:G) says "peak gold" will be reached this year or in 2015.

Chuck Jeannes told the Wall Street Journal global gold production will start to decline "as easy-to-mine gold deposits become harder to find" and in the absence of any major technological breakthrough:
"Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he said. "There are just not that many new mines being found and developed."

http://www.mining.com/goldcorp-we-have-hit-peak-gold-48704/

This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.

http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/