North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Curt Freeman
For Mining News 

Gold prices forecast to dip in 2014

Alaska production is on track for another robust year; output could surpass state's annual record of nearly 1.07 million ounces

 

Last updated 4/27/2014 at Noon



GFMS formerly known as Gold Fields Mineral Services) recently announced their outlook for gold prices in the coming months, estimating average 2014 gold prices in the US$1,225 per ounce range.

The price forecast is 13 percent less than the 2013 average of US$1,411/oz. Physical demand, including official sector purchases, came in at an all-time high of 4,957 metric tons in 2013, a 15 percent i...



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