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Gold Miners Are Running Out of Metal: Five Charts Explaining Why

  • Exploration proving more difficult and firms have cut capex
  • Gold mining CEOs turning to deals to combat dwindling reserves

Gold’s had a roller-coaster year, surging as much as 30 percent before giving up the bulk of those gains. But one trend has been consistent: mining companies are finding it harder to dig up more of the precious metal.

The following charts show why, and what that means for the industry.