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Proactive analyst raises concerns over 'dwindling gold reserves' by the majors

Proactive's mining analyst, Dr Ryan Long, takes a look at the gold majors, who have got themselves into what he describes as an uncomfortable position.

He says the relatively low proven and probable reserves they have means that at current production rates, the gold majors only have an average visibility on the next twenty-two years of production - 25% below 2011 and 2012 levels.

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