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First Silver, Now Gold Production Reaching Its Peak - Randy Smallwood

Gold production is reaching its limit, warns Randy Smallwood, CEO of Wheaton Precious Metals. Speaking with Kitco News at the Mines & Money conference, the mining executive said this will be a key price driver for the metal moving forward. “I use a phrase called geological inflation - it’s getting tougher to find ore bodies and there’s not as much effort being put into it,” he said. “We can see already in silver production, where we’ve truly reached a peak. Gold is right around that stage too.”

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