Gold is getting harder to find as miners struggle to excavate more, World Gold Council says

By Lee Ying Shan – CNBC

• The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council.
  
• According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago.
  
• “It’s getting harder to find gold, permit it, finance it, and operate it,” said WGC’s John Reade.

The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council.