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Junior miners 'the driving force' behind global gold production

The World Gold Council's Alistair Hewitt dropped into the Proactive London studio to chat through their first quarter 2019 gold demand trends report.

Global gold demand grew to 1,053.3 tonnes in the first quarter, up 7% on the same period last year, thanks to continued growth in central bank buying.

Hewitt says gold used in applications such as electronics, wireless and LED lighting fell 3% to 79.3 tonnes as a result of sluggish sales of consumer electronics and global economic headwinds.

He adds that the junior mining sector's now one of the driving forces of growth in production along with growth in the artisanal mining space.

 
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