Global supply of gold summary

The top 7 producers are China (370t), Australia (250t), US (230t), Russia (205t), Sth Africa (170t and ex No. 1), Peru (165t) and Canada (102t).  China and Russia are rising and keep all of theirs bolstering their foreign reserves (keeping 21% global production of the world market).  Peru’s supply is rising but the remaining 4 of top 7 are in dramatic decline.  Most of these stats were prior to last month’s price correction which adds considerable pressure to the viability of many mines.