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Old Mother Hubbards

It seemed to start in September last year during the biggest fortnight for the gold industry, centred around the Denver Gold Forum and Beaver Creek Precious Metals Summit in the US, during which the issue of depleting reserves usurped long-running concerns over balance sheet repair and profitability.

Old Mother Hubbards Old Mother Hubbards Old Mother Hubbards Old Mother Hubbards Old Mother Hubbards

In reality, the pending problem of waning reserve bases among major gold producers started several years ago when miners cut back all but near-mine exploration in the face of a plummeting gold price.

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