Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation. With top producers facing declining production profiles, shrinking reserves and a return to rising production costs, the agency is expecting many to expand organic exploration in the near term ,while leveraging targeted acquisitions to supplement their depleted pipelines.
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