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Blackrocks Evy Hambro sees gold supply declining

Victoria Hewitt-Marsh, News Editor
13 Jan 2014, 12:43 p.m.

Evy Hambro, fund manager of the world’s largest precious metals fund Blackrock & General has stated, “Very few gold companies are making any profit.” In television interview with Bloomberg the fund manager indicated that world gold supply may decline as producers start to close expensive mines as their focus shifts to cutting costs and existing profitable mines.

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