locations of the remaining known undeveloped deposits. "Consequently, the guaranteed depletion in the existing production mix coupled with a more realistic introduction of new mines into the mix (as opposed to our theoretical tomorrow scenario) makes it clear that barring multiple high-grade, multi-million ounce discoveries each year, a significant increase in gold production is unlikely. Moreover our calculations point towards gold production peaking at some point between 2022 and 2025 assuming the per year figure is maintained." Charles Jeannes, the CEO of Goldcorp, the world's largest gold miner by market capitalization, stated in September 2014 that Peak Gold would be reached in either 2014 or 2015. "Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he claimed. "There are just not that many new mines being found and developed." References Gold Gold