Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    Gold price seen hitting $4,920/oz: supply, demand and project signals for miners

    June 5, 2026|

    Reviewed by Joe Ashwell

    Gold price seen hitting $4,920/oz: supply, demand and project signals for miners

    First reported on MINING.com

    30 Second Briefing

    Gold prices are forecast by Metals Focus to average a record $4,920/oz in 2026, with total supply up 3.1% as mine production rises 2.4% to 3,907 tonnes and recycling grows 5.1%. Physical investment, which jumped 16% in 2025 and drove 803 tonnes of ETF inflows, is expected to overtake jewellery as the largest demand segment, while fabrication falls another 11% after a 19% drop to 1,646 tonnes last year. Central bank net purchases are seen staying high at 848 tonnes despite a 22% decline, reinforcing bullion’s role as a macro hedge.

    Technical Brief

    • Gold rallied 44% in 2025, its strongest annual performance since 1980, per Metals Focus.
    • Mine output reached a record 3,817 tonnes in 2025, with further incremental growth forecast in 2026.
    • Recycling supply is projected to rise despite “limited near‑market stocks” and investor reluctance to liquidate holdings.
    • Physical bar and coin investment hit a 12‑year high in 2025, driven by tariff and US debt concerns.
    • Exchange‑traded products saw 803 tonnes of inflows in 2025, the largest annual increase since 2020.
    • Jewellery fabrication dropped 19% in 2025 to a five‑year low, as consumers shifted to lighter, lower‑carat pieces.
    • Substitution towards platinum and gold‑plated products is reported where record bullion prices constrain traditional jewellery demand.
    • Central bank net purchases fell 22% in 2025 to 848 tonnes but stayed well above pre‑2022 accumulation levels.

    Our Take

    Metals Focus also features in our recent coverage of Russia’s claim to 480–500 tonnes of 2025 gold output, so its bullish price view here is being formed against a backdrop of contested supply statistics between Russia, China and the World Gold Council.

    The forecast 803 tonnes of gold ETP inflows and 848 tonnes of central bank buying in 2025 would, if realised, rival or exceed the annual mine output figures cited in the Russia–China production dispute piece, implying that investment and official-sector demand could absorb the equivalent of a major producer nation’s yearly supply.

    Lynas Rare Earths’ presence in this outlook links precious metals sentiment with the critical minerals space, and in our database Lynas is simultaneously expanding rare earths offtake agreements and influence via the Minerals Council of Australia, suggesting its strategic positioning may benefit from any capital rotation into hard-asset and critical-mineral plays driven by a sustained gold bull market.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    about 1 hour ago

    Sandvik underground fleet at Kamoa-Kakula: haulage and maintenance lens for engineers

    Sandvik has secured an order from Kamoa Copper SA for 19 Toro® underground trucks and loaders for the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, taking the site’s Sandvik underground fleet to more than 100 units. The equipment will support one of the world’s largest underground Sandvik fleets at a single mine, operated by the Ivanhoe Mines–Zijin Mining joint venture. For engineers, the scale signals sustained high-volume, trackless underground haulage and significant long-term demand for OEM parts, maintenance capacity, and fleet management systems.

    Mining
    about 1 hour ago

    Metso Durarok™ primary sizer at Yenipazar mine: design and throughput notes for engineers

    Metso has secured a €25 million order from Aldridge Mineral Madencilik A.Ş., part of CVK Mining, to supply key minerals processing equipment for the Yenipazar polymetallic mine in Türkiye, including one of its first Durarok™ primary sizers. The package, booked in Metso’s Minerals segment for 2026, will support primary crushing and downstream processing for a deposit containing multiple base and precious metals. For engineers, early adoption of the Durarok™ sizer at Yenipazar will be a reference case for hard-rock primary sizing performance in Turkish conditions.

    Mining
    about 1 hour ago

    Volvo Autona / earth autonomous haulage: key takeaways for mine planners

    Volvo Autonomous Solutions has launched Autona / earth, a commercial autonomous haulage system for mines and quarries built around an autonomous Volvo FH truck and an in-house developed virtual driver. The package is delivered as Transport-as-a-Service, with Volvo providing the vehicle automation stack, site infrastructure, operational support and maintenance rather than selling trucks outright. The system is designed to plug into existing mine haulage operations, signalling a shift towards OEM-managed autonomous fleets where OEMs assume more responsibility for uptime and performance.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental