Kazakhstan's second gold mining company Solidcore: It is expected that gold prices will fall to $2500 within 12 months.

GoldenOctober2024

2025-04-25 16:22:32

Vitaly Nesis, CEO of Solidcore, Kazakhstan’s second-largest gold miner, said the company plans to produce about 15 tonnes of gold per year in Kazakhstan in 2025 and 2026. Gold has risen nearly 26% so far this year as U.S. tariffs sparked fears of a recession. Nesis expects gold prices to fall in the coming year. “I expect the price of gold to fall to $2,500 in 12 months,” he said. Gold will not return to the $1,800 to $1,900 level. The premium relative to the base level is here to stay. But the current situation is an overreaction to what is happening in the world. ”

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