I see yearly Gold demand is around 4000t(just under 4k for 2020 because of COVID) which equals 128Moz of Gold needing supplied pa ... now some will come from scrap around 10% so least 118Moz of Gold Production needed pa ...
Gold mine production totalled 3,531 tonnes in 2019, 1% lower than in 2018, according to the World Gold Council. This is the first annual decline in production since 2008.
Top 10 biggest Gold mines in the world
https://www.mining-technology.com/fe...0the%20surface.
https://www.bbc.com/news/business-54230737
I can't seem to find anything on how many oz of Gold have been discovered yearly of late ... I know Aus Production is dropping very sharply over this decade