In 1988 Brazil was the 5th largest gold producer in the world.
Its current level of output characterizes it as a junior gold producer.
Russia remains the second biggest gold producer in the world.
The winner would become the world's biggest gold producer.
One key question is how far prices will rise before gold producers increase production.
They might just be able to do it, South Africa is the world's biggest gold producer.
The deal would make Newmont the world's biggest gold producer.
That floor is a result of a major decline in hedging by gold producers over the last two years.
The combined company would rank among the top 10 global gold producers.
Still the announcement by 15 central banks was a victory for gold producers.
