Sprott’s “gold team said that 2015 may end up being the peak global production year for gold, at about 95 million ounces, with output in 2024 expected to fall to 78 million ounces. On an annualized basis, the decline would be about 2.2% a year, it said,” according to MarketWatch.

Related: 31 Gold ETFs Investors Should Size Up

While gold miner stocks and sector-related exchange traded funds look cheap after underperforming broader equities for years, some caution investors against betting too heavily on this area of the market as the sector rallies on strengthening bullion prices.

Gold miners currently trade at about a 59% discount to gold prices since 2009, have a price-to-book value of 1.0x and an average dividend yield of 2.8%, which makes the sector look attractive from a valuation standpoint.

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VanEck Vectors Gold Miners ETF