Ann: 2022 AGM Chair's address and corporate presentation, page-9

The gold price is likey close to peak.
Over the next three months the gold price will likely bleed down to 1500usd If India goes into recession you will see $ 1 trilliion usd or 20000 tons of gold dumped onto the market.
June quarter will be break or make or make india'
https://indianexpress.com/article/explained/explained-economics/recession-india-narayan-rane-predicting-8387428/

The expectation created within the media will likely cause a contraction in the ecomomy and esculate a recession.
It appears that india is going to be the last to feel a recession and when it does happen the gold price will get hammered.

Rms return on investment too low
Increasing interest rates will increase demand for highter yield and rms 1% return will see it abandoned as a gold investment. Other gold miners will be more attractive with higher yield. If you combine this factor with rising costs and closing or delayed mines it will make RMS profits and return unpredictable.