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Australian gold production drops in September quarter

From miningweekly.com

Australian gold production declined by around 4 t, to 78 t, during the September quarter, or around 5%, compared with the previous quarter, gold mining consultants Surbiton Associates reported. September quarter’s production was the lowest quarterly output since the rain affected March quarter in 2018. Australian gold output reached an all-time record of 321 t in 2018/19, worth around A$22-billion at current prices, with Australia being the world’s second largest gold producing country after China.“Two major factors contributed to the lower production in the September quarter,” said Surbiton director Dr Sandra Close. ... (full story)

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  • Category: Fundamental Analysis