Australia’s gold output down 5 pct in Q1

Author: Eamonn Sheridan | Category: News

Weekend news out showing a decline in Australian gold production in the first quarter of the year:

  • Australian gold production down 5.1% in Q1 2013 on Q4 2012
  • Nevertheless, output was up 1% y/y
  • Interruptions due to more severe weather than usual were cited as a reason for the fall in the quarter
  • Some signs local miners are slowing, but the decline in the Australian dollar of late has helped boost the local price of gold

More at Bloomberg and Reuters

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose