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Australia’s gold output down 5 pct in Q1 - survey

Posted on 17 June 2013

Australia’s gold output fell 5 percent in the first quarter on weather-related disruption and a weaker currency would likely have cushioned a sharper fall in the current quarter when the metal’s price plunged, a consultant said.
Output at the world’s no. 2 gold producer after China fell to 63.5 tonnes in the first quarter from 67 tonnes in the fourth quarter of last year, according to the latest Gold Quarterly Review by Surbiton Associates. The decline equates to around $170 million worth of gold based on the current bullion price……………………………………..Full Article: Source


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