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Australia boosts gold output

Posted on 04 March 2014

Output of gold in Australia, the world’s No. 2 producer, rose to its highest in a decade in 2013 as richer ores were mined to combat weak bullion prices, a survey released on Sunday showed.
The practice, known as high-grading, caused output to jump by 7 percent, or 18 tonnes, to 273 tonnes (8.8 million ounces) last year, worth about $9 billion and the highest since mid-2003, according to a tally by Melbourne-based consultant Surbition Associates. “The 2013 total gold output of 273 tonnes is the highest annual figure since 2003,” said Dr. Sandra Close, a Surbiton director………………………………………..Full Article: Source


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