| With the price of gold continuing to hold at near record levels, Australia's gold miners have switched to mining lower grades while also hedging their exposure to ensure ongoing access to the high price.
The latest quarterly survey by Surbiton Associates found a 2 per cent decline in March quarter gold production to 71 tonnes when compared with the previous quarter. March quarter output is usually weak due to the industry slowdown for summer holidays and the impact of the cyclone season, which slows output in mines in the country's north...............................................Full Article: Source
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