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Australian dollar prompts gold miners to dig deep despite price drop

Posted on 30 November 2015

Gold miners in Australia, emboldened by a weakening currency, have been increasing production in the face of a global rout in the precious metal, figures released on Sunday showed. Output by the world’s No.2 producer behind China climbed to 72 tonnes in the third quarter, up 1 per cent up on the previous quarter and 2 per cent higher than the same period a year ago, according to a survey by sector consultants Surbiton Associates.
“The declining value of the Australian dollar has once again been the great saviour of our gold sector and of the local resources industry in general,” Surbiton director Sandra Close said………………………………………..Full Article: Source


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