Australian gold production fell by nine tonnes for a total of 74 for the March quarter, down 11 per cent on the previous quarter, according to gold consultants Surbiton Associates.
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Australian gold output declines
Surbiton Associates director Sandra Close believes Australia's gold production in 2020 may surpass last year's record results despite output dropping in the September quarter.
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Australia remains world’s second largest gold producer
Australian gold production experienced a strong recovery during the June 2020 quarter, with output totalling 85 tonnes, more than 10 per cent above the March quarter.
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High Aussie gold prices contribute to lower production: Surbiton
Australian gold production fell by 10 tonnes, or 12 per cent from the previous quarter during the March period, according to gold consultants Surbiton Associates.
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Australian gold production achieves all-time highs
Australian gold production reached an all-time record of 325 tonnes last year, with a particularly outstanding December quarter, according to Surbiton Associates.
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Gold price forecasting equitable to ‘wishful thinking’
An industry expert, Surbiton Associates director Sandra Close has warned those interested in gold to be aware of the shortcomings of gold price forecasts being made, given the volatility of the precious metal.
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Australia posts highest gold output in 20 years
Australian gold output neared record highs during the 2017–2018 financial year, totalling 310 tonnes, or just under 10 million ounces (Moz). It is the highest output since the 1997–1998 financial year.
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Diggers & Dealers: Aussie gold miners happily hedge
Most of the locally-listed Australian gold producers are well placed to deal with the recent strength in the Australian dollar, thanks in part to their use of gold sales’ hedging mechanisms, according to gold mining consultants Surbiton Associates.
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