Australia’s gold mine output in the September quarter declined by 5 per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates (SA).
September quarter’s production was the lowest quarterly output since Australia’s weather affected quarter in March last year.
Backtracking to 2018/2019, Australian gold output reached an all-time record high of 321 tonnes, valued at approximately $22 billion at current market value.
Surbiton director Sandra Close said two major factors contributed to the lower production in the September quarter.
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