Australian Gold Production Drops From All-Time Highs

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.

(Image by hamiltonleen from PixaBay)