Gold production beats forecasts to hit highest level in 20 years

Original article by Matt Chambers
The Australian – Page: Online : 3-Sep-18

Australia’s gold miners produced 310 tonnes of the precious metal in 2017-18, according to consulting firm Surbiton. This represents the highest output since 1997-98, while production for the June quarter totalled 81 tonnes, nine per cent up on the previous quarter. Newmont’s Boddington mine in Western Australia was the biggest gold producer in 2017-18, with output of 733,000 ounces. The federal Industry Department’s Office of the Chief Economist is forecasting gold production will increase to 322 tonnes by 2019-20.

CORPORATES
SURBITON ASSOCIATES PTY LTD, NEWMONT AUSTRALIA LIMITED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BARRICK GOLD OF AUSTRALIA LIMITED, NEWCREST MINING LIMITED – ASX NCM, DACIAN GOLD LIMITED – ASX DCN, GASCOYNE RESOURCES LIMITED – ASX GCY, GOLD ROAD RESOURCES LIMITED – ASX GOR

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