Australia's gold production may rise to record in 2018

ArticleMining sectorMarch 8, 2018 - 8:30:38 AM

Gold output from Australia, the world's second-largest producer, may rise to a record this year as a stream of new projects come online, Australian mining consultancy Surbiton Associates said on Sunday.

Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years, boosting output as a strengthening U.S. dollar supercharged Australian dollar prices which were then flowed into exploration.

Production in 2017 rose by 3 tonnes from the year before to 301 tonnes, equal to about 9.7 million ounces and the highest since 1999, due to the ramp-up of a string of new operations, said Surbiton in a report...

On the same subject