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Gold still shiny but Witwatersrand not new

AUSTRALIA’S gold production was steady in the last quarter, according to the latest report by Surbiton Associates, in the usual case of swings and roundabouts, but the Melbourne-based gold mining consultant warns caution is needed on the excitement in the market generated by the recent gold exploration rush in WA’s Pilbara region, because the use of the Witwatersrand model is nothing new.

Karma Barndon
The Fortescue Group geological formation in WA's Hamersley Ranges.

The Fortescue Group geological formation in WA's Hamersley Ranges.

In the three months to September, gold production totalled 74.1 tonnes, which was 1.4% less than in the June quarter and just under one tonne less than in the September 2016 quarter. Newcrest’s Cadia...

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