September gold down

SEPTEMBER quarterly gold production was down almost 5% on the previous quarter on the back of lower output by some of the country’s biggest gold miners, according to the latest survey by Melbourne gold mining consultant Surbiton Associates.

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Gold keeps its glitter

There was 81 tonnes of gold was produced in the September quarter, down four tonnes on the June quarter for production worth about $7 billion, at an average gold price of $2670 per ounce.