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PRECIOUS METALS

Rain washes out gold hopes

AUSTRALIAN gold production was down 8% or six tonnes in the March quarter compared to the December quarter 2016, at 71.5t of gold, with Western Australia’s heavy rain and the effects of Tropical Cyclone Debbie on the east coast putting a damper on operations across the country.

Karma Barndon
Gold pour.

Gold pour.

However, according to mining consultant Surbiton Associates gold production for the quarter was similar to output in the 2016 March quarter, as wet weather early in the year disrupted production. Surbiton...

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