Unrelenting Decline--Australia gold output falls for third consecutive quarter

摘要

Gold production in Australia declined by 5% quarter-on-quarter and by 4% year-on-year in the first three months of 2012, mining consultant Surbiton Associates reported last week.Australia produced 621 of the precious metal in the first quarter.Surbiton said in its quarterly review that this was the third consecutive quarter that gold production had declined, with lower output attributed to a number of factors, including the effects of the wet weather."The March quarter often has lower gold production and this year was no exception," said Surbiton director Dr Sandra Close.