Australia’s gold output the highest in over 10 years
Cecilia Jamasmie | March 3, 2015
Gold output in Australia, the world’s No.2 producing nation after China, reached a record high in 2014, adding up 11 tonnes or 4%, a survey by mining consultants Surbiton Associates Pty shows.
Speaking to Reuters, Sandra Close, director at Surbiton and Associates, said that lower prices forced Australian gold miners to increase the grade of ore they were targeting and push their processing plants even harder.
"Superficially, the figures give the impression of a healthy and vibrant industry but you need to dig a little deeper to get the whole picture. Its not all good news," Close was quoted as saying..