Weather Foul Up Leads to Poor Australian Gold Production

By International Business Times,  June 25, 2012, 01:19:52 AM EDT

Australia's production of the safe haven yellow metal gold continued to decelerate in the third quarter, spurred largely by the wet weather conditions.

Australia's gold production in the January-March period dropped to 62 metric tonnes, a slide of 5 per cent from the previous quarter and 4 per cent from a year ago, data released Sunday by Melbourne-based mining consultants Surbiton Associates Pty. Ltd. showed.

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This article appears in: Investing, Commodities

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