Gold output in South Africa, the world's largest producer of the precious metal, slid 7.5 percent last year to 8.845 million ounces (275,119 kg), the lowest since 1922, the Chamber of Mines said on Wednesday.
Fourth quarter output fell 3.1 percent to 2.19 million ounces (68,118 kg) compared to the previous quarter, the chamber added in a statement.
During both the quarter and the year, a slight increase in the amount of ore mined was not enough to offset a fall in grades.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment