Australian gold production reached 80 t during the three months to June, Melbourne based gold consultants Surbiton Associates reported, with production up 11% on the rain-affected March quarter. The gold output for the 2022-2023 financial year totalled around 306 t, some 10 t or 9% lower than in the previous financial year.
PERTH – Australian gold production reached 80 t during the three months to June, Melbourne based gold consultants Surbiton Associates reported, with production up 11% on the rain-affected March quarter.
Close said that last financial year’s gold output was worth almost A$30-billion at current gold prices of around A$3 000/oz. The Australian dollar gold price averaged A$2 956/oz in the June quarter, almost A$200/oz more than the A$2 762/oz recorded in the March quarter. Tanami in the Northern Territory, also owned by Newmont, was the third largest producer for the year at 440 000 oz. After a poor performance in the March quarter due to wet weather, it increased production substantially by an extra 63 000 oz in the June quarter.
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