Further decline in Australian gold production during Q1

[pmbug]

According to a report published by the consulting firm Surbiton Associates, Australian gold production continued to drop in Q1 – for the third quarter in a row. During Q1 Australian gold producers extracted a total of 62 tonnes of the yellow metal. This is 5% less than the previous quarter and 4% less than the same period last year.
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More: http://www.goldmoney.com/gold-resea...-in-australian-gold-production-during-q1.html

 

[ancona]

The easy gold is largely gone, and remaining gols is typically measured in grams per ton. Extracting gold from teh earth will bea business in permanent decline unless it is discovered somewhere else, like eastern Siberia or the hinterlands of Alaska.