HomeGoldSA gold output down another 10%

SA gold output down another 10%

Gold “’ lowest SA
output in 86 years
Johannesburg, South Africa — MININGREVIEW.COM — 09 September 2009 – South Africa’s gold output fell 9.3% year-on-year in the second quarter of 2009, despite being measured against lower gold production in the same period last year when output fell due to a power shortage.

Revealing this in a statement issued here, the South African Chamber of Mines added, however, that production had risen 0.4% quarter-on-quarter to 51 634 kg in the second quarter of 2009, compared with the first quarter of the year.

The Chamber also revealed that it had revised upwards production numbers for the last quarter of 2008, for 2008 as a whole and for the first quarter of 2009.

For the fourth quarter of 2008, the output had been revised to 55 665.5 kg from 55 241.5, while for the whole year production had been revised to 220 551.3 kg from 220 127.3 kg.

For the first quarter of 2009, output has been adjusted to 51 411.4 kg from 49 713.6 kg.

Reuters reports that South Africa’s overall gold output in 2008 fell to its lowest level in 86 years due to the power shortage and dwindling grades. As a result it has fallen, and is now the number three producer behind China and the United States.