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Byline: SIMON MUNDY
Slump in output sees SA miss gold bonanza Contributing Writer SA's gold production suffered a quarterly fall of 15% in the first three months of this year, as the country's ageing gold mines proved unable to capitalise on near-record prices for the metal.
Gold output in the quarter to March was 43928kg a sharp fall from the 51682kg produced in the previous three months, and a 12,4% annual fall.
This shows that the consistent decline in SA's gold production over the past three decades is continuing, Frost & Sullivan analyst Wonder Nyanjowa said.
The gold price has soared in the past two years as investors sought a safe haven …