Australia\u2019s gold mine output totalled 327 tonnes in 2020, a record for any calendar year and about 1.5 tonnes more than in calendar 2019, according to Melbourne-based gold mining consultants, Surbiton Associates. The full calendar year\u2019s production was down slightly on that of the twelve months to 30th June, 2020.<\/p>\n\n\n\n
In the December quarter of 2020, gold production rose by two tonnes to 83 tonnes compared with the September quarter 2020.<\/p>\n\n\n\n
\u201cAlthough Australian gold production is remaining near record levels, we are seeing a significant overall drop in the grade of ore being treated,\u201d said Dr. Sandra Close, a director of Surbiton Associates. \u201cThis is a rational response to the higher gold prices during the year.\u201d<\/p>\n\n\n\n
\u201cThe 327 tonnes of gold (approximately 10.5 million ounces) produced in 2020 was worth A$27 billion, based on the average daily Australian dollar gold price,\u201d Dr. Close said. \u201cAustralia is the world\u2019s second largest gold producer and most of the gold is exported.\u201d<\/p>\n\n\n\n
In 2020, the global coronavirus pandemic and its social and economic impacts dominated the news. The uncertainty saw the gold price rise as the year progressed, setting an all-time record gold price on 6th August 2020 of US$2,067 per ounce and A$2,868 per ounce. Subsequently prices have fallen but still remain relatively high.<\/p>\n","protected":false},"excerpt":{"rendered":"
Australia\u2019s gold mine output totalled 327 tonnes in 2020, a record for any calendar year and about 1.5 tonnes more than in calendar 2019, according to Melbourne-based gold mining consultants, Surbiton Associates. The full calendar year\u2019s production was down slightly on that of the twelve months to 30th June, 2020. In the December quarter of…<\/p>\n","protected":false},"author":1,"featured_media":5330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,100],"tags":[],"thb-sponsors":[],"class_list":["post-5329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold","category-in-focus"],"acf":[],"yoast_head":"\n