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Shrugging Off The Costello Curse: AU Output Rsing

Australia finally seems to be producing more Gold and there even seems to be some increased exploration beginning to happen. Quite a relief as the Australian Gold Miners and Explorers took a huge hit after the Costello mis-adventures… see earlier posts…

Australian gold output seen up in 2009 - Surbiton
31/05/2009 12:00:14 PM

SYDNEY, May 31 (Reuters) - Australia’s annual gold production is set to rise for the first time in 12 years in 2009 as new mines start up and existing operations expand in response to the precious metal’s price soaring towards $1,000 an ounce.

The country’s output of the precious metal rose 3 percent in the first quarter this year from the same quarter a year earlier to 54.5 tonnes or 1.75 million ounces, gold industry consultancy firm Surbiton Associates said in a report released Sunday.

Read full article: http://money.ninemsn.com.au/article.aspx?id=820046

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This entry was posted on Sunday, May 31st, 2009 at 2:06 pm and is filed under Uncategorized. Both comments and pings are currently closed.



One Response to “Shrugging Off The Costello Curse: AU Output Rsing”

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