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Tuesday, 30th August 2005 (4111 views)

The US is outdoing Australia in the gold stakes as output has risen there whilst it has fallen by an estimated three per cent in Australia.<br/><br/>Surbiton Associated consultancy claims that Australian output has fallen this past year ending in June from 273 to 265 tonnes.<br/><br/>Sandra Close, Surbiton's managing director, described the results as "pretty dismal".<br/><br/>"A critical question is whether many of the established producers can lift their performance," she expounded. <br/><br/>However, these discouraging results from Australia are offset by the reported increase in US production and demand still remains strong across a broad spectrum of countries notably in China and India.<br/><br/>It remains to be seen whether or not Australian gold mines can re-establish their position in the world's gold markets.<br/>

 

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