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Cyclones slash Australian gold production in March quarter

From miningweekly.com

Australian gold mine production fell to 70 t in the March quarter, from 77 t in the December quarter, as a series of cyclones moved inland, with heavy rain wreaking havoc on the country's main gold producing regions in Western Australia, Queensland and the Northern Territory. “Gold production is dislocated almost every March quarter,” said Melbourne-based Surbiton Associates director Dr Sandra Close.“In late-December 2023, cyclone Jasper flooded parts of Queensland. This was followed by cyclone Kirrily in late-January, Lincoln in mid-February and Megan in mid-March. In Western Australia, cyclone Lincoln returned, ... (full story)

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  • Category: Fundamental Analysis