The Stunning Collapse of Gold Production in South Africa
SOURCE: [Mining.com] – The latest production numbers for gold production in South Africa further confirms the yellow metal’s decline in South Africa.
Statistics South Africa newly released data says gold production during the last three months was down 5.9%. From Nov 2014 to Jan 2015 the seasonally adjusted base was 74.4 compared to 79.1 that was produced from Aug 2014 to Oct 2014.
The drop is not a blip but part of a larger trend that goes back several decades, writes an analyst for the statistics agency:
Historical values of the gold index show the extent of how production has fallen.
The post The Stunning Collapse of Gold Production in South Africa appeared first on Gold Editor.
Source: http://www.goldeditor.com/the-stunning-collapse-of-gold-production-in-south-africa/
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