Australian gold production down 5% in March quarter
Australian gold output fell 5% from the December 2012 to March 2013 quarters, but improved slightly year-over-over, reported Peter Ker for The Age Monday.
Australia's number one producer, Newcrest Mining, has endured a tough month, watching its share price fall 5% in one day, reaching an 8-year low. As a result of the drop, Newcrest is no longer Australia's third largest miner behind BHP Billiton and Rio Tinto.
Recent Australian gold mining news has been littered with layoffs, including bad news from Barrick Gold's Western Australia operations earlier in June.
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