Weekend news out showing a decline in Australian gold production in the first quarter of the year:
- Australian gold production down 5.1% in Q1 2013 on Q4 2012
- Nevertheless, output was up 1% y/y
- Interruptions due to more severe weather than usual were cited as a reason for the fall in the quarter
- Some signs local miners are slowing, but the decline in the Australian dollar of late has helped boost the local price of gold
