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Gold Production Fell 4%

January 22nd, 2009

2008-gold-productionThe output of the world’s gold mines fell by 4% last year, according to estimates in a new report from the GFMS, a consultancy.

Among the largest drops came from South Africa, previously the world’s largest producer, which fell by 14% as well as Australia whose output fell by 14%.

China, Russia, and Peru, each in the world’s largest producers, increased gold output last year.

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