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Home Headline news for South Africa South Africa: 2010 Gold Production Down On 2009

South Africa: 2010 Gold Production Down On 2009

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Johannesburg — South Africa's gold production declined by six percent in 2010 compared to 2009, the Chamber of Mines said on Monday.

"In 2010, South Africa produced 191,833.7 kilograms of gold, a 6.4 percent decline on the 2009 production number of 204,922.8 kilograms," the chamber said in a statement.

South Africa's gold production also fell in the fourth quarter of 2010.

It was 1.6 percent down to 49,676.8 kilograms when compared to the 50,504.3 kilograms produced in the third quarter.

"On a year-on-year basis gold production was down by 3.9 percent when comparing the fourth quarter of 2010 with the same quarter in 2009," the chamber said.

Due to some double counting, the chamber had revised the production figures for the first and second quarters of 2010.

"The Chamber is therefore revising the data with the result that in the first quarter of 2010 total South African gold production was 43,200.3 kilograms, which is 727.5 kilograms lower than the original number released in May 2010."

Total South African gold production for the second quarter of 2010 was restated at 48,452.3 tons, which was 992.2 kilograms lower than the number released in September 2010.

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