Output is beginning to rise due to some better operating performances plus an increasing number of new projects. Australia might even displace South Africa as the world's largest gold producer later this decade.
With the Australian dollar now trading just below 75 US cents, we only need a US dollar gold price of around $US573 per ounce to break the record which has stood for 26 years.
Australia might even displace South Africa as the world's largest gold producer later this decade.
With all the new developments coming on stream in 2006, it seems that production has finally turned the corner.
