Bloomberg News

South African Gold Production Climbed 3.4% in First Quarter

July 01, 2011

(Updates headline and first paragraph with year-over-year change.)

July 1 (Bloomberg) -- South African gold production climbed 3.4 percent in the first quarter from a year earlier, the Chamber of Mines of South Africa said.

Output was 44,682.7 kilograms (1.4 million ounces), down 9.3 percent from the fourth quarter, the industry group said in an e-mailed statement today.

South Africa’s estimated gold output for last year was revised lower by 0.2 percent to 191,402.3 kilograms because of a change in “other Chamber” figures, it said in the statement. The country was the fifth largest producer last year, after China, Australia, the U.S. and Russia, London-based research company GFMS said in a report in April.

The chamber represents producers including AngloGold Ashanti Ltd., Gold Fields Ltd. and Harmony Gold Mining Ltd.

--Editors: Claudia Carpenter, John Deane

To contact the reporter on this story: Alastair Reed at areed12@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net


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