Australian gold miners dig deeper as local currency falls

Sydney

GOLD miners in Australia, motivated by a weak currency, are overcoming inclement weather to dig deeper for more bullion, quarterly production figures released on Sunday show.

Third quarter output in Australia, which mines more gold than any other country besides China, climbed 3 per cent, or two tonnes ( 64,301 troy ounces) to 75 tonnes from the same period a year ago, despite heavy rainfall that flooded some pits and slowed operations, Melbourne-based Surbiton Associates said in its latest output tally.