Gold Production from Ghana Plummets

Bloomberg reported that gold production from Ghana has seen a major drop in the third quarter.

As quoted in the market news:

Gold output in Ghana, Africa’s second-largest producer, fell 18 percent in the third quarter as declining prices prompted some mines to cut production to rein in costs, the Minerals Commission said.

Production slumped to 840,600 ounces from July through September 2013 from 1.02 million ounces in the second quarter, Ben Aryee, chief executive officer of the state-run mining regulator, said [December 31] by phone in Accra, the capital.

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