gold production in the third quarter in Australia won 22 %

gold production in the third quarter in Australia won 22 percent compared with the same period a year ago, as prices remained high, a research group said.

Production has increased to 67 metric tons in the three months ended September 30, 1912 tons more than a year ago, Sandra Close, director of Surbiton Associates Pty Melbourne, said in an emailed statement.

The gold went to a gain of 10 th and prices may average $ 1,375 an ounce during the first quarter of 2011, National Australia Bank Ltd. said on 23 November. Regis Resources Ltd and Integra Mining Ltd. began last quarter output, Surbiton said.

"We are now seeing the results of a sustained period of higher gold prices," said Close. "We are now seeing the effects of the revaluation of the known deposits and the presentation of the old mines back into production and some new findings, so that production is increasing."

AngloGold Ashanti Ltd. this month approved the development of the $ 600 million ($ 583 million) from the Tropicana gold project in Western Australia.