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Mine closings drop Ghana's gold production by 14%
Ghana Gold Output Seen Falling 500,000 Ounces on Mine Closings
By Ekow Dontoh
Bloomberg News
Monday, April 28, 2014
Gold production in Ghana, the continent's second-largest producer after South Africa, may fall 500,000 ounces this year as declining prices prompted some mines to suspend operations, the Minerals Commission said.
Output for 2014 is estimated at 3.1 million ounces, down from an initial target of 3.6 million, Daniel Krampah, the commission’s assistant manager of financial analysis, said today by phone in the capital, Accra.
"We will definitely record lower volumes this year," said Krampah. "Some companies have placed their mines under care and maintenance." ...
... For the full story:
http://www.bloomberg.com/news/2014-04-28/ghana-gold-output-seen-falling-...
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