Ghana Third-Quarter Gold Output Falls 18% as Metal’s Price Drops
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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 today by phone in Accra, the capital.