South African Gold Output Falls Most Since February 2017 in May
- Gold production shrank 16.2% in May, statistics agency says
- Total mining output contracted for a third straight month
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Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May.
Production dropped 16.2 percent from a year earlier, compared with a revised 5.8 percent contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its website. That’s an eighth straight month of decreases.