[miningmx.com] – GOLD output in Ghana fell 18% in the third quarter as lower gold prices forced producers to cut production in an effort to control costs.
Production slumped to 840,600 ounces from July through September 2013 from 1.02 million ounces in the second quarter, Ben Aryee, CEO of the state-run mining regulator, told Bloomberg News.
“This is to be expected given the current price levels of gold,’ Aryee said. “There are implications for revenue as well as employment; companies have scaled down operations.’
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