2014 Global Gold Mine Output Rose 2.25%; Canada See Biggest Rise - Natixis

(Kitco News) - Global gold mine production rose in 2014 by at least 2.25% to 2,875 tonnes, with Canada seeing a large jump in output last year, according to a French-based investment bank.

According to Natixis, Canada’s gold output rose 20% year-on-year to 150 tonnes, mainly due to Agnico Eagle Mines Ltd.’s (TSX:AEM)(NYSE:AEM) and Yamana Gold Inc.’s (TSX:YRI)(NYSE:AUY) Canadian Malartic mine in Quebec and Detour Gold Corp.’s (TSX:DGC) Detour Lake mine, located in Ontario.

Other countries that saw a lift in 2014 output included China, with a 5.5% rise to 451 tonnes, Australia, with a 3.2 % rise to 274 tonnes and Russia, with an 8% rise to an estimated 275 tonnes.

The U.S saw output drop 8% year-on-year to 211 tonnes while South African output was also lower at 165 tonnes – a 2% dip, they said.

Courtesy: Kitco News