[miningmx.com] – GHANA’s revenues from gold mining fell 17.4% in 2014 to $3.8bn, said Reuters citing a report by the country’s Chamber of Mines which put the decline down to lower prices, a fall in production, and unreliable electricity supply.
Ghana, Africa’s second largest gold producer behind South Africa, exported 3.16 million ounces of the metal last year, slightly lower than the 3.19 million ounces produced in 2013, said Reuters citing a chamber briefing note on.
Production went down at almost all the major mines, including Gold Fields’ operations at Tarkwa and Newmont Mining Corporation’s Ahafo mine, it said.
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