Gold production in South Africa soared 24.9 percent year-on-year in December 2019, following a downwardly revised 4.5 percent jump in the previous month and supporting overall growth in mining. It was the sharpest increase in gold output since January 2016, as companies were encouraged to raise their production following the recent rise in gold prices to near seven-year highs. In addition, the number reflects a recovery from the December 2018 sharp decline, which was affected by a strike by members of the Association of Mineworkers and Construction Union. On a seasonally adjusted monthly basis, gold output dropped 0.4 percent.
Gold Production in South Africa averaged -4.33 percent from 1981 until 2019, reaching an all time high of 75.70 percent in October of 2013 and a record low of -47.10 percent in October of 2012. This page provides - South Africa Gold Production YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics South Africa
Gold Production in South Africa is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gold Production in South Africa to stand at -13.00 in 12 months time. In the long-term, the South Africa Gold Production YoY is projected to trend around -15.00 percent in 2021, according to our econometric models.