Gold output stronger

Australia's gold output in 2012 was 256 tonnes, which represented a 4% decline compared with the prior year, according to the article.

Australia produced 67 tonnes of gold in the December quarter, which was up 1% versus the corresponding period in 2011 and 8% higher than the September quarter.

The figures and commentary come from industry consultants Surbiton Associates, with Surbiton director Sandra Close quoted in the article.

Surbiton director Sandra Close says the boost reflects the effects of some new mines coming on‑stream, meaning new mining projects have started producing gold.

'Coming on‑stream' refers to new mines beginning commercial production. When new mines start operating they add to overall output, helping lift quarterly production totals.

The article notes a mixed picture: total gold output fell 4% in 2012 to 256 tonnes, but the December quarter showed a short‑term uptick (67 tonnes), suggesting a potential recovery driven by new mines.

The article's data indicates improving production momentum due to new mines, which affects supply. However, it does not provide information on prices or demand, so investors should view this as supply-side context rather than a full market signal.

The article cites industry consultants Surbiton Associates as the source of the quarterly and annual gold production figures and related commentary.