Record gold prices have tempted some Australian miners to boost production, bucking the industry’s long-term trend to cut output during boom times to preserve their dwindling resources.
Soaring prices have filled gold miners’ coffers and encouraged them to spend big on increasing their processing capacity – a move that allows them to make money from previously uneconomical stockpiles of ore.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
