South Africa Gold Mine Output Drops 19% The Daily Coin
Analysts say that at current production levels, South Africa has only 39 years of accessible gold reserves remaining. Large goldfields such as South Africas Witwatersrand Basin are nearing the end of their life cycles. More than 40% of all the gold mined in human history came from the Witwatersrand Basin. But annual gold output in South Africa has plummetted. In 1970, South African mines produced 1,000 tons of gold. Since then, production has steadily dropped.