Gold production in South Africa dropped by 3.7% year-on-year in September 2024, following a 4.6% decline in the previous month. This marked the eleventh consecutive month of decline, negatively contributing to the year-on-year volume change of mining production by 0.5 percentage points. On a seasonally adjusted basis, gold output fell by 1% in the three months ended September, compared to the previous three months. source: Statistics South Africa

Gold Production in South Africa decreased by 3.70 percent in September from -4.60 percent in August of 2024. Gold Production in South Africa averaged -3.84 percent from 1981 until 2024, reaching an all time high of 175.20 percent in April of 2021 and a record low of -60.80 percent in April of 2020. This page provides - South Africa Gold Production YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Gold Production YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Gold Production in South Africa decreased by 3.70 percent in September from -4.60 percent in August of 2024. Gold Production in South Africa is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Gold Production YoY is projected to trend around 3.10 percent in 2025 and 2.50 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-10 09:30 AM
Gold Production YoY
Aug -4.6% -3.5% -1.7%
2024-11-14 09:30 AM
Gold Production YoY
Sep -3.7% -4.6% -2.8%
2024-12-10 09:30 AM
Gold Production YoY
Oct -3.7%


Related Last Previous Unit Reference
Bankruptcies 117.00 128.00 Companies Sep 2024
Changes in Inventories 9561.00 3762.00 ZAR Million Jun 2024
Electricity Production 19879.00 20838.00 Gigawatt-hour Sep 2024
Gold Production YoY -3.70 -4.60 percent Sep 2024
Manufacturing Production YoY -0.80 -0.80 percent Sep 2024
Manufacturing Production MoM 0.00 -0.70 percent Sep 2024
Mining Production MoM 4.70 0.30 percent Sep 2024

South Africa Gold Production YoY
In South Africa, gold production accounts for 16 percent of total mining production.
Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -4.60 175.20 -60.80 1981 - 2024 percent Monthly
NSA


News Stream
South Africa's Gold Production Declines for 11th Consecutive Month
Gold production in South Africa dropped by 3.7% year-on-year in September 2024, following a 4.6% decline in the previous month. This marked the eleventh consecutive month of decline, negatively contributing to the year-on-year volume change of mining production by 0.5 percentage points. On a seasonally adjusted basis, gold output fell by 1% in the three months ended September, compared to the previous three months.
2024-11-14
South Africa Gold Production Drops for 9th Month
Gold production in South Africa dropped by 3.5% year-on-year in July 2024, following a 12.6% decrease in the previous month. This marked the ninth consecutive month of decline, negatively contributing to the volume of mining production by 0.5 percentage points. On a seasonally adjusted basis, gold output fell by 3.9 in the three months ended July, compared to the previous three months.
2024-09-12
South Africa Gold Production Drops for 6th Month
Gold production in South Africa dropped by 1.7% year-on-year in April 2024, easing from a downwardly revised 4.3% decrease in the previous month. This marked the sixth consecutive month of decline but the softest since September 2023, negatively contributing to the volume of mining production by 0.2 percentage points. On a seasonally adjusted basis, gold output increased by 2%, from a 1.5% rise in the prior month.
2024-06-13