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South African gold output falls most since February 2017 in May

Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May. Production dropped 16.2% from a year earlier, compared with a revised 5.8% contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its website. That’s an eighth straight month of decreases.

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