Kruggerrand Output at 23-Year High

Feb. 23 (Bloomberg) -- Rand Refinery Ltd., the world’s largest gold refinery, increased coin output to the highest in about 23 years as demand for South African Krugerrands rose. The Johannesburg refinery last month doubled weekly production to 20,000 ounces of blank coins for minting by the State’s SA Mint as Kruger coins, Johan Botha, head of precious metals sales, said by phone from the city today. Full story at Bloomberg.