The place is gold mined in Australia?
One of many nation’s extra prolific gold-mining areas is Western Australia, which in response to the Fraser Institute is likely one of the finest mining jurisdictions on this planet. Unsurprisingly, the world has attracted main miners like Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and BHP (ASX:BHP,NYSE:BHP,LSE:BLT).
In truth, gold was the second Most worthy commodity in Western Australia in 2023 – 2024, solely behind liquefied pure gasoline; gold gross sales got here in a report AU$20 billion throughout that point.
Total, in response to statistical information offered by the federal government of Western Australia, the state alone produced 211.22 tonnes of gold in 2023/2024, in comparison with simply 80.73 tonnes of gold produced in the remainder of the nation.
Inside Western Australia, the Pilbara area has renewed curiosity and helped enhance the nation’s constant gold output. Protecting greater than half one million sq. kilometres, the Pilbara space is likely one of the most resource-rich areas within the state. And whereas the Pilbara space is best generally known as an iron ore hotspot, it is at the moment within the midst of a small gold rush due to a serious discovery in 2017 by Novo Assets (TSXV:NVO,OTCQX:NSRPF) and Artemis Assets (ASX:ARV,OTCQB:ARTTF).
Some geologists have in contrast the geology of the Pilbara Craton with South Africa’s Witwatersrand Basin, which is residence to the Earth’s largest identified gold reserves and is accountable for over 40 p.c of worldwide gold manufacturing.
Each the Pilbara and Witwatersrand are related in age and composition, sitting on high of the Archean granite-greenstone basement. The Pilbara space hosts quite a few small mesothermal gold deposits containing conglomerate gold — mineralisation identified to carry massive, high-grade gold nuggets.
What are the largest Australian gold mines?
Under is a tour of the ten largest gold mines in Australia when it comes to 2024 gold manufacturing, together with data on their operations and 2025 steerage. Information is taken from firm studies and MiningDataOnline.
1. Boddington
The Boddington open-pit gold and copper mine entered manufacturing in 2009 and is positioned 16 kilometres from Boddington, Western Australia. As soon as a three-way three way partnership, Newmont (TSX:NGT,NYSE:NEM) turned the only real proprietor of Boddington in 2009.
In calendar yr 2024, Boddington produced 590,000 ounces of gold, down from 745,000 ounces produced in 2023, because the deliberate mine sequence means operations are at the moment centered on a bit with decrease gold grades. It will proceed to influence output in 2025 as effectively, main Newmont to set steerage at 560,000 ounces of gold for the yr.
Nevertheless, the corporate is engaged on laybacks within the North and South pits that ought to present entry to ore our bodies with increased gold grades, which it says will assist enhance manufacturing as soon as accomplished in 2026.
The mine produced 126,000 ounces of gold within the first three months of 2025.
2. Cadia Valley
Positioned in New South Wales, Cadia Valley is now owned and operated by Newmont following its acquisition of Newcrest Mining in November 2023.
As soon as the largest gold mine in Australia, Cadia’s manufacturing numbers have been in decline lately, slipping from 843,000 ounces of gold in 2020 to 464,000 ounces in 2024. Output is anticipated to proceed to say no in 2025, with Newmont setting steerage at 280,000 ounces.
The corporate is transitioning to operations in panel cave 2-3, from which peak manufacturing is anticipated from 2027 to 2032. Additionally it is growing panel cave 1-2 with manufacturing deliberate to start in 2027.
Cadia produced 103,000 ounces of gold within the first quarter of 2025.
3. KCGM
Northern Star Assets (ASX:NST,OTC Pink:NESRF) owns the Kalgoorlie Consolidated Gold Mines (KCGM) operations, residence to the well-known Tremendous Pit, which is definitely named the Fimiston open pit. KCGM additionally hosts the Fimiston and Mount Charlotte underground mines and the Fimiston and Gidji processing crops.
Northern Star turned the only real proprietor of the KCGM operations in February 2021.
KCGM is positioned within the legendary Golden Mile, which was as soon as reputed to be the richest sq. mile on Earth, and the operations sit on 13.27 million ounces of gold reserves. The operations reached the milestone of fifty million ounces of gold manufacturing in 2019.
In Northern Star’s fiscal yr 2023/2024, KCGM produced 449,032 ounces of gold. In mid-2023, Northern Star launched a AU$1.5 billion growth venture at KCGM’s Fimiston processing plant that’s anticipated to extend gold manufacturing to 900,000 ounces per yr by 2029.
KGCM produced 117,703 ounces of gold in the course of the first three months of 2025.
4. Tropicana
Positioned in Western Australia, the Tropicana gold mine is co-owned by AngloGold Ashanti (ASX:AGG,NYSE:AU) and Regis Assets (ASX:RRL,OTC Pink:RGRNF) via a 70/30 three way partnership.
the mine spans 3,600 sq. kilometres and stretches over near 160 kilometres in strike size alongside the Yilgarn Craton and Fraser Vary cellular belt collision zone. The regional geology is dominated by granitoid rocks, making it a uncommon instance of a giant gold deposit inside high-grade metamorphic rocks which have undergone widespread recrystallisation and melting.
In calendar 2024, Tropicana produced 426,000 ounces of gold, with AngloGold Ashanti’s 70 p.c accounting for 313,000 ounces and the remainder attributed to Regis.
As a part of AngloGold Ashanti’s dedication to decreasing its carbon footprint, a 62 megawatt wind and photo voltaic facility is at the moment underneath building at Tropicana. The venture is anticipated to be accomplished in the course of the first quarter of 2025 and can scale back greenhouse gasoline emissions on the web site by an estimated 65,000 per yr.
Tropicana produced 100,000 ounces of gold in the course of the fourth quarter of 2024.
5. Tanami
Tanami has been totally owned and operated by Newmont since 2002 and is positioned within the Northern Territory’s distant Tanami Desert. Each the mine and the plant are positioned on Aboriginal freehold land that’s owned by the Warlpiri folks and managed on their behalf by the Central Desert Aboriginal Lands Belief.
Tanami is a fly-in, fly-out operation in one in all Australia’s most distant areas. The asset is 270 kilometres away from its closest neighbours, the distant Aboriginal group of Yuendumu.
In 2024, Tanami produced 408,000 ounces of gold, down from the 448,000 ounces the earlier yr.
Newmont introduced the Tanami Enlargement 2 venture in October 2023, and expects industrial manufacturing to begin within the second half of 2025. As soon as full, it’s anticipated to increase the mine’s life past 2040 and enhance its annual gold manufacturing by roughly 150,000 to 200,000 ounces for the preliminary 5 years.
Newmont has projected that 2025 will see an additional lower to 380,000 ounces attributable to decrease grades. In response to the corporate, 60 p.c of that manufacturing is anticipated in the course of the second half of the yr because the mine growth comes on-line.
Tanami produced 78,000 ounces of gold within the first three months of 2025.
6. Cowal
Owned by Evolution Mining, Cowal is the corporate’s largest gold-producing asset. The mine is positioned close to Bland Shire in New South Wales throughout the conventional lands of the Wiradjuri folks.
In 2023, Evolution marked essential milestones within the mine’s growth with the ramp-up in manufacturing of its newly cutback Stage H portion of its open pit mine and the early completion of its underground mine.
The brand new underground portion of Cowal helped to ship a report manufacturing in its fiscal yr 2024 of 312,644 ounces of gold versus 276,314 ounces throughout its fiscal 2023.
As a consequence of excessive gold costs and robust manufacturing numbers, the corporate reported that it has been capable of repay capital prices for the acquisition and growth at Cowal. In whole, the mine generated AU$604.9 million in fiscal 2024 ended June 30, 2024.
Cowal produced 80,657 ounces of gold within the quarter ended March 31, 2025.
7. St. Ives
Owned and operated by Gold Fields (NYSE:GFI,JSE:GFI), St. Ives consists of a number of open-pit and underground mines close to Kambalda in Western Australia.
In Gold Fields’ 2024 annual report, the corporate detailed that output from St. Ives got here in at 331,200 ounces of gold in the course of the calendar yr, a slight decline from the 371,800 ounces achieved in 2023 attributable to decrease grades.
In March 2024, Gold Fields introduced the development of a microgrid venture at St. Ives that can add 42 megawatts (MW) of wind and 35 MW of photo voltaic, producing 73 p.c of the operation’s electrical necessities. The corporate expects the microgrid to be operational towards the tip of 2025. Total, it’s projected to scale back scope 1 and a couple of emissions on the mine by 50 p.c in 2030.
St. Ives produced 85,200 ounces of gold in Q1 2025, up 24 p.c yr over yr.
8. Jundee
Jundee is positioned within the Northern Goldfields area of Western Australia and is owned by Northern Star, which bought it from Newmont in 2014 for AU$82.5 million. The property is a part of Northern Star’s Yandall operations, and is well-known attributable to the truth that it solely makes use of underground mining after transitioning from an open pit operation. Together with Cadia Valley, Jundee is likely one of the lowest-cost gold producers on this listing.
The asset produced 280,963 ounces of gold within the firm’s fiscal 2024 ended June 30 2024, decrease than the 320,201 ounces produced the earlier yr. Manufacturing at Jundee was impacted by a fireplace within the processing plant within the June quarter that resulted in 10 days of unplanned downtime.
In June of 2023, Northern Star introduced it could be integrating 24 MW of wind and 16.9 MW of photo voltaic into its current gasoline energy station community and can be supplementing the complete system with 12 MW of battery vitality storage.
The windfarm was accomplished in 2025, and renewable technology is anticipated to account for 56 p.c of the mine’s energy and contribute to a 36 p.c discount in Northern Star’s carbon footprint.
In the course of the March quarter of 2025, Jundee produced 64,373 ounces of gold.
9. Duketon South
Owned by Regis Assets (ASX:RRL,OTC Pink:RGRNF), Duketon South is positioned within the North Jap Goldfields of Western Australia. The operation consists of the Backyard Effectively and Rosemont operations, with each internet hosting open pit and underground mines.
The first processing facility at Backyard Effectively has a 5 million tonne each year throughput price with a two-stage crushing circuit, scrubber and ball mill, in addition to a 7.5 million tonne each year carbon-in-leach circuit, which additionally handles slurry from Rosemont.
Within the firm’s fiscal 2024 report, Regis Assets indicated manufacturing had decreased to 244,455 ounces of gold for the yr ended June 30 from 252,672 ounces produced in 2023.
In Might 2024, Regis introduced it accepted growth for a brand new underground mining space at Backyard Effectively and an extension to the Rosemont underground mine. As soon as these are full, Regis is projecting annual manufacturing of 100,000 to 120,000 ounces of further capability by fiscal 2027.
In the course of the quarter ending March 31, Duketon South produced 58,100 ounces of gold.
10. Fosterville
Fosterville, which is owned by Agnico Eagle Mines (TSX:AEM,NYSE:AEM), is a high-grade, low-cost underground gold mine positioned within the state of Victoria.
The mine has been operational since 1989, with a lifetime manufacturing of over 16 million ounces of gold. The asset produced 225,203 ounces of gold in calendar 2024, a lower from the 278,000 ounces produced in 2023. Agnico Eagle attributes the lower to decrease grades because it processes the remaining areas of the Swan zone.
The corporate has forecast continued declines from Fosterville placing steerage at 140,000 to 160,000 ounces in 2025.
Fosterville produced 43,615 ounces of gold in the course of the first quarter of 2025.
The best way to spend money on Australian gold shares?
Investing in Australian gold shares is just like shares in different sectors. Gold firms concern shares on inventory exchanges which might be out there for traders to commerce. While you buy shares of a gold inventory, you might be primarily buying a stake within the firm.
Many gold firms in Australia are listed on the ASX, making them simply accessible to Australian traders. To spend money on the businesses which might be listed on worldwide exchanges, Australian traders should use a dealer that has entry to that market.
For North American traders seeking to spend money on Australian gold firms, some are dual-listed on Canadian and US inventory exchanges as effectively, making them extra accessible.
As for deciding which sort of gold firm to spend money on, whether or not you select to spend money on gold-mining shares or gold firms on the growth or exploration stage ought to be primarily based in your threat tolerance. Generally, established firms which might be producing metallic are extra secure and fewer dangerous than smaller firms which might be nonetheless exploring for gold or constructing a mine.
Though no investing technique is one hundred pc foolproof, consultants usually advocate gold shares as a solution to hedge publicity to basic inventory market. That is as a result of they have an inclination to maneuver in tandem with the value of gold.
For extra concepts in learn how to spend money on Australian gold shares, try our articles on the largest ASX-listed gold shares and the top-gaining ASX gold shares year-to-date.
That is an up to date model of an article first revealed by the Investing Information Community in 2019.
Don’t neglect to observe us @INN_Australia for real-time updates!
Securities Disclosure: I, Dean Belder, at the moment maintain no direct funding curiosity in any firm talked about on this article.
