Gold production volume Australia FY 2019-2025

Australia is one of the leading gold-producing nations in the world. In the 2019 fiscal year, around 321 metric tons of gold were produced in Australia – the country’s biggest yield in two decades. By 2022, this value was forecasted to reach a peak of 378 metric tons. After this year, the volume of gold extracted from mines in Australia was projected to decline.

Australia’s gold rush

Australia looks set to become the world’s largest gold producing country by 2021, overtaking China in the process. This was partly due to tightening environmental regulations, and partly due to the COVID-19 outbreak, which led to a Chinese output decline. The value of gold exported from Australia was also likely to increase, exceeding 26 billion Australian dollars in 2020.

Australian gold mining companies

The leading three Australian gold mining companies by market capitalization were Newcrest Mining, Northern Star Resources, and Evolution Mining. Cadia mine, owned by Newcrest, produced the highest volume of gold in 2019. The underlying profit of Newcrest exceeded half a billion U.S. dollars in financial year 2019. Recently, Newcrest lowered its gold production forecast for fiscal year 2020 due to the sale of its interest in the Gosowong mine in Indonesia.

Production volume of gold across Australia in financial year 2019 with a projection until 2025

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Sources

Release date

March 2020

Region

Australia

Survey time period

financial year 2019

Supplementary notes

*Forecasted.
**Projected.

Australia's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016 and ends on June 30, 2017.

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Statistics on "Mining industry in Australia"

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