Gold production volume Australia FY 2022-2028
Australia is one of the leading gold-producing nations in the world. In fiscal year 2022, around 308 metric tons of gold were produced in Australia. By 2023, the production volume was forecast to reach 320 metric tons.
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 expected to reach 25.4 billion Australian dollars in 2023.
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 2021. The underlying profit of Newcrest reached 872 million U.S. dollars in financial year 2022.
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 expected to reach 25.4 billion Australian dollars in 2023.
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 2021. The underlying profit of Newcrest reached 872 million U.S. dollars in financial year 2022.
