Largest gold mining companies by market capitalization Australia 2018

AngloGold Ashanti topped the gold mining companies operating in Australia in 2018, with a market capitalization of 4.55 billion Australian dollars. Headquartered in Johannesburg, South Africa, AngloGold Ashanti was one of the leading gold mining companies in the world at that time. Following closely behind in terms of market cap was local Australian company Northern Star Resources.

Northern Star Resources

Founded in 2000, Northern Star has established itself as a global -scale Australian gold producer. It operates primarily in Western Australia, however in 2018, the company announced its expansion into Alaska by acquiring the Pogo gold mine. The net profit of the company in fiscal year 2018 was slightly lower than the peak reported in the previous year. Nonetheless, Northern Star’s market cap increased by over 50 percent compared to fiscal year 2017, solidifying itself as a leading player in the Australian gold mining industry.

Gold mining down under

The past decade has seen the volume of gold produced in Australia grow steadily, reaching almost ten thousand metric tons in 2018. While Australian gold mining has traditionally been an important segment of the global metal mining industry, the number of gold mines in the country was forecasted to decrease between 2021 to 2057. As the mines in operation inevitably run out of gold, industry experts have indicated that Australia could lose its place as the second biggest gold-producing nation as early as in 2024.

Largest gold mining companies by market capitalization in Australia as of June 2018

Market capitalization in million Australian dollars
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Source

Release date

November 2018

Region

Australia

Survey time period

June 30, 2018

Supplementary notes

Note: Data includes gold mining companies listed on the Australian Securities Exchange with a market capitalization of less than five billion Australian dollars at 30 June 2018.

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Statistics on "Mining industry in Australia"

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