Largest gold mining companies Australia 2023, by market capitalization

Newcrest Mining Limited led the gold mining companies listed on the Australian Securities Exchange as of August 2023, with a market capitalization of almost 24 billion Australian dollars. Headquartered in Melbourne, Australia, Newcrest was one of the leading gold mining companies in the world at that time.

Newcrest Mining

Newcrest Mining started as a subsidiary of Newmont Mining Corporation in 1966. Today, it is a prominent name in the international mining market, though most of its operations lie in Australia. In fiscal year 2022, the company produced almost two million ounces of gold. In the same year, Newcrest Mining reported an underlying profit of 872 million U.S. dollars.

Gold mining down under

The volume of gold produced in Australia was forecasted to grow steadily until 2025, reaching a peak of almost 340 metric tons. 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.