Who is the largest gold producer in Australia ?

Australia produced 328 tonnes of gold and earned AU$25 billion from gold exports in the year 2020. More than one-fifth of the total 2020 gold production came from Newcrest’s mines. Newcrest produced 2.146 Moz of gold in 2020, which is roughly 60.84 tonnes of gold.

Newcrest operates high-grade gold mines in some of the most prolific gold regions on the Earth. The Cadia Gold Mine in New South Wales is one of the largest gold mining operations in Australia. The gold mine achieved a tremendous feat during the March 2021 quarter, reporting an all-in sustaining cost (AISC) of negative US$160/oz, which is the lowest-ever quarterly AISC figure.

The mine produced 179,546 ounces of gold and 26,324 tonnes of copper during the March 2021 quarter. To extend the life of mine (LOM), NCM is continuously exploring and developing the surrounding areas. Currently, the company is progressing on a pre-feasibility study for the development of the PC1-2 cave.

Havieron is also an advanced-stage project, located close to the Telfer asset. The company operates the project in a joint venture (JV) with Greatland Gold Plc. Newcrest can earn up to 70% interest in the JV.

The drilling campaign during the March 2021 quarter intersected gold mineralisation in all seven drilled holes. Newcrest is currently working on the Water Management Plan and securing permits and approvals for development works on the project.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK