Original article by Peter Ker
The Australian Financial Review – Page: 1 & 44 : 1-Aug-19

Australia’s gold production is expected to reach a record $22bn in 2019-20, amid a surge in the price of the precious metal in local dollar terms. Arete Capital has resumed production at the historic Stawell gold mine in Victoria, which was mothballed in 2016. The private equity firm bought the mine when gold was trading at around $1,600 an ounce, compared with more than $2,000 an ounce at present. Meanwhile, rising output at Kirkland Lake Gold’s Fosterville mine has prompted renewed interest in the state’s gold sector.

CORPORATES
ARETE CAPITAL PARTNERS PTY LTD, KIRKLAND LAKE GOLD LIMITED – ASX KLA, SHAW AND PARTNERS LIMITED, VANECK SECURITIES, AUSTRALIAN BUREAU OF STATISTICS