Original article by Nick Evans
The Australian – Page: 16 : 1-Mar-21
Data from Surbiton Associates shows that Australian mining companies produced a record 327 tonnes of gold in 2020, amid a surge in the price of the precious metal. Newcrest Mining’s Cadia mine in New South Wales produced 822,478 ounces of gold during the year, ahead of Newmont’s Boddington mine in Western Australia (670,000 ounces) and Kirkland Lake Gold’s Fosterville mine in Victoria (640,000 ounces). Sandra Close of Surbiton notes that the high price of gold has prompted a number of new players to enter the sector.
SURBITON ASSOCIATES PTY LTD, NEWCREST MINING LIMITED – ASX NCM, NEWMONT CORPORATION, KIRKLAND LAKE GOLD LIMITED – ASX KLA