GOLD MINES AND MINING – VICTORIA

Price spike powers new gold rush

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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

Kirkland Lake eyes Australian growth

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Original article by Peter Ker
The Australian Financial Review – Page: Online : 1-Dec-17

$A4 billion Canadian mining firm Kirkland Lake Gold, the owner of the Fosterville gold mine near Bendigo in Victoria, began trading its securities on the ASX on 30 November. Fosterville was producing just 105,000 ounces of gold a year as recently as 2014, but Kirkland Lake Gold CEO Tony Makuch believes it could be producing 400,000 ounces of gold by 2020. Kirkland Lake Gold also has an interest in the Pilbara region of Western Australia through its stake in Novo Resources.

CORPORATES
KIRKLAND LAKE GOLD LIMITED, ASX LIMITED – ASX ASX, NOVO RESOURCES CORPORATION, TORONTO STOCK EXCHANGE