Gold mining company Australia

Gold mining company Australia-Australia is a small continent in the south and is a Commonwealth country that is one of the second largest gold-producing countries in the world. This former British colony has now become a developed country in various fields, both education, quality of life, health, economic freedom, etc.

The Australian Dollar is the official currency of this country and is often associated with fluctuations in currency exchange rates. One of the reasons is the rise and fall of gold prices. Let’s get to know some lists of gold companies in Australia, which are gold mining companies that have different capitalizations.

Gold and Australia

Australia has the largest resource share in the world 21%, and the country generates $23 billion in gold exports in revenue in 2021. Australia’s total gold exports reach 257 tonnes in 2021, worth $24 billion. In 2022-2023 Australian Gold is projected to produce 305 tonnes.

The largest gold producer in Western Australia controls more than 68% of total mining production in 2021. Australia with its second-largest gold reserves with a total of 380 million ounces is a gold exporting country to 55 countries. Gold makes a major contribution to the government’s backing sector of more than $2.5 billion in royalties.

Australia’s gold industry also employs up to 240,000 Australians and their families directly and indirectly.

List Gold mining company Australia

Source From Wikipedia

Largest Gold mining company in Australia

Referring to data from Statista, the largest gold mining company in Australia based on market capitalization is.

• Newcrest Mining Limited.
• Northern Star Resources Limited.
• Evolution mining limited.
• Chalice Mining Limited.
• Perseus Mining Limited.
• De Grey Mining Limited.
• Silver Lake Resources Limited.
• Regis Resources Limited.
• Ramelius Resources Limited.
• Gold Road Resources.

Newcrest Mining Limited

Newcrest Mining Limited is the largest gold mining company in Australia and one of the top companies leading the global gold mining industry.  Starting in 1966, Newcrest Mining Limited is a subsidiary of Newmont Mining Corporation.

Historically, Newmont Mining Limited established a subsidiary of Newmont Holdings Limited which later changed to Newmont Australia Limited. In 1990 Newmont Australia Limited acquired Australmin Holdings Ltd, which merged with BHP Gold Limited. As a result merger, the new brand name was changed to Newcrest Mining Limited.

In the 2022 report, the company raised a profit of $298 million. Newcrest Mining Limited shares are traded on the ASX (Australian Stock Exchange) under the symbol NCM with a market capitalization of 19.3 billion Australian dollars.

Website: https://www.newcrest.com/ 

Northern Star Resources Limited

Northern Star Resources Limited is the top gold mining company in Australia, headquartered in Subiaco, Australia. The company was founded in 2003 and trades on the ASX under the stock ticker symbol NST. This Australian gold producer has projects in prospective and low-risk sovereign territories in Australia and North America. The company acquired the Paulsens mine in July 2010 and has become an Australian gold mining company with a market capitalization of up to 10.55 billion Australian Dollars.

Website: https://www.nsrltd.com/.

Evolution Mining Limited

Evolution Mining Limited is traded on the ASX exchange under the symbol EVM with a market capitalization of 7.22 billion Australian Dollars.

The company is headquartered in New South Wales, Australia, founded in 2011 operating mines throughout Australia and Canada. In the 2021 report, the company was able to produce 680,780 oz and made a net profit after tax of A$354.3M.

Website: https://evolutionmining.com.au/.

Chalice Mining Limited

Chalice is also traded on the ASX exchange with the ticker symbol CHN, this company has managed to rank fourth as the largest mining company in Australia with a market capitalization of up to 2.65 billion Australian dollars. CHN was listed on the ASX on March 24, 2006, with a significant growth rate from 2020 to 2021. The share price of CHN has reached a high level of 9.73 by the end of 2021, although currently, the price is at the level of 3.88

Website: https://chalicemining.com/ 

Perseus Mining Limited

Perseus Mining Limited has a corporate office at Level 2, 437 Roberts Road, Subiaco, Western Australia 6008, Australia, and has a Ghana branch office located at 4 Chancery Court, 147A Giffard Road, East Cantonments,, Accra, Ghana.

The company shares Perseus Mining Limited traded in ASX with symbol ticker PRU, shares have been traded on the ASX listed since September 22, 2004. Currently, PRU’s share price is $1,700 with a market capitalization of $2.33B.

Website: https://perseusmining.com/.

De Grey Mining Limited

De Gray Mining Limited operates in Western Australia and is discovering gold at Hemi in the Pilbara. The company’s stock is traded on the ASX under the ticker symbol DEG which has been listed since July 3, 2022. The share price is currently $0.867 with a market capitalization of $1.16B.

DEG share price volatility, as well as PRU, has increased since 2020, this can be caused by the impact of the pandemic that hit. The share price is high at 1.60 in 2021, and the share price is currently at a historical low.

Website: https://degreymining.com.au/.

Silver Lake Resources Limited

In 2021, this gold mining company earned a net profit of up to 22.24 million on a quarterly report.

Silverlake Resources shares are traded on the ASX under the ticker symbol SLR which was listed on November 14, 2007. SLR’s market cap is currently $1.28B with a price of $1,335 at the time of writing. the highest share price formed at the level of 2.64 in 2020.

Website: https://www.silverlakeresources.com.au/.

Regis Resources Limited

Regis Resources Limited is headquartered in Subiaco, Australia. Net profit in the 2021 quarterly report reached 13.25 million. Regis Resources Limited’s shares are traded on the ASX under the ticker symbol RRL which was listed on 19 February 1987. RRL’s current market capitalization is $1.16B with a share price of $1,495. RRL- share price reached its highest level of 6.30 in 2019. And decreased in 2022 to the level of 1.50.

Website: https://regisresources.com.au/.

Ramelius Resources Limited

Ramelius Resources Limited, a gold mining company operating in Western Australia, is located 70km south of Kalgoorlie. The company’s stock is traded on the ASX under the ticker symbol RMS which was listed on 31 March 2003. RMS’s current market cap is $863.04M with a price level of $0.945 at the time of writing.

Website: https://www.rameliusresources.com.au/.

Gold Road Resources

Gold Road Resources is one of the mining companies operating in Western Australia. The company’s shares are traded on the ASX under the ticker symbol GOR which was listed on 4 July 2006.

Gold Road Resources is one of Australia’s leading gold mining companies with a market capitalization of up to $1.04B, with a current share price $1,150. The company’s total revenue reached $274.75M (AUD) with a net profit of $36.78M (AUD) in 2022.

Website: https://goldroad.com.au/.

Gold mining company Western Australia

Western Australia is Australia’s largest gold producer. There are many miners operating in this region. Referring to Wikipedia, the largest gold producer with up to 696,000 troy ounces is the Boddington Gold Mine.

Referring to Wikipedia, the largest producing gold up to 696,000 troy ounces is the Boddington Gold Mine. There is also the Duketon Gold Project which is capable of producing up to 356,000 troy ounces.

Newcrest’s teller mine produced 416,000 troy ounces.  Kalgoorlie Consolidated Gold Mines, which is owned by Northern Star Resources, produced 472,089 troy ounces in 2021.

The biggest gold mining company in Australia

Newcrest is still Australia’s largest gold mining company by reason of having the largest market capitalization for decades. Although the company is not the largest globally, it is ranked sixth, after companies from Canada and the USA.

In the first position is the American company Newmont Goldcorp, followed by the Canadian company, Barrick Gold and Franco Nevada.

Final thought

Gold mining company Australia makes a major contribution to the government, where Australia is one of the leading gold exporting countries in the world.

Various Australian gold mining companies with different capital capacities. Not only are those mentioned in the list of top companies based on market capitalization, but there are also hundreds of other companies operating in this area.

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