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Top 10 largest gold mines in Australia in Q3 2021 - report

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(Kitco News) - Kitco ranked the top ten largest gold mines in Australia based on reported production in Q3 2021.

Newmont’s Boddington is the biggest gold operation in Australia with 162 koz of gold produced in Q3 2021. Gold production decreased 9% primarily due to lower throughput, lower grade milled and lower recovery.

Kirkland Lake Gold’s Fosterville mine is second with 135 koz of gold produced in Q3 2021. Production was down 17% compared to 161 koz produced in Q3 2020 due to lower average grade largely related to mine sequencing within the Swan, Audax, Benu and Raptor zones.

Another Newmont’s Tanami mine sits third. Gold production in Q3 2021 of 112 koz decreased 15% compared to Q3 2020 primarily due to lower throughput as the mine was placed under care and maintenance during July 2021 as a result of COVID-19 restrictions, lower ore grade milled and lower recovery, partially offset by a higher drawdown of in-circuit inventory.

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Northern Star Resources’ Kalgoorlie operation is fourth. Kalgoorlie produced 109 koz of gold in Q3 2021, virtually unchanged from a year ago.

Newcrest’s Cadia operation is fifth with 109 koz of gold produced in Q3 2021, which is 45% less than in Q3 2020.

The top 10 largest gold operations in Australia produced 1,074 koz of gold in Q3 2021, which is 10% less than a year ago (1,199 koz).

The complete list is on the chart.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.