Largest gold mining companies Australia 2024, by market capitalization
Northern Star Resources Limited led the gold mining companies listed on the Australian Securities Exchange as of July 2024, with a market capitalization of almost 16 billion Australian dollars. Once a leading gold producer, Newcrest Mining Limited underwent a significant transformation in November 2023 when it was acquired by Newmont Corporation, reshaping the dynamics of the gold mining industry as it became integrated into Newmont's operations.
Gold mining down under
The volume of gold produced in Australia is forecasted to reach 325 metric tons by 2027. While Australian gold mining has traditionally been an important segment of the global metal mining industry, the number of gold mines in the country was forecast to decrease between 2021 and 2057. As the mines in operation inevitably run out of gold, industry experts have indicated that Australia could lose its place as the second biggest gold-producing nation as early as in 2024.
