Gold has retained a hallowed place in the history of the Australian resources sector and beyond for generations, and its central part in Western Australia’s past is both colourful and fascinating. However, the story is far from over, and the importance of this rarest of precious metals in today’s economy can be seen when, at this year’s Diggers and Dealers Mining Forum in Kalgoorlie, almost 60% of the program of speakers comprised presentations by gold producers, explorers, prospectors or suppliers.
A research project with new member Deloitte was announced recently at the Gold Industry Group’s (GIG) Annual General Meeting in support of 2017 initiatives to educate the community, connect the industry and promote gold across Australia.
Discover the eight reasons why Australian investors should consider including physical gold in their investment portfolio. Here is number 2.
2. Gold is a natural holding in low “real” interest rate environments
Norton Gold Fields' Paddington Operations recently won second Best Team Overall in the 2016 Underground Mine Emergency Response Competition held at Northern Star Resources’ Kanowna Belle Gold Mine, Kalgoorlie.
It was an outstanding achievement for the Norton team who takes a company-wide approach to training employees and contractors in emergency response (ER).
The Gold Industry Group was delighted to elect Gold Fields Vice President of Compliance & Legal Kelly Carter to the position of Vice Chair along with the re-election of current Board members.
Chairman Richard Hayes opened the GIG's second Annual General Meeting with a summary of the Group's first year of activities and welcomed new members Deloitte and Impact Minerals.
What are the eight key reasons why Australian investors should look at investing in physical gold as part of their investment portfolio? Here is the first.
Reason 1. Gold has demonstrated strong long-term returns in its own right.
Member Norton Gold Fields has made its single biggest donation of $50 000 this year to fund the Goldfields Individual and Family Support Association's Saturday morning program.
The Norton Saturday Morning Club will provide respite for carers of children with various disabilities with the opportunity to participate in a broad range of sporting and recreational activities.
Gold Road Resources and Gold Fields Limited have announced a 50:50 joint venture to develop and operate the Gruyere Gold Project in Western Australia.
Gold Road’s Managing Director and CEO, Ian Murray said he was pleased to partner with Gold Fields to develop Australia's newest goldfield.
The Gold Industry Group will launch its Heart of Gold Discovery Trail next year in Perth, providing a fun and interactive way for the community to connect with the importance and history of gold, which remains at the heart of our nation today.
This long-term community engagement initiative will engage millions of students, families and tourists alike. Here is a sneak peak of what you will find.
The 2016 Emirates Melbourne Cup has been made entirely from gold sourced, refined and crafted in Australia for the first time in its 150-year history.
One of the only trophies in the world still hand-spun from solid gold, the Emirates Melbourne Cup is produced by ABC Bullion. It contains 44 pieces that are hand spun over a 250-hour production process.
The Gold Industry Group recently spoke with Norton Gold Fields Geologist Angela Spencer about how they are supporting smaller mining companies through Toll Treatment which benefits the wider community.
Doray Minerals Limited has officially opened its 100%‐owned Deflector Gold Project located 160kms east of Geraldton in Western Australia.
The Minister for Mines & Petroleum, the Hon Sean L’Estrange MLA, officiated the ceremony on Wednesday 26 October 2016 to mark the important milestone in Doray’s history – the second high‐grade gold project it has funded, developed and commissioned within four years and less than three years since the opening of the Andy Well Gold Project.
Australian mining and civil construction firm BGC Contracting Pty Ltd has been announced as Australian Mining’s Contract Miner of the Year.
The award recognises BGC Contracting’s collaborative approach to improving efficiencies at Cliffs Natural Resources Koolyanobbing, resulting in savings of more than $100 million over three years.
In the last big bull market in gold in the 1970s, buying gold was straightforward with only a few options to choose from.
Today, investors are spoilt for choice, making the decision a lot more complex and confusing.
Soa (The Hulk) Palelei gave two motivational speeches to children and adults at the Meekatharra Youth Expo thanks to the support of Doray Minerals Ltd, Mission Australia, the Department of Premier & Cabinet and the Meekatharra Shire.
In its inaugural year, and organised by the Meekatharra Shire, the communities of Wiluna, Meekatharra, Yulga Jinna, Mt Magnet, Cue and Newman were invited to participate in the Youth Expo which informed people of the wide range of within school and post-school options and networking opportunities.
A focus on identifying new global markets for Australia’s precious metal products has paid off for The Perth Mint, which has met strong international demand for bullion bars and coins in 2015/16, and delivered a record pre-tax profit of $41.04 million.
The Perth Mint – owned and backed by the Western Australian Government - has added significant value to the export capability of both the state and the nation over the period. It has also supported and promoted Australia’s precious metals industry locally and overseas.
The Gold Industry Group hosted its inaugural Women in Gold event recently at The Perth Mint, attended by more than 300 industry professionals.
The event was hosted in conjunction with Women in Mining WA to recognise and promote women in gold.
Headline speaker Gold Fields Australia Vice President of Legal and Compliance Kelly Carter discussed the current challenges and opportunities for the mining sector.
Gold Industry Group member Ramelius Resources announced record gold production exceeding guidance again in the September 2016 quarter, totalling 36,179 ounces of gold.
The company’s operations in Western Australia was up from its guidance of 31,000-35,000oz, while unit costs were expected to be significantly lower than the guidance of $A1100/oz, due to the higher production level.
The Gold Industry Group will be hosting its inaugural event to recognise and promote women in gold this Friday night at The Perth Mint. The Women in Gold Sundowner has generated significant interest attracting more than 300 members and industry colleagues..
The gold industry is very particular when it comes to measuring gold, which is not surprising considering how valuable it is relative to its size.
While many countries moved to metric system, the precious metals industry globally continued to use the historic troy ounce as its basic unit of measure. If you think it is an unfair advantage for countries that didn’t change, like the USA, you would be wrong as a troy ounce is not the same as an ounce – is it actually heavier. It is its own unique measurement unit.