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Department of Industry
The latest Resources and Energy Quarterly (REQ), from the Federal Government’s Department of Industry, Science, Energy and Resources, reported Australia’s gold mine production is projected to rise at an average of 6.8% a year in the next three years, reaching a peak of 390 tonnes in 2025–26.
The latest Resources and Energy Quarterly (REQ), reported Australia increased its production by 0.6% to 328 tonnes in 2020, despite a decrease in global gold supply by 3.9% due to COVID-19.
As the world’s second largest gold producer, Australia’s industry is continuing to keep our nation strong, making a vital contribution to our economic prosperity and supporting the social fabric of our communities.
Since the gold rushes of the 1850s Australia’s gold industry has been making a vital contribution to the country’s economic prosperity, generating wealth and underpinning global production. Moreover it is the lifeblood of many regional communities, creating jobs and educational opportunities, while providing vital infrastructure and boosting tourism.
Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).
The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.
