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gold facts
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.
As the world stands together to combat novel coronavirus 2019 (COVID-19), gold is continuing to support our communities and our economy.
Keeping Australia's gold industry running ensures the precious metal not only supports our economy during these times of hardship, but is available for essential uses in our everyday lives.
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.
