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Member News
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 Perth Mint has unveiled stunning new designs of Australia’s official annual bullion coin program.
The 2017 suite of releases showcase Australia’s iconic fauna in their natural environment, and the tenth animal from the ancient Chinese zodiac as the lunar calendar enters the anticipated Year of the Rooster.
Australian mining and civil construction contractor BGC Contracting has joined the Gold Industry Group.
BGC Contracting CEO Greg Heylen said the company was pleased to join the group which was making such an important contribution to the long-term future of the gold industry.
A unique initiative has been launched today to give Resolute Mining Limited shareholders the opportunity to receive dividend payments in gold.
Resolute has today announced a dividend of 1.7c per share following the adoption of an innovative gold sales-linked dividend policy. Their partnership with The Perth Mint will provide shareholders with the opportunity to receive dividend payments in gold.
Diggers & Dealers was a buzz this year bringing a touch of gold fever to Kalgoorlie with close to 60% of the program made up of gold presenters and a number of deals made.
Here are some of the Gold Industry Group’s highlights from the 25th year of Diggers.
The Gold Industry Group had the pleasure of talking to Ramelius Research Geologist and Geochemist Dr Jackie Rotherham recently. We discovered the ins and outs of her role and the exciting challenges ahead of her.
Read about the importance of the Gold Industry Group, the storied history of gold in Australia, our members - The Perth Mint, Doray Minerals, Ramelius Resoucres and Gold Fields Australia - in The West Australian "A Golden Future" Liftout published 20 July, 2016.
Australia’s largest precious metals event and the peak body of the country’s gold sector have come together in partnership at a time when enthusiasm for precious metals is at its highest in several years.
With many gold companies’ share prices having doubled and the Australian dollar gold price nudging record highs, the organiser of the Precious Metals Investment Symposium, Kerry Stevenson, says: “Our collaboration with the Gold Industry Group is a fantastic way to show the strength of the industry and its importance to Australia’s economy.
The Premier of Western Australia, the Honourable Colin Barnett MLA, today unveiled the world’s first coin to feature a significant red diamond from Rio Tinto’s iconic Argyle Diamond Mine.
A world exclusive from The Perth Mint, the Kimberley Treasure coin is the only coin in its class.
Valued at $1million, the breathtaking collectable has been crafted from one kilogram of 99.99% pure gold, and features a radiant 0.54 carat red diamond unearthed from the famed outback mine in the East Kimberley region of Western Australia.
Last month Gold Industry Group member ABC Bullion launched its Gold Saver; a direct debit savings plan linked to physical gold and silver assets.
The ABC Bullion Gold Saver works like a traditional savings account but instead of saving in Australian dollars, funds are invested in gold or silver.
The recent success of a grant funding application caused quite a whirl at the WA Centre for Rural Health (WACRH). The Mount Magnet team are in receipt of a Fender Blender Smoothie Bike.
Early this year WACRH applied for funding through the Shire of Mount Magnet’s Ramelius Resources Gold Community Benefit Fund to co-purchase a blender bike.
This new fund has generously been made available by local gold mining company Ramelius Resources to the Mount Magnet local community for the next three years.
Last week the Gold Industry Group held its inaugural industry networking event at the historic Perth Mint. The event was attended by the Minister for Mines and Petroleum, Honourable Sean L’Estrange MLA, and 90 members and industry colleagues to discuss the future of Australia’s gold industry and the vision of the Group.
Perth Mint Chief Executive Officer and Gold Industry Group Chairman Richard Hayes spoke about the importance of the Group and what it can achieve collectively.
Founding Gold Industry Group member Doray Minerals announced its first gold pour at their Deflector Gold Project in the southern Murchison region of Western Australia today.
Approximately 14 months after the completion of the takeover of Mutiny Gold in March 2015, construction of the new, purpose-built 480,000tpa processing plant recently achieved Practical Completion, on schedule, with mineralised material now being fed through the plant and resulting in production of the first gold bars from the gravity circuit.
Gold Industry Group founding member and leading Western Australian gold developer and explorer Gold Road Resources made one footy-mad 12-year old from the remote Cosmo Newberry Aboriginal Community dream come true on the weekend, winning the trip of a lifetime to Melbourne.
Kayshun Murray won a competition, sponsored by Gold Road and open to all children of Yilka descent, in which they were asked to draw a picture or write a story summarising “what Australian Rules football means to me”. Kayshun’s winning entry was a picture describing football in relation to family, fitness and teamwork.
Doray Minerals Limited has announced it has entered into a farm-in Agreement with Rox Resources Limited to explore the highly prospective and underexplored Mount Fisher Gold Project which is located in the north-eastern Goldfields of Western Australia.
The Mt Fisher farm-in represents another strategic exploration project for Doray, with a large contiguous land package over an underexplored greenstone belt with already identified gold mineralisation, and adds to its highly prospective Horse Well JV and Western Gawler farm-in in South Australia.
Brink’s is the first international secure logistics provider to join the Gold Industry Group.
Brink’s has been managing risk for clients around the world for more than 150 years. They work closely with the mining community, refineries, financial institutions, banks, retailers, diamond and jewellery dealers, pharmaceutical and securities companies in more than 100 countries.
Perth based Macmahon Holdings is the latest mining contractor to join the Gold Industry Group.
With an extensive and successful track record operating at some of the world’s largest gold mines, Macmahon is well versed on the importance of the gold sector in Australia and the impact that the industry has on the global economy.
Ramelius Resources, like many mining companies, participate in the vacation (VAC) student program which provides university students with hands on work experience during the summer. Students studying engineering, metallurgy and geology are encouraged to take part to gain valuable workplace skills and exposure to their specialist area. The VAC program also gives companies the opportunity to employ students they know are experienced and capable once they graduate.
Engineering student Eoghan McCallion worked for Ramelius over the summer vacation period along with geological and metallurgical students from Curtin University.
Ausdrill has joined the Gold Industry Group as a strong advocate and service provider to the gold sector.
Ausdrill Managing Director Ron Sayers started the company in 1987 with a single drill rig operating from Kalgoorlie in Western Australia. Today the Ausdrill Group employs over 4,000 staff worldwide.
“Gold is our core business, and over the past 30 years we have provided services to many of the world’s leading gold mining companies, both in Australia and Africa.
The Perth Mint posted record revenue of $4.4 billion and pre-tax profit of $24.9 million for Q1/Q2 of the 2015/16 financial year.
Premier Colin Barnett said the result reflected the significance of the Mint to the State and its future development.
“Gold mining has been at the cornerstone of the State’s advancement for more than a century, and The Perth Mint has always played an integral role in that industry,” Barnett said.
