Australian is the world's biggest free online database of information on Australian resource companies.

This website has up-to-date details on over 1000 separate listed and unlisted organisations, including what they mine (or explore) for, how much of any given resource they have in the ground, or in reserve, the location of their operations, corporate details, news, links and history. Find out more

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Australian Shares Sparty's Blog

Comments on this blog should never be taken as investment advice

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumAustralian Gold Production and Explorers shrugging off the Costello Curse

  • Our gold industry was severely bashed about by Peter Costello when he was the Federal Govt Treasurer. Costello sold off most of Australia's gold reserves for ~$350 dollars and shredded Australia's gold miners in the process. . (Gordon Brown made an even bigger mistake when he sold off Britain's much larger horde of Gold)

    Now with the price of gold on a sustained high Australian Gold producers have outperformed over the last quarter with a 22% (12t) rise in production from both old mines and new mines. Moreover our explorers are again actively hunting and several explorers are making the transition to production.

    The merger of Lihir into Newcrest has given Australia one of the world's biggest gold miners and their is a large gap between NCM and the next rank of producers....



    For many Gold investors the action for outstanding gains is in the explorers that are heading into production....Australia has literally hundreds of companies involved in gold exploration and near term production - the so called emerging producers.

    * Australian Gold Explorers with 10m - 1m ozs resource

    * Australian Gold Explorers with 1m - 100000 0zs resource

    * Australian Gold Explorers with resources of 100,000 ozs of gold or less

    * List of producers

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