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Wa's Largest Gold Miners Gold Miners SPECIAL REPORT businessnews.com.au FEATURE GOLD MINERS We’ve got “quite a bit of real estate to explore - Glenn Jardine De Grey is bullish about its Hemi discovery in the Pilbara. Photo: De Grey Mining New gold mines to bolster sector Favourable market conditions have led to a suite of new gold producers and projects. WESTERN Australia’s goldminers have That’s evidenced by recent in the prior financial year, according continued to thrive in 2021, with the fluctuations in the gold price, which to the latest data from the Department sector raising billions of dollars in the this year has ranged from $US1,683/ of Mines. past 12 months. ounce to $US1,908/oz. That figure could grow further, given Although retreating from an all-time Much like WA’s iron ore producers, the ease with which goldminers and high in August last year, the price of goldminers have continued to benefit explorers are able to raise funds. gold has remained well above where it from strong prices and other favourable Perth-based HopgoodGanim Jessica Mascione was in 2018 and 2019, largely because market conditions, providing incentives Lawyers has estimated that, of the [email protected] of continued economic uncertainty for companies to begin new projects. $7.6 billion raised by WA resources caused by COVID-19. That has also provided an incentive companies in the past 12 months, It’s influenced by several other for junior miners to seek investment $3.3 billion can be attributed to gold macroeconomic factors including for exploration. companies, with $2.25 billion raised by vaccination progress, inflation, and The number of gold projects in the explorers and more than $1 billion by the strength of the US dollar. state reached 52 in 2019-20, up from 47 producers. Managing wide range of projects: Proven track record Extensive capability Quality earthmoving Delivering practical solutions Contact us and high quality civil and earthworks (08) 6184 2847 services to mining clients across [email protected] Western Australia. www.australianie.com.au 24 | Business News July 26, 2021 July 26, 2021 Business News | 25 PB | Business News July 26, 2021 July 26, 2021 Business News | PB FEATURE FEATURE SPONSORED CONTENT GOLD MINERS GOLD MINERS Gold price 2,200 – Price ($US) “The Connected Worker” We’ve got - Mining’s new normal quite“ a bit of real 1,800 – estate to explore - Glenn Jardine 1,400 – 1,000 – Jan 19 Jul 19 Jan 20 Jul 20 Jan 20 Jul 21 Data & Insights Powered by Morningstar ® businessnews.com.au/bniq/market-index/gold_price/1095 Resources and energy partner Bellevue Gold is also on track to Paul Harley told Business News gold developing a project in the Goldfields: companies were taking advantage of a proposed $255 million mine expected an investment window, with examples to produce 160,000 ounces per annum De Grey is bullish about its including Red 5 and Bellevue Gold. for the first five years of an initial Hemi discovery in the Pilbara. Red 5 is planning to bolster its seven-year operating life, followed by Photo: De Grey Mining Darlot operations in the eastern 151,000 ounces per annum. Goldfields by expanding its nearby The company raised more than King of the Hills open-pit and $160 million last year to develop its underground mine, south of Leonora, namesake project. into a standalone mining and “We are seeing a perfect storm of processing operation. conditions for investment in gold Led by managing director Mark companies at the moment,” Mr Harley In times of economic uncertainty, operators as BYO streaming services New gold mines to bolster sector the market always places a high val- can be used instead of expensive Williams and chairman Kevin Dundo, told Business News. Red 5 expects King of the Hills to “Almost half of capital raised by ue on precious metals. It’s no surprise commercial contracts for paid TV Favourable market conditions have led to a suite of average 176,000 ounces per annum resources companies in the past 12 then that gold has been on people’s services such as Foxtel. new gold producers and projects. for the first six years of its 16-year months has been by gold explorers minds. There is a raft of small cap Operationally, the digital trans- operational life, followed by an and emerging gold producers bringing and exploration listed and private formation in mine sites has seen the average of 146,000 ounces a year. projects online. companies that are attracting signifi- increase in IoT sensors to monitor crit- WESTERN Australia’s goldminers have That’s evidenced by recent in the prior financial year, according First gold pour is scheduled for June “This isn’t unexpected, when you cant investment and media coverage ical equipment for more effective con- continued to thrive in 2021, with the fluctuations in the gold price, which to the latest data from the Department next year. consider the typical 10- to 15-year throughout the pandemic… dition monitoring, the advancement sector raising billions of dollars in the this year has ranged from $US1,683/ of Mines. Red 5 acquired the project from lifecycle of a project from exploration Calidus, De Grey, and Barton Gold of remote operating centres requir- past 12 months. ounce to $US1,908/oz. That figure could grow further, given Saracen Mineral Holdings in 2017, in through to development and first gold are just a few companies that prove ing increased cloud storage to sup- Although retreating from an all-time Much like WA’s iron ore producers, the ease with which goldminers and the same year it purchased the Darlot pour.” you don’t have to look far to see gold port asset management performance high in August last year, the price of goldminers have continued to benefit explorers are able to raise funds. mine from South Africa’s Gold Fields Mr Harley said a notable trend in miners and explorers thriving, and platforms, predictive operations and gold has remained well above where it from strong prices and other favourable Perth-based HopgoodGanim and became a producer. the sector was the number of resources investors looking for places to get a digital twins, and wearable technolo- Jessica Mascione was in 2018 and 2019, largely because market conditions, providing incentives Lawyers has estimated that, of the King of the Hills has reserves of 2.4 companies spinning-out their gold good return on small cap shares. The gy to increase worker safety on site. [email protected] of continued economic uncertainty for companies to begin new projects. $7.6 billion raised by WA resources million ounces and a net present value assets into new businesses and listing challenge facing many of these or- All this digital technology has required caused by COVID-19. That has also provided an incentive companies in the past 12 months, of $1.1 billion, as per a final feasibility them on the ASX. ganisations, given the recent boom increased connectivity innovation. It’s influenced by several other for junior miners to seek investment $3.3 billion can be attributed to gold study completed in September last Among them is new iron ore in mining and border closures, is at- Whether the connective solutions macroeconomic factors including for exploration. companies, with $2.25 billion raised by year. miner GWR Group, which recently tracting and retaining the right peo- are building a tower for private carrier vaccination progress, inflation, and The number of gold projects in the explorers and more than $1 billion by It will cost $226 million to develop, demerged a project into Western Gold ple while maximising the productivity grade microwave into a remote site, of their team. the strength of the US dollar. state reached 52 in 2019-20, up from 47 producers. making it one of the more costly gold Resources, now listed on the ASX, and nbn, Telstra satellite or rebroadcast Highspeed internet is a must in projects under construction in WA, Blackstone Minerals, having spun-out of the Telstra 4G network for mobility, today’s world and remote locations according to Business News (see table its non-core gold assets into Codrus there are a range of options available like the outback are no exception. In on page 26). Metals. to suit your project and budget. fact, it’s likely more crucial for these However, Red 5 has had no trouble Codrus began trading in April (read For more information on a sim- locations given their extreme weath- securing financing for the project, more about gold listings on page 31). ilar project see the work we did for with $185 million raised from er conditions and isolation from larg- In the Pilbara, Victoria’s Newcrest Galena (ABRA) Mining at our website investors since early 2020 and a $175 Mining is developing the Havieron er towns and cities. Mental health of Managing wide range of projects: tbtcperthsouth.com.au Proven track record million loan facility secured with gold and copper project with joint workers and their ability to remain in Unlock your business’ poten- Extensive capability three banks. venture partner, UK-based Greatland contact with families, loved ones and tial with Telstra Business Tech- Quality earthmoving It has awarded the plant Gold. their community is critical. Providing nology Centre Perth South. Reach construction and mining works Newcrest, which operates the nearby stable high-speed connectivity is a out to us on 1300 4BUSINESS or Delivering to Perth businesses MACA and Telfer mine and is one of the state’s huge driver for this. We have recently [email protected] Macmahon Holdings, respectively, biggest gold producers, can earn up to helped several businesses across the practical solutions through $650 million and $129 million a 60 per cent stake in Havieron, having Pilbara either design, implement or Contact us contracts.
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