Media Release - 6 March 2022

“Compared with 2020, Australian gold production in 2021 declined by 12 tonnes or 4% (to 315 tonnes)”

“Personnel shortages and burn-out have been taking a toll and this year production has been negatively affected.”

“Fortunately, during 2021 the gold price in Australian dollar terms trended upwards, although it was relatively flat in US dollar terms.”

When Russian forces invaded Ukraine on 24 February… “gold prices rose sharply. The London pm fix gold price reached US$1,936 per ounce, while the corresponding Australian price rose to A$2,690 per ounce.”