“Gold mining companies in Australia produced gold worth A$10.4 billion (US$ 6.8 billion) in the December 2024 quarter alone, Melbourne-based gold mining consultants Surbiton Associates said.”
“The uncertainty in the first quarter of 2025 is even greater, now that President Trump has taken office… His executive orders, tariffs, backflips and behaviour have resulted in further concerns and further increases in gold prices, both in US dollar and Australian dollar terms.”
“Annual Australian gold production remains at around the 300 tonnes a year mark and is now worth about A$45 billion at the present gold price…The Australian gold industry needs to publicise both to the Australian public and their politicians that this is a very important industry. It is technologically advanced and vastly different from the primitive methods used by the small ‘amateur’ gold seekers that the local TV programs depict.”