Saracen Minerals’ Carosue Dam project in Western Australia.

( May 11, 2020)

A market analyst resource monitoring agency focused on Australia released an interim report, pointing out that the island country will surely replace China in 2021 and become the world's largest gold producer. According to the so-called resource monitoring company, Australia's role as a cost-effective producer country provides investors with the advantages needed to replace the leading position.

Analysts support this assessment by looking at the profits of most gold mining companies over the past 18 months. The company is particularly focused on the performance of Newcrest, Saracen, Silver Lake and Northern Star.

In the view of resource monitoring companies, these profit margins are complementary to the price of gold. Despite the recent pressure, they have been rising in the past year and a half, which has prompted miner Down Under to continue with planned new mines or expansions. Important extensions include:  Newcrest Mining is located in the Kadia Valley mine in New South Wales and is expected to produce 840 grams of Dore by 2020.

Newmont Australia operates in Tanami in the Northern Territory. Once the expansion is completed in 2023, the annual gold production is expected to be approximately 150,000 to 200,000 ounces. The new mines expected to start operations are: BardocGold's Bardoc project in Western Australia, where the total resource of 3.02Moz gold-bearing deposits is estimated to be 49.4Mt @ 1.9g / t Au;  The Karlawinda project of Capricorn Metals in Western Australia, where the estimated total resource of gold content of 1.5 Moz is 50Mt @ 0.93g / t Au;  Regis Resources' "Mcphillamys" project located in New South Wales has a total estimated resource of 2.30 Moz gold content of 68.9Mt @ 1.04g / t Au.