Gold Mining Trip Across Australia

Ima Casanova

September 20, 2023

We recently had the opportunity to travel across the continent of Australia. Given the distance we intended to travel, we made sure to maximize the trip by visiting as many operations and meeting with as many companies as we could fit in.

We met with the management teams of eight companies and toured six major gold mining operations, including open pit and underground mines. We could not help but be impressed with the size and scale of some operations and the richness in grade of others. Across the board, we noticed a focus on the latest technology, mining techniques and efficiencies, as well as a laser-like focus on ESG-related subjects.

In our view, Australia remains a leading mining jurisdiction, both in terms of potential and investability. Key issues that we discussed with management teams included: the focus on de-carbonizing energy usage, skilled labor shortages and the role of technology in mining to reduce costs, improve efficiency, and make mining safer for workers.