Gold miners face rising operating costs as mine grades are falling, coupled with the threat of higher royalties and taxes, and also heightened social responsibility and environmental requirements. Significant new Australian gold discoveries are few and far between with exploration efficiency measures revealing that discovery costs are rising.
This project will complete a supply analysis of the Australian gold industry, look to key cost drivers of production and their temporal evolution to develop a quantitative framework against which to benchmark and track changes from the industry’s likely growth trajectory.
The future growth of the Australian gold sector is clearly under threat – leaving the potential for a ‘Rise and Stall’ economic legacy unless key changes can be implemented.
This project will assess the likely impact of possible initiatives aimed at preventing the stalling of one of Australia’s key mining sectors – through both company strategy and mineral policy economic lenses.