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Gold rush fills coffers of Aussie miners as bullion prices surge
Australia’s leading gold miners are sitting on war chests of cash and bullion worth hundreds of millions of dollars as record gold prices swell balance sheets and prompt questions about how companies will deploy their growing reserves. New analysis by gold consultancy Surbiton Associates, timed with the yearly Diggers and Dealers conference, shows that companies including Northern Star Resources, Ramelius Resources and Evolution Mining have seen their financial positions dramatically boosted by surging gold prices – now hovering around $3 300/oz, or A$5 100/oz. “The rise in the price in the last two years alone ... (full story)
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- Aug 3, 2025 9:50pm Posted byFundamental Analysis248
