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  • » Stawell Victoria's largest gold mine to close

#1 2016-12-13 05:05:12

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,190
Trades :   39 

Stawell Victoria's largest gold mine to close

http://www.abc.net.au/news/2016-12-13/1 … n=business


"In 2009 Stawell Gold Mines produced more than 86,000 ounces of gold, compared with just over 32,000 ounces this year," president of Australian operations, Darren Hall, said in a statement.'

So unviable and they dug up 32,000 ounces this year.

Which tells me there is plenty of gold left in the ground. If this is the case of most mines around the world imagine how much more gold is in the ground.


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#2 2016-12-13 08:54:08

REDBACK
Silver Stacker
From: Trump supporters matter
Registered: 2011-11-22
Posts: 3,310

Re: Stawell Victoria's largest gold mine to close

This will be an interesting story to follow in the next few years.
Reminds me of the plight facing the residents from 'Rock Ridge'


REDBACK


"Buy now Cry later!!"

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#3 2016-12-13 21:58:40

masmas
Member
From: Sydney, Australia
Registered: 2016-08-09
Posts: 284
Trades :   

Re: Stawell Victoria's largest gold mine to close

Ipv6Ready wrote:

http://www.abc.net.au/news/2016-12-13/1 … n=business


"In 2009 Stawell Gold Mines produced more than 86,000 ounces of gold, compared with just over 32,000 ounces this year," president of Australian operations, Darren Hall, said in a statement.'

So unviable and they dug up 32,000 ounces this year.

Which tells me there is plenty of gold left in the ground. If this is the case of most mines around the world imagine how much more gold is in the ground.

Does this means that Australia will be losing its position as the second largest Gold mining country in the world ?

Infographic-US-Gold-Market.jpg
yikes

Is it because of the tax issue like described in: http://www.theaustralian.com.au/busines … 3a81eb475b


Regards,

M.A.S

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