New Member_Are there any Aust Owned Gold Mines Producing?

Hello Ladies and Gents,

I have been doing some research on Gold Mines in Australia recently. Just via old Goggle...... so I thought I'd ask some people much more in the know than myself.

Through my research I am finding lots of inactive mines are owned by large Multinational Resource Companies.

Are there any smaller Aussie owned mines still in existence that actually produce or have they all been brought out by the big guys?

Thank you in advance if you have any knowledge regarding this.

Chantel

Australian Gold mining Company NST has alot of active operations in WA producing gold. :goldnugget: :goldpan: ickshovel: :money:

Welcome to P.A. Chantel.

It depends a bit what you mean by "Australian- owned". Shares traded on an Australian stock exchange are by definition at least partly Australian-owned (you can buy a piece any day). But majority-owned would require you to go to the website of each on this list.

https://miningfeeds.com/gold-mining-report-australia/
Few would be 100% Australian-owned because Australia has insufficient capital to finance large new companies. I always scratch my head when people talk of getting rid of foreign ownership, since except for land we have little that is not at least partly Australian owned (and of course Australian companies own some companies in other countries).

All 4 of our major banks are more than 50% (3 more than 60%) American-ownded. So if you have a mortgage, your house is partly foreign-owned.

It is a tricky definition, foreign ownership - it is usually used for companies more than 50% foreign owned,

What worries me is the aversion that is generated here by socialist and greenie groups against part owning, controlling and benefitting from our own companies.
I think we have ourselves to blame on this for not putting our money where our mouths are Buying shares and controlling our industries.
Not also to mention our captains of industry many of whom (There are exceptions) are only too happy to to take their bonuses and facilitate selling perfectly good Aussie businesses and inventions into foreign hands for a few beads.

Northern Star Resources Limited is I believe an Australian company (well it's on the Australian stock exchange anyway) Northern Star is listed on the Australian Securities Exchange (ASX: NST). and if you consider the Super Pit in Kalgoorlie a large gold mine then Northern Star Resources Limited owns and runs it along with numerous other gold mines scattered through WA including Jundee out from Wiluna in WA just to name a few

Chantel, it depends on what size you call small. Here in WA there are dozens or perhaps hundreds of one or two man shows and then a considerable number of quite active gold mines that are most likely not listed on the stock exchange. If you drive through these areas at night you'll see the bigger ones glowing on the horizon, mines that are set well back from the highway that you'd never get to see during the day.

Alkane is producing gold in Western Central NSW, Catalyst is producing gold in Henty Tassie, Horizon is producing gold in the Kalgoorlie area, and De Grey has one of Australia’s major finds under development in the Pilbara.
These are all Australian listed companies available for Australians to buy and hold shares in and have a say in preventing them falling into the hands of the “ big guys” I list these because I have shares in each. Have not made much so far but willing to hold.
When we find our next gram why not buy 12 shares in Codan (Minelab) who help us find gold all over OZ, help keep it in Australian hands and also benefit with a fully franked yield of 4.2%. ($3.50 pa for each gram you find).

reads like your a share broker there Hawkear, so with the gram of gold you mention why not buy 2 or 3 shares in one of the banks and get 6% or so and fully franked dividends

Possibly couldabeen in another life but still fervent on my belief that we and especially our younger generation should be doing more saving and investing in our future.
Yeah undisputed that banks are good for dividends, but Codan went from about 60 cents pre 7000 to $7.00 at last sight. I gambled on the 7000 and 2300 being winners and bought in at about 60 but regrettably sold out of mine too early when I needed some cash.

Hawkear said:

What worries me is the aversion that is generated here by socialist and greenie groups against part owning, controlling and benefitting from our own companies.
I think we have ourselves to blame on this for not putting our money where our mouths are Buying shares and controlling our industries.
Not also to mention our captains of industry many of whom (There are exceptions) are only too happy to to take their bonuses and facilitate selling perfectly good Aussie businesses and inventions into foreign hands for a few beads.

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If only it were that simple! In fact Australians are heavily invested (all Australian savings of any type). The reason we have so much majority foreign ownership is simply that Australians lack sufficient capital to start new businesses of any size without it.

Australians are great investors - 33-44% of adult Australians owned shares listed on the Australian stock exchange over the past 15 years. That does not include superannuation fund holdings (even more Australians) - which of course are invested in business. Same goes for bank deposits (the banks invest that). It is all used. So then the choice is - don't mine iron ore and get the tax and employment benefits etc, don't develop agricultural exports, don't build industries to employ people. Or invite foreign investment in.....It is not as if there is unused money sitting on the shelf that can be used - it is used.

More important to look at things like tax laws (e.g. more attention to multinationals avoiding tax), training for employment etc. Maximizing returns from that foreign money. And making sure that we have our own strategic industries here.