In New South Wales, gold production exceeded $4.2 billion in the 2025 financial year, representing more than half the total value of the state’s mineral output.
This news comes as the gold price continues its record breaking run. As Mining.com.au reported, gold touched the US$3,750 ($5,726) per ounce mark mid last week.
Gold’s spot price sat at US$3,767.1 per ounce at the time of writing this morning, as reported by Trading Economics.
Minister for Natural Resources Courtney Houssos says the state continues to “stand out” as a globally competitive and stable destination for mining investment.
“The Geological Survey of NSW estimates a gold endowment exceeding 100 million ounces, with 70 million ounces still to be mined,” Houssos says.
“With 15 projects in active development, NSW has a range of opportunities ready for investment.”
In conjunction, Evolution Mining (ASX:EVN) recently celebrated its 20th anniversary of the Cowal Gold Operations near West Wyalong.
Late last year, an extension of the Cowal operations was approved by the New South Wales Government – extending the operations until 2042. The extension supports the continuation of 500 local jobs and contributes an anticipated additional $910 million to the state’s economy.
Since the first gold pour in 2006, Cowal has produced around 5 million ounces of gold and contributes hundreds of millions of dollars in royalties to the economy. In FY2025, Cowal spent $200 million in regional investment and salaries, employing a mostly local workforce of around 480 employees and 600 contractors.
Write to Aaliyah Rogan at Mining.com.au
Images: Evolution Mining
