Markets

Insider Trading

Hedge Funds

Retirement

Opinion

20 Biggest Gold Companies in Australia in 2024

Page 1 of 4

In this article, we will take a look at 20 biggest gold companies in Australia in 2024. If you want to skip to the 5 Biggest Gold Companies in Australia in 2024, go directly to 5 Biggest Gold Companies in Australia in 2024.

The World Gold Council estimates that the total value of gold ever mined is around $12 trillion. Around 209,000 tons of gold have been produced up till now in various forms, where jewelry makes up almost half of the gold ever produced. Gold is considered to be a good investment by a large group of investors and is also kept in the form of coins, bars and gold ETFs. The value of physical gold bars is estimated to be valued around $5 trillion, which is around 40% of the entirety of gold in the market.

The gold market in recent times has seen a rise in the prices, with an increase in prices in the final few months of 2023, reaching its peak of $2,135.39/oz in December, according to J.P. Morgan. Several factors have fueled the recent rise in gold prices. Central bank activity and geopolitical tensions have played a role. Additionally, a weakening US dollar and anticipated interest rate cuts by the Federal Reserve have made gold more attractive as an investment. J.P. Morgan Research predicts a further increase in gold prices, reaching around $2,300/oz by 2025, due to economic factors and inflation.

However, it’s important to note that gold demand has experienced a mixed picture. While overall demand (excluding over-the-counter or OTC markets) dipped by 5% in 2023 compared to the prior year, including OTC and stock flows paints a different picture. When these factors are considered, total demand actually increased to 4,899 tons in 2023, up from 4,448 tons in 2022 (according to the World Gold Council).

The U.S. gold market has been active, ranking as the fifth-largest producer globally in 2022 with a 2% increase in production compared to 2021. Major players in the industry include the Fort Knox Gold Mine in Alaska, the Cripple Creek & Victor Gold Mine in Colorado, and the Carlin-Trend mines in Nevada. However, US production dipped slightly in 2023, dropping from 173 tons in December 2022 to 170 tons. Looking at the long term, the average annual production from 1900 to 2023 sits around 111 tons.

In the U.S., the top two companies of the gold market are Newmont Corporation (NYSE:NEM) and Barrick Gold Corporation (NYSE:GOLD), operating in various regions including North America, South America, Australia, and Africa. Newmont Corporation (NYSE:NEM) has a market cap of $39.2 billion, sitting at the very top. It reported its sales to be around $11.8 billion for the year ending on December 31, 2023, which is slightly lower than $11.9 billion that Newmont Corporation (NYSE:NEM) reported in the previous year. On the other hand, Barrick Gold Corporation (NYSE:GOLD), operating in the same regions, reported sales of $11.397 billion for the year ending on December 31, 2023. This shows slight improvement from $11.013 billion that Barrick Gold Corporation (NYSE:GOLD) reported in the preceding year.

In contrast, Australia is the 3rd biggest producer of gold in the world; however, they have shown a decrease in their gold production in 2023, down from 314 tons in 2022 to 310 tons. It is known to hold the world’s largest gold reserves, positioning it at a prime position on the global landscape. Within the country, Western Australia is ruling the gold market, being home to world’s 11 biggest gold mines, which contribute 70% to country’s overall production. Furthermore, 250+ gold/silver companies are listed on ASX; Newmont Corporation, being the biggest one listed, is operating the Cadia Valley, which is the biggest gold mine of the world and is under 100% ownership of the company!

Let’s now dive into the 20 Biggest Gold Companies in Australia for 2024.

A closeup view of a large gold mine, illustrating the company’s gold properties.

Methodology

For our list of the 20 Biggest Gold Companies in Australia for 2024, we have collected data based on the top 20 largest companies by market capitalization, and hence, the companies with the biggest market cap made to this list. This data has been sourced from Yahoo Finance. The market capitalization figures in Australian Dollars have been converted to US Dollars with the exchange rate provided by X-Rates, as of March 25, 2024. The exchange rate used for conversion is 1 AUD = 0.65 USD. With this, we present to you our list of 20 Biggest Gold Companies in Australia for 2024.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

20. Ora Banda Mining Limited (ASX:OBM.AX)

Market Cap: $324.81 million

We begin with Ora Banda Mining Limited (ASX:OBM.AX), ranking at the bottom of our list of 20 Biggest Gold Companies in Australia for 2024. Ora Banda Mining Limited (ASX:OBM.AX) is an Australia based company with a focus on exploration, mine development and then sale of gold in Western Australia.

Ora Banda Mining Limited (ASX:OBM.AX) recently released their financials for the half year ending on December 31, 2023, showcasing an uptick in their sales. The sales are now up to $62.86 million from $42.79 million, which the company reported in the same period of the preceding year.

19. Spartan Resources Limited (ASX:SPR.AX)

Market Cap: $396.77 million

Next on our list is Spartan Resources Limited (ASX:SPR.AX), incorporated in 2009, with its headquarters in West Perth, Australia. Spartan Resources Limited (ASX:SPR.AX) deals specifically in the exploration and development of high-grade gold.

Spartan Resources Limited (ASX:SPR.AX), recently reported a betterment in their net loss in the financial reports for the 6-month period ending on December 31, 2023. Their net loss is now down to $17.07 million as compared to $23.51 million that the company reported for the same period in the previous year.

18. Tietto Minerals Limited (ASX:TIE.AX)

Market Cap: $442.30 million

Tietto Minerals Limited (ASX:TIE.AX) is an Australia-based gold producer, specifically involved in the exploration and development of gold in Australia and West Africa. Tietto Minerals Limited’s flagship project is the Abujar gold project, which is situated in the central western region of Côte D’Ivoire.

Tietto Minerals Limited (ASX:TIE.AX) reported unaudited cash, bullion and VAT receivables of around $54.6 million for the quarter ending on December 31, 2023. This figure is significantly higher as compared to $29 million which the company reported for the previous quarter.

17. Resolute Mining Limited (ASX:RSG.AX)

Market Cap: $541.72 million

Resolute Mining Limited (ASX:RSG.AX) is next up on our list of 20 Biggest Gold Companies in Australia for 2024. The company has around 30 years of experience in the exploration, development and operation of gold mines. Resolute Mining Limited focuses on its operations in the African region.

Resolute Mining Limited (ASX:RSG.AX) recently released their financial reports for the year ending on December 31, 2023. This period highlighted a net income of around $141.81 million which is a significant improvement over the net loss of $34.08 million that the company reported for the preceding year.

16. Silver Lake Resources Limited (ASX:SLR.AX)

Market Cap: $730.00 million

Silver Lake Resources Limited (ASX:SLR.AX) is an Australia-based intermediate gold producer with its operations spreading over Western Australia as well as in Northern Ontario in Canada. Silver Lake Resources Limited engages in mine development, exploration, production and sale of gold.

Silver Lake Resources Limited recently released their financials for the year concluding on December 31, 2023. In this period, the company presented a statutory Net Profit after Tax (NPAT) of $31 million, which includes a non-cash tax expense of $28 million.

15. West African Resources Limited (ASX:WAF.AX)

Market Cap: $780.00 million

West African Resources Limited (ASX:WAF.AX) has an active involvement in the acquisition, exploration and advancement of various mineral resource projects. The company primarily operates within West Africa, specializing in exploration of gold and copper deposits.

West African Resources Limited  showed an improvement in their sales reported for the year ending on December 31, 2023. The sales reported, $431.41 million is up from $396.83 million that West African Resources Limited (ASX:WAF.AX) reported for the previous year.

14. Westgold Resources Limited (ASX:WGX.AX)

Market Cap: $780.00 million

Westgold Resources Limited (ASX:WGX.AX) is a gold producer based in Australia. It is focused on the exploration, development and operation of gold mines, primarily in Western Australia.

Westgold Resources Limited recently disclosed their financials for the year ending on December 31, 2023. They reported a sales revenue of $654.4 million which shows a slight improvement over $647.6 million which Westgold Resources Limited (ASX:WGX.AX) reported for the preceding year.

13. Red 5 Limited (ASX:RED.AX)

Market Cap: $820.00 million

Next up on our list of 20 Biggest Gold Companies in Australia for 2024 is Red 5 Limited (ASX:RED.AX). It is an Australian company located in the Eastern Goldfields of Western Australia. Red 5 Limited primarily works on the exploration and production of gold and possesses a significant exploration area in the region.

Red 5 Limited (ASX:RED.AX) recently disclosed their financials for the 6-month period ending on December 31, 2023. They reported sales revenue of about $283.5 million, which is a significant improvement over $159.8 million, reported by the company for the previous period.

12. Regis Resources Limited (ASX:RRL.AX)

Market Cap: $960.00 million

Regis Resources Limited (ASX:RRL.AX) is a publicly owned Australian mid-tier gold company that focuses on the production and exploration of gold. They sit at 12th place on our list of 20 Biggest Gold Companies in Australia for 2024, with their operations spanning over New South Wales and Western Australia.

Regis Resources Limited reported sales of $358.88 million for the 6-month period ending on December 31, 2023. This sales figure shows an improvement over $349.80 million of sales that Regis Resources Limited (ASX:RRL.AX) reported for the same period in the previous year.

11. Gold Road Resources Limited (ASX:GOR.AX)

Market Cap: $1.12 billion

Gold Road Resources Limited (ASX:GOR.AX) is based in West Perth, Australia, primarily focusing on the production and exploration of gold. They have a solid footprint over the gold industry in Australia.

Gold Road Resources Limited recently released their financials for the year ending on December 31, 2023. For this period, they showed an improvement in their sales which went up to $308.03 million, as compared to $249.84 million that Gold Road Resources Limited (ASX:GOR.AX) reported for the previous year.

10. Emerald Resources NL (ASX:EMR.AX)

Market Cap: $1.19 billion

Emerald Resources NL (ASX:EMR.AX) ranks 10th on our list of 20 Biggest Gold Companies in Australia for 2024. The company primarily focuses on exploration and development of mineral resources in Cambodia and Australia. Their prime project is the Okvau Gold Project, which is located in the city of Phnom Penh, province of Mondulkiri.

Emerald Resources NL recently reported sales of $115.31 million for the 6-month period ending on December 31, 2023. This shows an improvement over the sales of $87.22 million that Emerald Resources NL (ASX:EMR.AX) reported for the same period in the previous year.

9. Capricorn Metals Limited (ASX:CMM.AX)

Market Cap: $1.27 billion

Capricorn Metals Limited (ASX:CMM.AX) is an Australian gold producer, which is based in Perth, West Australia. They focus on assessment, exploration, development and production of gold. Their top projects include the Karlawinda gold project and the Mt Gibson Gold Project, both located in Western Australia.

Capricorn Metals Limited (ASX:CMM.AX) recently released their financials for the half-year ending on December 31, 2023. During this time period, Capricorn Metals Limited showed improvement in their sales as compared to the same period in the previous year; the sales went up to $118.49 million, from $94.88 million.

8. Genesis Minerals Limited (ASX:GMD.AX)

Market Cap: $1.32 billion

Genesis Minerals Limited (ASX:GMD.AX) is primarily focused on the exploration and development of gold in Western Australia. The company is focused on the Leonora district of the Western Australia.

Genesis Minerals Limited released their financial figures for the full year ending on June 30, 2023. For this time period, Genesis Minerals Limited (ASX:GMD.AX) reported significant deterioration in their net loss as compared to the previous year, which went down to $72.92 million from $30.24 million.

7. Ramelius Resources Limited (ASX:RMS.AX)

Market Cap: $1.34 billion

Ramelius Resources Limited (ASX:RMS.AX) is a Western Australian gold producer, with the intent to explore and produce gold. They also engage in the exploration of various other base metals.

Ramelius Resources Limited (ASX:RMS.AX) showed an improvement in sales, which are now up to $411.91 million for the year ending on June 30, 2023, as compared to $394.00 million for the preceding year.

6. Bellevue Gold Limited (ASX:BGL.AX)

Market Cap: $1.42 billion

Bellevue Gold Limited (ASX:BGL.AX) is an Australian gold company, which is based in Western Australia and headquartered in West Perth, Australia. They focus on exploration and mine development of gold.

Bellevue Gold Limited recently released their financials for the half-year ending on December 31, 2023. During this time period, Bellevue Gold Limited (ASX:BGL.AX) showed an improvement in their net loss as compared to the same period in the previous year; it saw an uptick to $1.43 million, from $8.19 million.

5. De Grey Mining Limited (ASX:DEG.AX)

Market Cap: 1.49 billion

De Grey Mining Limited (ASX:DEG.AX) is a West Australian company, primarily focusing on the exploration and project development of gold. They have a solid footprint over the gold industry in Australia with the Hemi Gold project as their prime focus.

De Grey Mining Limited recently released their financials for the half-year ending on December 31, 2023. For this period they showed an improvement in their sales which went up to $0.013 million as compared to $0.0088 million that De Grey Mining Limited (ASX:DEG.AX) reported for the previous year.

4. Perseus Mining Limited (ASX:PRU.AX)

Market Cap: 1.87 billion

Perseus Mining Limited (ASX:PRU.AX) is an Australian gold mining company with a hold over the gold mines of Edkan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire.

Perseus Mining Limited recently disclosed their financial report for the 6-month period ending on December 31, 2023. In this period, they showed an improvement in their revenue, which is now up to $317.82 million, as compared to $289.99 million which Perseus Mining Limited (ASX:PRU.AX) reported for the same period in the previous year.

Page 1 of 4

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!