Stawell Victoria's largest gold mine to close

Discussion in 'Gold' started by Ipv6Ready, Dec 13, 2016.

  1. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    http://www.abc.net.au/news/2016-12-...ell-gold-mines-close/8114884?section=business


    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.
     
    Ipv6Ready, Dec 13, 2016
    #1
  2. REDBACK

    REDBACK Well-Known Member Silver Stacker

    Joined:
    Nov 22, 2011
    Messages:
    4,133
    Likes Received:
    1,640
    Trophy Points:
    113
    Location:
    Melbourne
    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
     
    REDBACK, Dec 13, 2016
    #2
  3. masmas

    masmas New Member

    Joined:
    Aug 10, 2016
    Messages:
    277
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Sydney, Australia
    Does this means that Australia will be losing its position as the second largest Gold mining country in the world ?

    [​IMG]
    :eek:

    Is it because of the tax issue like described in: http://www.theaustralian.com.au/bus...d/news-story/87fc452ccd1f9e05834a493a81eb475b
     
    masmas, Dec 14, 2016
    #3

Share This Page