Record gold prices boost new Bellevue mine, with possibility of further gains 'gravy on top'

The Business

By business reporter Rachel Pupazzoni

Posted 2h ago

The gold shovels propped up next to the podium were a dead giveaway — never has there been a better time to be a gold miner.

Our fifth most-valuable export has been hitting new highs, surpassing $US2,200 an ounce this month.

That's more than $3,300 in Australian currency.

When the team at Bellevue Gold gathered to officially open their new mine in Western Australia's Goldfields region, chief executive Darren Stralow was beaming as brightly as the glittering shovel he presented to the WA mines minister to commemorate the event.

"Record high gold prices, I'd like to say we planned it that way, but we'll certainly take it," he told The Business.

https://www.abc.net.au/news/2024-03-28/gold-prices-setting-records-global-economic-uncertainty/103632994