Australian Gold Sector Quarterly Review

Gold has been the talk of 2025 (well, maybe second behind Tariffs), so we’ll take a closer look at the sector today, specifically on the Q3 performance of some of the miners who have already reported. We’re keeping track of all the production outputs, costs and all that cash coming through the door.

Gold Price

Since the start of the year, the gold price has continued upward, breaking numerous records along the way, smashing through the US$3,000/oz barrier earlier in the year. In Australian dollar terms, the precious metal has achieved multiple record highs this past quarter. Starting around A$4,200/oz in early January 2025, prices climbed to around A$4,500/oz by month's end before reaching A$5,040.00/oz in April - a 20% increase in one quarter.

What fueled the price increase? Several factors have caused the gold price to spike, ranging from geopolitical tensions, U.S. tariffs, macro uncertainty, and broker upgrades, driving investors to seek safe-haven assets like gold.

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DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and should not be considered financial advice. It is not intended to encourage you to buy/sell assets or make economic decisions. We strongly recommend conducting your own research before making any investment.