KCGM Celebrates 20 Million Ounces of Gold

The Golden Mile, once reputed to be the richest square mile on earth, is Australia’s most prolific gold district and home to the Kalgoorlie mine – jointly owned by Newmont and Barrick Gold and operated by Kalgoorlie Consolidated Gold Mines (KCGM).

This month, KCGM is celebrating a major production milestone, pouring its 20 millionth ounce of gold – and the 60 millionth ounce for the Golden Mile.

To celebrate this major milestone, KCGM has arranged a free Community Open Day at Hannans North Tourist Mine on Saturday, June 17, which includes free shuttle buses, a site-wide BBQ and activities for the public. Employees will also be presented with a commemorative gift on the day.

“The Golden Mile has a fascinating history,” said KCGM General Manager Ian Butler. “I am extremely proud to be associated with KCGM as we pour this historically significant ounce.”

The Kalgoorlie-Boulder mining area is considered one of the top five richest areas of gold-bearing ground in the world and one of the few mining districts in the world to be worked continuously for more than 124 years.

KCGM has been an important part of the Kalgoorlie-Boulder community for 28 years and continues to support sustainable projects for the long-term benefit of local residents. In addition to its Community Investment Program, the company supports local business, with roughly 30 percent of KCGM suppliers located in Kalgoorlie-Boulder.

While the current Life of Mine Plan has KCGM operating to around 2030, KCGM continues to look for opportunities to extend mine life. With new exploration and ongoing sustainability initiatives in place, KCGM has its sights set on reaching the 70 millionth milestone.