Tag: gold

The good, bad and ugly of Australian gold

The good, bad and ugly of Australian gold

By Rachel Dally-Watkins 2 April, 2015 WHILE the gold mining industry experienced a tumultuous past year, Doray Minerals managing director Allan Kelly said that, for his company, not a lot had changed thanks to a three pronged approach to weathering the uncertain market. Speaking at a WA Mining Club lunch in late March, Mr Kelly said his company’s focus on sustainable gold production, company management and exploration success had secured a “solid financial performance” for the first half of financial year 2014-2015. Capital expenditure to set the company up for the second half of 2015 and lower underground grades at Andy Well meant that the company “always knew the first half of this financial year was going to be a…

The Interview: Platypus Minerals managing director Tom Dukovcic

The Interview: Platypus Minerals managing director Tom Dukovcic

March 2015 JUNIOR explorer Platypus Minerals is focused on prospective copper-gold and base metals projects in the East Pilbara and Peru’s San Mateo mining district. Managing director Tom Dukovcic spoke to Jane Goldsmith about the company’s success. Q. What is your educational background? I’m a geologist, having gained my BSc (Hons) degree from the University of Melbourne. I grew up in the northern suburbs of Melbourne where my Croatian parents, brother and I settled after emigrating from the old Yugoslavia in 1969. I initially studied computer science at university, very much a ‘sunrise’ industry in 1979, and only took a few units in geology through general interest. I soon grew bored and disenchanted with computer science whereas I readily took…

Northern Star on the rise

Northern Star on the rise

By Mark Scott AT Northern Star Resource’s 2013 annual general meeting, chairman Chris Rowe told shareholders the company was on the lookout for WA acquisitions to help meet its goal of becoming a top ASX-listed gold producer. At the time, Northern Star was producing about 100,000 ounces per annum of gold from its Paulsen gold project in the Pilbara region and had a market capitalisation of $301 million, with its share price at $0.71. A year later, Mr Rowe could tell an entirely different story. The company was on track to becoming a 600,000ozpa producer; was the second biggest ASX-listed gold miner and, with a share price at $1 and rapidly rising, was the best performing ASX-200 company…