Australian Gold Output Declines Amid Market Highs, Recovery Expected by 2030

Australia’s gold production is forecast to decrease for the fifth consecutive year in 2025, reaching 10.2 million ounces—a 0.1% drop from 2024. This occurs as gold prices have risen sharply, with spot prices surpassing $4,070 per ounce, a 57% increase year-over-year. While global gold production is set to grow by 0.17% in 2025, Australia’s temporary decline is attributed to project delays and resource depletion at some mature sites.

Analysts expect a turnaround in Australia’s output as new projects and significant expansions, such as the planned 62% production increase at Kalgoorlie’s Super Pit owned by NSR, come online. According to GlobalData, Australia’s annual gold production is projected to reach 13.2 million ounces by 2030, driven by portfolio realignments and increased capital investment. These developments are significant for mining markets, as Australia remains a leading gold producer and a critical player in global supply chains.

  • 2025 gold production forecast: 10.2 million ounces (Australia), 0.1% decrease from 2024
  • Gold spot price: $4,071.38/oz as of November 2025, up 57% year-over-year
  • Key expansion: Kalgoorlie Super Pit (NSR), production expected to increase 62% by 2027
  • Regulatory climate: No major new regulatory barriers reported
  • Strategic outlook: Production projected to reach 13.2 million ounces by 2030 (GlobalData)