As the largest gold producer in the state of Victoria, Fosterville is a high-grade, low-cost underground gold mine, featuring an extensive in-mine and district-scale exploration potential.

The mine began production in 2005 and has extracted 4.4 million ounces of gold to the end of 2024.

Ore is processed at the Fosterville mill, using conventional crushing and grinding followed by flotation, bacterial oxidation and CIL circuits to recover gold.

Location

State of Victoria, 20 km from Bendigo, 130 km north of Melbourne

Metals

Gold

Mine Type

Underground

2024 Performance

Production

225,203 oz gold

Production Costs

$653/oz gold

Total Cash Costs

$647/oz gold

2025 Guidance (Mid-Point)

Production

150,000 oz gold

Total Cash Costs

$1,015/oz gold

Mineral Reserves & Mineral Resources*

Proven & Probable Gold Reserves

1.7 million oz gold

Measured & Indicated
Gold Resources

1.5 million oz gold

Inferred Gold Resources

1.8 million oz gold

Highlights

  • On May 13, 2024, Agnico Eagle and leaders of the Dja Dja Wurrung People (“Djaara”) celebrated the signing of a historic agreement at Fosterville to develop and maintain a long-term relationship based on trust, mutual respect and collaboration. The agreement is called bakaru wayaparrangu, which means “in the middle, we all meet” in the Dja Dja Wurrung language. The agreement is the first to be established in the state of Victoria, Australia between traditional owners and a company with an active mining operation. The agreement includes measures to increase the Djaara's involvement in activities at Fosterville including training and employment opportunities, fostering business growth and safeguarding the environment, and is complemented by annual financial contributions.
  • Production from Robbins Hill commenced with the first stope mined in November 2024. The Robbins Hill area, along with Cygnet area, are expected to provide increased production flexibility at Fosterville.

For more details and the latest information on the Fosterville mine, see the Company’s latest Annual Information Form (opens in new tab) and recent news releases (opens in new tab).

Contact

Fosterville Gold Mine
McCormicks Road
Fosterville Victoria 3557
Australia

Tel: +61 3 5439 9000