State of Victoria, Australia

As the largest gold producer in the state of Victoria, Australia, the Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo and 130 km north of the city of Melbourne. The Fosterville mine features highly-profitable gold production, as well as extensive in-mine and district-scale exploration potential.

Key Facts

Mine type


2023 production

277,694 oz gold

2023 production costs

$473/oz gold

2023 total cash costs

$488/oz gold

Gold reserves
as at December 31, 2023

1,682,000 oz

See 2023 year end Mineral Reserves and Mineral Resources statement for additional detail.

2024 production guidance

210,000 oz gold

2024 total cash costs guidance

$698/oz gold

Mine life


Mine Production

2023 Output