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


2021 production

509,601 oz gold

2021 production costs

$281/oz gold

2021 total cash costs

$282/oz gold

Gold reserves

2,018,000 oz

2022 production guidance

400,000 oz gold

2022 total cash costs guidance

$385/oz gold

Mine life


Mine Production

2021 Output