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Fosterville Gold Mine is a gold mine east of Bendigo in the Australian state of Victoria. As of 2022, it was the largest gold mine in Victoria. [1] The current mine was established by Newmarket Gold. Newmarket was taken over by Kirkland Lake Gold in 2016, and in turn that merged with Agnico Eagle Mines Limited in 2022.
Bendigo Reefs longitudinal cross section (east-west) Thomas Logan (1836-1897) was born in St Bees, Cumberland. [13] After the gold rush in Victoria he came to Otago and worked as an alluvial miner. In 1863, Logan began to prospect the lower slopes of Bendigo Hill, searching for quartz reefs from which the alluvial gold had been liberated.
The mine was opened in 1939 by the Central Deborah Gold Mining Company during a 1930s revival of the gold industry, extending an existing 108 ft shaft from many years earlier with new machinery. It was one of the last mines to open on the Bendigo goldfields and one of the few to stay open during World War II. It was expanded during 1945–46 ...
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
The gold rush is reflected in the architecture of Victorian gold-boom cities like Melbourne, Castlemaine, Ballarat, Bendigo and Ararat. Ballarat today has Sovereign Hill—a 60-acre (24 ha) recreation of a gold rush town—as well as the Gold Museum. Bendigo has a large operating gold mine system which also functions as a tourist attraction.
Over the 100-odd year period from 1851 to 1954, the 3,600-hectare area that made up the Bendigo gold field yielded 777 tonnes (25 million ounces) of gold. [64] A large amount of gold remains in the Bendigo goldfields, estimated to be at least as much again as what has been removed.