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Australia's gold renaissance

The current move up in the US$ gold price is doing wonderful things for the Australian gold industry today. For the past three months since May 1, 2016, the average weekly close has been A$1,753/oz and so far in our July/June financial year it has been A$1,768 after being A$1,663 for the June 2016 half – A$100/oz better than the June half.

Australia's gold renaissance Australia's gold renaissance Australia's gold renaissance Australia's gold renaissance Australia's gold renaissance

My universe of 19 Australian-listed (ex-Newcrest) gold companies is looking at a bumper year in FY17 that would be double FY16 reported earnings of A$1,043 million.

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