Australian mining firm Santana Minerals has forecasted making $3.8 billion (NZD) in pre-tax profit off a proposed gold mine it hopes to open in Otago by 2027.

The company believes it could get 1.25 million ounces of gold from the mine near Cromwell - and the profit is predicted to be significant if gold prices keep holding up.

Santana Minerals CEO Damian Spring says this mine will come with dividends for New Zealand, in terms of royalties and jobs and services.

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Australian mining firm Santana Minerals has forecasted making $3.8 billion (NZD) in pre-tax profit off a proposed gold mine it hopes to open in Otago by 2027.
The company believes it could get 1.25 million ounces of gold from the mine near Cromwell - and the profit is predicted to be significant if gold prices keep holding up.
Santana Minerals CEO Damian Spring says this mine will come with dividends for New Zealand, in terms of royalties and jobs and services.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Damian Spring: Santana Minerals Chief Executive on Australian miners predicting Otago gold mine could make $3.8 billion

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f7ebfa1c-5188-458a-bbd8-b30e0078aaa7/transcript