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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/ba5be8f9-269b-4999-92c7-b30e0078a55e/transcript