New gold production record as Western Australia resources sales hit $182 billion

Western Australia reached a record $36 billion in gold production in CY25, helping the state to a world-leading resource sector performance. The state’s gold production in CY25 measured approximately 6.8 million troy ounces or around 212 tonnes – which is easily one of the highest levels since the 1990s, with local producers expanding output to take advantage of high prices.

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This included Telfer, which resolved earlier operational issues after its acquisition by Greatland Gold, Ramelius’ Cue, due to higher ore grades and lower ore dilution, as well as Genesis’ Gwalia and Mt Morgans operations, supported by the early restart of the Laverton mill and the ramp-up of new mines.

The strong production numbers benefited from record gold prices, averaging more than US$3,400/ounce. The precious metal has maintained its safe-haven investment status in an environment of global tensions and economic uncertainty.

The performance saw gold become WA’s second most valuable commodity behind iron ore, which again led the way, with sales valued at $126 billion and export volumes reaching an all-time high of 889 million dry metric tonnes.

Western Australian Mines and Petroleum Minister, David Michael, said minerals production led the way once again for WA’s resources sector in CY25, with $182 billion in sales, around the same level as recent years. Minerals made up 80% of all resource sector sales, slightly higher than the 10-year average.

Earnings from Western Australia’s resources sector helped keep the state’s economy the strongest in the nation in 2025, delivering more than 136,000 full-time equivalent on-site mining jobs, record exploration spending, higher production from key commodities and decade-high investment.

Direct employment in the petroleum sector rebounded to 11,244, adding to another year of exceptional performance across the state.

Resources royalties hit $10.6 billion with $226 billion in mineral and petroleum sales.

Liquefied natural gas (LNG) and condensate returned $32 billion and $6.7 billion in sales, respectively, continuing to make a major contribution to WA’s economy.

While softer global conditions continued to affect some battery minerals, lithium sales hit a record of nearly four million tonnes of spodumene concentrate.

Exploration activity in WA remained robust in 2025 as mineral expenditure reached a record $2.7 billion, with gold and iron ore the main targets.

Investment in WA’s mining and petroleum industries rose to a decade‑high $34 billion, reinforcing the sector’s growth potential and future development.

Minister Michael said royalties paid by the sector continue to power WA, funding hospitals, schools and essential services, and strengthening the regional communities.

“We will keep working with industry to support employment, unlock future growth and strengthen WA’s position as a world-leading resources jurisdiction.”

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