Castlemaine Goldfields Limited (CGT) is a successful gold explorer and producer with five significant goldfields in Victoria's gold belt. CGT’s primary focus is the high-grade underground gold mine in Ballarat, which started producing gold in September 2011.
Castlemaine Goldfields holds significant exploration titles across five substantial goldfields in Central Victoria, giving the Company access to two of the three largest historical gold producing areas (17M oz total). CGT has 100% interest in the Ballarat, Castlemaine, Tarnagulla, Berringa Goldfields, and is farming out exploration on its 100% owned Sebastian and Raydarra project.
The company is hedge free, debt free and fully operational. The Company is building its gold production to an annualised rate of 50,000oz pa. Production at Ballarat will be supplemented by near mine potential and CGT’s regional Victorian targets.