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‘Gone ballistic’: Soaring gold price revives mothballed mines

‘Gone ballistic’: Soaring gold price revives mothballed mines

Towns like Coolgardie, population 850, are in the midst of a modern gold rush as investors and entrepreneurs scramble for a piece of the action.

Coolgardie’s Denver City Hotel is doing a roaring trade renting its rooms out to miners, but publican Daryl Kohlman says there are many subtler ways record gold prices are bringing the town back to life.

“You get more phone reception now because they’ve got the mines opening down the road,” says Kohlman, the publican in the town, population 850, that lies 554 kilometres north-east of Perth.

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Peter Ker
Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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Original URL: https://www.afr.com/companies/mining/a-soaring-gold-price-is-reviving-mothballed-mines-all-over-the-country-20250321-p5llev