Ravenswood Gold Group Pty Ltd

What Ravenswood Gold Group Pty Ltd does

Ravenswood Gold Group Pty Ltd (legal entity: Ravenswood Gold Pty Ltd) operates Queensland's largest open-cut gold mine, located at Ravenswood in North Queensland, approximately 120 km south of Townsville. The company undertakes the end-to-end gold mining process, from discovery and drilling through crushing, milling, and gold pour, producing gold-silver alloy doré bars. Production is targeted at 200,000 ounces per year, with a stated life of mine extending beyond 2039 and a committed expansion to push the life of mine beyond 2040. The operation combines traditional extractive methods with advanced operational technology, including Australia's only onsite CSIRO-developed Chrysos PhotonAssay machine for chemical-free gold assaying, modern Hitachi fleet fitted with fleet management and fatigue monitoring systems, a company-wide Safety Risk Management Software System, and an eco-friendly citrus oil-based dust suppression system.

The company is privately held, having been acquired in 2020 by EMR Capital (private equity) and GEAR (Golden Energy & Resources Limited), and completed a US$1 billion comprehensive refinancing in June 2026 to fund its next phase of growth. Headcount is approximately 1,000 team members, with over 92% locally hired from the Ravenswood and broader Northern Queensland community. Beyond core mining, the company runs a Community Investment Program (approximately $170,000 annually), a Community Grants co-funding scheme, mental health and wellbeing partnerships (MindFit@Work), and RFDS-supported health clinics, and participates in a regional mutual aid emergency response agreement.

Ravenswood Gold's business model is a B2B commodity production model. Gold doré bars are sold directly to gold refineries, bullion banks, and commodity buyers at prevailing spot prices, with no fixed pricing tiers disclosed. Revenue is therefore a function of production volume and the spot gold price, with offtake likely structured through standard refinery agreements. Customer-facing go-to-market is relationship-driven, anchored in production reliability, gold quality, and responsible sourcing credentials, supported by a corporate website, LinkedIn presence, community newsletter (Ravenswood Round-up), and a careers page that also functions as employer branding. The company's primary customer segment is refiners and commodity buyers; no specific offtake counterparties are publicly named.

Name

Ravenswood Gold Group Pty Ltd

Legal name

Ravenswood Gold Pty Ltd

Website

https://ravenswoodgold.com

Company type

Private

Founded year

2020

Operating status

Operating

Short description

Ravenswood Gold operates Queensland's largest open-cut gold mine, producing gold doré bars from a single North Queensland site with a target of 200,000 ounces per year and life of mine beyond 2039. It is privately held by EMR Capital and GEAR, selling doré at spot prices to refineries and commodity buyers.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Silver Mining (IMAKAEAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Gold mining operations
• Open-cut mining
• Gold doré production
• Commodity gold sales
• Mining safety systems

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Gold Production & Sale: Ravenswood Gold generates revenue through the extraction and sale of gold. The operation produces doré bars (gold-silver alloy) from ore extraction through to the gold pour, which are then sold to refineries and bullion markets. The company targets 200,000 ounces of gold production per year. Revenue is directly tied to gold commodity prices and production volume, with a long-term mine life extending beyond 2039 providing sustained revenue visibility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Ravenswood Gold operates Queensland's largest open-cut gold mine, undertaking the end-to-end process from ore extraction through crushing, milling, and gold pour to produce gold doré bars (gold-silver alloy). The operation targets 200,000 ounces of gold production annually with a life of mine extending beyond 2039, selling doré bars to refineries, bullion banks, and commodity buyers.

Product overview

Ravenswood Gold is a private Australian gold mining company that operates Queensland's largest gold mine. The company offers a single unified operation focused on open-cut gold mining from ore extraction to doré bar production. Supporting operations include safety risk management systems, emergency response services, mental wellbeing programs, and community investment initiatives. The company also provides employment opportunities and professional development programs including leadership training and a Women in Leadership program.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Doré Bars

Quantifiable outcome

• 200,000 ounces of gold produced annually, with life of mine beyond 2039
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered support and minor.

• MindFit@WorksupportOthersPartnership providing mental health and wellbeing support to Ravenswood Gold employees. MindFit@Work offers counselling services as well as access to training and webinars focused on wellbeing, mental health, resilience, wellness, and mindfulness.
• Royal Flying Doctor Service (RFDS)supportOthersThe RFDS holds monthly clinics in Ravenswood with Ravenswood Gold assisting through on-ground transport and facilitating communication with patients. Ravenswood Gold's on-site nurse was recognised by RFDS as a Local Hero in 2020. Ravenswood Gold also supports RFDS Local Hero Awards.
• Nearby mining operations (Mutual Aid Agreement)minorOthersRavenswood Gold participates in a Mutual Aid Agreement with nearby mines, enabling collaborative emergency support across the region for emergencies including medical incidents, fires, HAZMAT situations, and vehicle rescues.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Northern Star Resources: ASX-listed Australian gold major operating Kalgoorlie, Jundee, and Yandal mines. Direct peer with similar open-cut operations, regional Western Australian/Northern Queensland footprint, and scale in the mid-cap to large-cap band.
• Capricorn Metals: ASX-listed Australian gold producer operating the Karlawinda mine in Western Australia with Mt Gibson development. Comparable mid-cap Australian single-region gold operator with similar production scale (100-150k oz) and growth-via-development profile.
• Perseus Mining: ASX/TSX-listed mid-cap gold producer with Edikan, Sissingué, and Yaouré mines in West Africa, plus Australian office presence. Comparable mid-cap gold scale, multi-asset growth strategy, and Australian corporate domicile.
• Resolute Mining: ASX-listed mid-cap gold producer operating the Ravenswood mine historically and currently focused on West African operations (Syama, Mako). Directly comparable by gold-only production profile and mid-cap scale; prior owner of Ravenswood gives historical linkage.
• Gold Road Resources: ASX-listed mid-cap Australian gold producer and JV partner with Gold Fields at the Gruyere mine in WA. Comparable by Australian-focused gold-only profile and JV-driven growth model.
• Evolution Mining: ASX-listed Australian mid-cap gold producer with multiple operating mines (e.g., Cowal, Ernest Henry, Mungari) and comparable scale and operational profile to Ravenswood Gold. Most directly comparable ASX peer by regional focus, mid-cap size, and open-cut / underground blend.
• St Barbara (Perenti/Mine 2): ASX-listed Australian gold producer operating Atlantic, Gwalia, and Pacific mines. Comparable by Australian regional focus and mid-cap gold production profile, though restructured post recent divestments.
• Ramelius Resources: ASX-listed mid-cap Australian gold producer with Mt Magnet, Edna May, and mining operations. Closely comparable by mine scale (~100-200k oz), single-region focus, and growth-via-acquisition strategy.

Broad incumbents

• Newmont Corporation: NYSE-listed global gold major with significant Australian operations (Boddington, Tanami, Cadia). Provides the broad incumbent benchmark for gold pricing, AISC, and ESG/responsible sourcing standards that Ravenswood Gold's doré competes against in refinery supply contracts.

Emerging players

• Aeris Resources: ASX-listed Australian gold and copper producer (Cracow, Mt Colin). Smaller scale than Ravenswood but overlapping Australian mid-tier resource sector and shared director/executive lineage (Geoff Atkinson previously at Aeris).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ravenswood-gold

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ravenswood Gold Group Pty Ltd