LeadStory

Reuters

Soaring prices spur new generation of Australian gold hunters

Reuters · Just In
Reuters
Reuters
Just In

Hobbyists are flocking to Australia's "golden triangle" in the heart of Victoria state, known as one of the world's most bountiful regions for gold nuggets. The prospectors have been spurred on by record gold prices, social media, the success of TV show "Aussie Gold Hunters", and a love for the outdoors.

Breakdown
  • Gold prices have reached record highs above $4,500 per ounce. 46s
  • Hobbyists are flocking to Victoria's Golden Triangle to hunt for gold. 34s
  • Sales of metal detectors, like the Minelab Gold Monster 2000, have surged. 1m 18s
  • Prospectors must obtain a Miner's Right permit to search for gold. 1m 35s
  • Permit demand hit a record in 2023, with over 100,000 active in Victoria. 1m 52s