Overview
Company Overview
Bendigo Mining Limited (ASX: BDG) is an Australian gold producer which owns and operates two producing underground gold mines in Australia; the Kangaroo Flat Mine in Bendigo, Victoria and the Henty Gold Mine which is situated on the West Coast of Tasmania. The company plans to consolidate a profitable production base of around 80,000 oz of gold a year, which it aims to grow through successful exploration and acquisition.
The Kangaroo Flat Mine is located in the Bendigo Goldfield which is centered on the urban area of the City of Greater Bendigo. Bendigo is located 125 km northwest of Melbourne in the central Victorian Goldfields and has a population of 100,000 people making Bendigo the third most populous city in Victoria. The Bendigo Goldfield has the second largest historical production for a goldfield in Australia (after Kalgoorlie's Golden Mile) with an historic total production of 22 million ounces of gold from over a century of mining.
The Henty Gold Mine was acquired in July 2009 and has produced in excess of one million ounces of gold over a 13 year period. The Henty Gold Mine is situated 10 km south of the Rosebery base metals mine, on the West Coast of Tasmania.
Bendigo Mining is investing significantly to create a sustainable production base through continued exploration and development at both of its gold operations.
Bendigo Mining's aim:
The Company's goal is to be a successful mid-tier gold mining company, operating multiple mines in a responsible manner and achieving strong financial returns. We will build a growing production base and create multiple business and financial options. We will do this by:
- Discovering and developing new mineralisation at our gold operations.
- Exploring regional targets around our gold operations to discover new economic deposits.
- Acquiring new projects or companies to create value.
Our competitive advantage is we are experienced miners and explorers.
- We have particular strength in realising the potential of underground mining opportunities.
- We can target opportunities that may be too complex for small companies and not relevant for large producers.
- We are able to rapidly assess targets and be flexible in our approach to adding value.
- We will pursue new business opportunities, thoroughly assess project risks and act decisively.
Our team members will:
- Be accountable for their actions and decisions.
- Deliver quality work.
- Be reliable and innovative.
- Value the community and environment in which we operate.
