Aug 4, 2026 – 3.57pmThe rush among gold miners to expand production to cash in on historically high prices has stretched the industry to the limit, pushing up wages, blowing up demand for building materials and potentially delaying a stream of new projects in the pipeline.“I’ve never seen anything like it,” said Mark Zeptner, managing director of $6 billion miner Ramelius Resources. “Normally, in one year you probably see two to three gold plants get built. But if you go through the list [now], I reckon you can get up to about 10.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Gold rush creates construction bottlenecks, wage pressure for miners
A deluge of gold expansion projects has put miners in competition for scarce skilled labour and pushed up construction costs, potentially leading to delays.
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