In 2003, to celebrate 50 Million Gold Ounces poured by KCGM - Kalgoorlie Consolidated Gold Mines from The Golden Mile, the Perth Mint released a very special Limited Issue The Golden Mile Gold Proof Coin struck in solid fine 99.99% Gold weighing One Ounce of pure Gold.
The reverse design features an artistic impression of the Chaffers Head Frame, the last on the Golden Mile, and incorporates the stars of the Southern Cross, while the obverse depicts the company logo of KCGM - Kalgoorlie Consolidated Gold Mines. These Gold Medallions have been struck to proof quality using specially prepared dies and highly polished blanks.
The 1893 gold rush resulted in the discovery of the Golden Mile, and by 1903, there were 49 operating mines, 100 headframes and more than 3,000 kilometres of underground workings on the Golden Mile.
In the 1980's, WA businessman Alan Bond started to buy up individual leases along the Golden Mile with the aim to consolidate them into a single company. While Bond’s company failed to complete the takeover, the entire area was combined in 1989. Kalgoorlie Consolidated Gold Mines Pty Ltd (KCGM) was formed to manage the KCGM Operations owned by joint venture parties Normandy Australia Ltd and Homestake Gold of Australia Ltd.
In November 2019 and January 2020, joint venture parties Barrick Gold Corporation and Newmont Goldcorp Corporation sold their 50:50 interests in the KCGM Operations to Saracen Mineral Holdings Ltd and Northern Star, respectively.
Limited Mintage Worldwide
Finished to Perth Mint's Proof Quality
Struck in Solid Fine .9999 Gold Weighing One Ounce of pure Gold
Celebrating 50 Million Ounces poured at the Golden Mile by Kalgoorlie Consolidated Gold Mines
