Modern-day gold rush in west Australia

Sydney

CANADA-based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday, after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush.

It expects to produce a quarter-million ounces of gold this year, from a mine it bought a year ago in eastern Australia. It is also dipping a toe into a tantalising new gold region on the other side of the continent.