Mt Todd gold mine set to reopen after 30 years amid soaring gold prices | ABC NEWS

The surge in the gold price has changed the economics of gold mining in the Northern Territory with mines now reopening and expanding from the Top End to the desert.

The long-dormant Mount Todd gold mine, near Katherine, is gearing up to restart production from one of the NT's biggest gold reserves.

The massive project brings the promise of royalties and jobs for the local Aboriginal people on whose land the mine sits.

But the mine is not without its financial, social and environmental challenges. James Elton has this report for Stateline Northern Territory.

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