Introducing the skilled treasure seeker – who struck gold and found herself a fortune of $100k. Tyler Mahoney, 27, developed a fascination for gold prospecting at a young age, inspired by her family’s involvement in the field. Seeking a change of scenery, she made the bold decision to leave her small hometown of Kalgoorlie in Western Australia and start a new chapter in Melbourne, Victoria when she turned 18.
‘I’m a passionate gold digger and recently struck gold with a nugget valued at £80,000 – who knows, I might become a millionaire soon!’ Discovering gold is not just a rare hobby but also an uncommon profession. Nevertheless, there are some individuals who have managed to uncover enough valuable nuggets that could potentially make them millionaires in the near future. Tyler Mahoney, a 27-year-old professional gold digger from Western Australia, is one such person. Gold mining runs in her family, with four generations before her having pursued the same path. Initially hailing from Kalgoorlie, she decided to leave her small-town life behind and move to Melbourne, Victoria. However, after a couple of years, the allure of gold-digging drew her back to her hometown. Tyler now works alongside her family members, including her parents and younger brother Reece, who is 24 years old. Together, they have successfully unearthed gold worth an impressive $100,000 (£80,145).
A woman is excited about her recent discovery of valuable gold, which she believes could potentially make her a millionaire. Tyler Mahoney, a professional gold digger from Western Australia, comes from a family with a long tradition of gold mining. Originally from a small town called Kalgoorlie, she moved to Melbourne to escape the slow-paced lifestyle. However, after two years, she returned to her hometown to pursue her passion for gold mining. Together with her parents and brother, she has managed to unearth gold worth up to £80,000 ($100,000). During the summer months, she typically works from 5 a.m. to 1 p.m., but in winter, her working hours extend from 6:30 a.m. to 5 p.m.
Ms Mahoney finds prospecting highly addictive due to its inherent unpredictability. Despite the lack of stability, there is always the thrilling possibility of striking gold and making a substantial profit. She describes the constant thrill and satisfaction of discovering precious nuggets as a “dopamine hit.” Dissatisfied with her stable job and life in Melbourne, Ms Mahoney realized that gold mining was her true passion and decided to pursue it full-time. She attributes this lifestyle to the continuous release of dopamine she experiences through her treasure hunts.
At the end of each month, the family divides their earnings evenly. Since gold nuggets are rare and highly sought after, they often sell at a premium. Having been in the gold mining business for 11 years, the family has developed a vast network of contacts, which helps them maximize their profits. Ms Mahoney explains that they have their own gold dealership, enabling them to sell their findings directly to the public and command a higher price. While gold prices are generally set in US dollars worldwide, the rarity of gold nuggets allows them to sell for more.
Ms Mahoney highlights the complexity involved in determining the value of gold. In Australia, the current gold price stands at around $90 per gram. However, due to the premium associated with selling rare gold nuggets, she would offer her findings to the public at $120 per gram on her website. She emphasizes that selling gold involves multiple factors, and there is no one-size-fits-all approach. Additionally, she mentions a type of gold called sponge gold, which carries its own unique value.
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“We stumbled upon a rarity that’s being sold at three times the market price – currently valued at $270 per gram. Items of this nature are highly sought after by collectors.”
