More than six months after it was officially announced, the Beaconsfield gold mine has finally closed.
In November last year, mine owner BCD Resources announced that it would close the embattled mine.
It explained that "at today's gold price it is not viable to mine below the current depth of 1210 metres".
BCD Resources CEO Peter Thompson explained: "Below the current base of the mine, gold mineralisation thins and further development is not viable. This has been confirmed by an independent consultant. The company will continue to review the mining plan and mine life should the gold price continue trending upwards."
This announcement came nearly a year after the mine retrenched close to 100 workers in an attempt to make the mine profitable.
Over the weekend the last 40 miners clocked off, according to the ABC.
The region's mayor Barry Easther said that part of the mine will now be turned into the Beaconsfield Mine and Heritage Centre, to draw tourists.
Easther unveiled a 3D model of the mine and the complications of underground mining, which is introduced by Russell's hologram, mid last year.
"We're looking forward to expanding that and developing our tourist attraction," he said.
"It's a disappointing time however we need to look to the future."