The 2.75 per cent royalty, slated to begin next year, was a controversial measure introduced in the Victorian state budget last month.

Mining bosses said it risked the industry's viability.

Ms Settle said she had been talking to people in the industry including at Ballarat Goldmine.

"I'll continue those conversations in the months ahead," she said in a statement to The Courier.

"I will always be advocating for our local industries."

She also stated: "It is important that all Victorians benefit from the minerals dug from our soil, that's why we have a royalty system on our minerals. Gold should not be exempt from this system and Victoria should not be the only state in Australia providing this exemption."

The announcement of the tax blindsided many working in the mineral industry both in Victoria and nationwide.

The Minerals Council of Australia accused the Victorian treasury of imposing the tax without any consultation.

Louise Staley, the Liberal member for Ripon, said the treasurer Tim Pallas was "risking regional jobs".

She said workers in Ballarat faced an uncertain future and the treasurer had shown "complete disregard" for the consequences.

Around 220 people are employed by the mine, which opened in 2005, either directly or as contractors.

The operation is part of Castlemaine Goldfields, a subsidiary of Singaporean company LionGold.

The tax would only apply to operations that produce more than 2,500 ounces each year.

The Ballarat Goldmine produces considerably more than the limit - approximately 40,000 ounces each year.

Stephen Jeffers, the manager of Castlemaine Goldfields, confirmed Ms Settle had made a "positive, fact-finding" visit this week.

Mr Jeffers said he was not "philosophically opposed" to royalties.

"However, royalty regimes need to be tailored to suit the operating conditions where they are applied," he said.

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