Mineral Resources and Energy Minister Tom Koutsantonis said the new production record, which is up by $1.3 billion on the previous financial year, is attributed to an increase of iron ore and petroleum production, and steady production of copper.
Mr Koutsantonis said the Government aimed to increase the value of mineral and energy resources production to $10 billion per year by 2017, which is where the additional 5,000 jobs would be created.
The oil and gas industry and the coal industry in Australia are both over 80 per cent foreign owned, meaning more than 80 per cent of the profits go overseas.Mark Ogge, The Australia Institute
The jobs target was brought forward before the 2018 state election to hold the Government accountable.
Mr Koutsantonis said the focus would be on employing young South Australians and keeping them in the state.
"We want young South Australians to stay here, not go interstate or abroad to find work and the best way to do that is to have companies spending large amounts of capital here in South Australia because it's cheaper to hire locals," Mr Koutsantonis said.
"We're training people up at Tonsley TAFE, we're training people up at universities to try and make sure they have access to all the skills they need."
Mr Koutsantonis said the Government was confident it could further increase production in the state and encourage more mining companies to be based in the state.
The jobs announcement forms part of Premier Jay Weatherill's 10 economic priorities, which were announced in August.