Location | |
---|---|
White Pine County, Nevada | |
Country | United States |
Production | |
Products | Gold |
Production | 284,646 oz [1] |
Financial year | 2018 |
Owner | |
Company | Kinross Gold Corporation |
The Bald Mountain Mine is a large gold mine in northern Nevada. It is an open-pit, run-of-mine, heap leach gold mine with conventional heap leaching technology and carbon absorption for ore treatment. The mine is located in White Pine County, Nevada, 110 kilometers southeast of Elko.
Proven and probable gold reserves were:
In January 2016, Kinross Gold acquired Bald Mountain along with a 50% interest of the Round Mountain gold mine from Barrick Gold Corporation for $610 million in cash. [5] [6]
In 2018, 284,616 ounces of gold (2017: 282,715 oz) were produced, at a cost of $547 per ounce, a 15% improvement on the previous year's cost. [1]
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. As of 31 December 2019, the company had 71 million ounces of proven and probable gold reserves.
Eldorado Gold Corporation is a Canadian company that owns and operates gold mines in Turkey, Greece and Canada. Since its merger with European Goldfields in 2011 the company has been pursuing the development of the Skouries mine, Olympias mine and Stratoni mine in Greece. The company previously developed and operated gold mines in China, Brazil and Mexico. Headquartered in Vancouver and listed on the Toronto and New York Stock Exchanges, Eldorado Gold has developed and operated assets from several merged companies HRC Developments Corporation, Afcan Mining Corporation, Sino Gold Mining, Brazauro Resources, Integra Gold, as well as European Goldfields.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
Round Mountain is an unincorporated town in Nye County, Nevada, United States. The population of Round Mountain as of 2014 is 1,868. The town's ZIP code is 89045.
In the United States, gold mining has taken place continually since the discovery of gold at the Reed farm in North Carolina in 1799. The first documented occurrence of gold was in Virginia in 1782. Some minor gold production took place in North Carolina as early as 1793, but created no excitement. The discovery on the Reed farm in 1799 which was identified as gold in 1802 and subsequently mined marked the first commercial production.
Gold mining in Nevada, a state of the United States, is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces, representing 78% of US gold and 5.0% of the world's production. Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values. Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.
Coeur Mining, Inc. is a precious metals mining company listed on the New York Stock exchange. It operates five mines located in North America. Coeur employs 2,200 people and in 2012 it was the world's 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d'Alene Mines and moved its head office to Chicago, Illinois from Coeur d'Alene, Idaho.
Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diavik Diamond Mine.
Cortez Gold Mine is a large gold mining and processing facility in Lander and Eureka County, Nevada, United States, located approximately 63 miles (100 km) southwest of Elko. It is owned as a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%), operated by Barrick, and comprises the Pipeline, Crossroads, and Cortez Hills open pit mines; and the Cortez Hills underground mine. Ore from the mines is treated at an oxide mill at the site and on leach pads, while refractory ore is shipped to Barrick’s Goldstrike operation for processing.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
The Golden Sunlight mine is an open pit gold mine in Jefferson County, Montana, 5 mi (8 km) northeast of Whitehall and 24 mi (39 km) east of Butte, Montana. The mine sits at an elevation of 6,000 ft (1,829 m) on the Bull Mountain range.
Goldstrike is a gold mine in Eureka County in north-eastern Nevada. It is located on the Carlin Trend, a prolific gold mining district. It is owned and operated by Barrick Gold. Since Barrick acquired Goldstrike in 1986, until 2018 it produced 44.4 million ounces of gold.
The Tasiast gold mine is a gold deposit located in central western Mauritania, near the coast. The operating licence was granted to Tasiast Mauritanie Limited S.A. (TMLSA), a subsidiary of the Canadian group Kinross Gold Corporation. Mining activities began in 2007.
The Fort Knox Gold Mine is an open pit gold mine, 9 mi (14 km) east of Fox in the Fairbanks mining district of Alaska. It is owned and operated by Toronto-based Kinross Gold. Originally staked in 1913, after very minor mining at the location the property sat idle until being restaked in 1980. Following the initial exploration discovery in 1987, in 1992 the project was purchased by Amax Gold, which brought the mine to production. Amax Gold merged with Kinross Gold in 1998.
The Round Mountain Gold Mine is an open pit gold mine in Round Mountain, Nevada. The mine is operated and owned by Kinross Gold.
Chirano Gold Mine is an underground and open pit gold mine in the Western Region of Ghana, within the Bibiani gold belt. It is 90% owned by Toronto-based Kinross Gold Corporation. The Government of Ghana has a 10% carried interest.
The Marigold gold mine is an open pit gold mine in Valmy, Nevada, 14 miles (23 km) west-northwest of Battle Mountain. The mine is owned and operated by SSR Mining Inc.