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Newmont Corporation is a gold mining company based in Greenwood Village, Colorado, United States. 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 employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included four mines in Canada, two mines in Mexico, and four in Central and South America. As of the third quarter of 2014, Goldcorp was the world's fourth-largest producer of gold. On January 14, 2019, Goldcorp agreed to a merger acquisition by Newmont Mining Corporation, the world’s second-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer.
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.
Frank Giustra is a Canadian businessman, mining financier and global philanthropist, who also founded Lionsgate Entertainment. He is CEO of Fiore Group of Companies and co-chair of International Crisis Group. From 2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies.
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.
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 Red Lake mine was one of the largest gold mines in Canada and in the world. The mine is located in northwestern Ontario at Red Lake. The mine had estimated reserves of 3.23 million oz of gold in 2013. Note that the Campbell and Red Lake mines are mining the same orebody, commonly referred to as the Campbell-Red Lake deposit.
Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies as a by-product of their main operations.
New Gold Inc. is a Canadian mining company that owns and operates the New Afton gold-silver-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario, Canada. Through a Mexican subsidiary company, they also own the Cerro San Pedro gold-silver mine in San Luis Potosí, Mexico, which ceased operation in 2017. While New Gold was founded in 1980 for the purposes of mineral exploration, the company became a mine operator with its merger of Peak Gold and Metallica Resources in 2008. A fourth company, Western Goldfields, joined in 2009. Together they operated the Peak mine in Australia and Mesquite Mine in California but sold both in 2018. Headquartered in Toronto, shares of the company are traded on the Toronto Stock Exchange and NYSE American.
The Peñasquito Polymetallic Mine is the fifth largest silver mine in the world and the second largest in Mexico. It is located in north-eastern corner of the State of Zacatecas and is wholly owned by Newmont Goldcorp. It is an open pit operation which began operations in March 2010, but still managed to produce 13,952,600 ounces of silver that year. Estimated reserves for the Peñasquito Mine are 17.82 million oz of gold, 1,070.1 million oz of silver, 3,214 tons of lead and 7,098 million tons of zinc. The mine has its own radio station, XHESP-FM 98.9 "Radio Peñasco".
The Porcupine mine is one of the largest gold mines in Canada and in the world. The mine is located in Timmins, Ontario. The mine has estimated reserves of 4.35 million oz of gold.
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.
The El Morro mine is one of the largest gold mines in Chile and in the world. The mine is located in the north of the country in the Atacama Region. The mine has estimated reserves of 6.7 million oz of gold. The mine also holds reserves amounting to 449.5 million tonnes of ore grading 0.49% copper.
The Noche Buena mine is one of the largest silver mines in Mexico and in the world. The mine is located in the center of the country in Zacatecas. The mine has estimated reserves of 1 million oz of gold and 32.4 million oz of silver. Noche Buena translates into English literally as "Good Night", but is typically the term used for the Christmas Eve holiday in Latin American cultures.
The Camino Rojo mine is one of the largest silver mines in Mexico and in the world. The mine is located in the center of the country in Zacatecas. The mine has estimated reserves of 1.63 million oz of gold and 32.07 million oz of silver.
The Escobal mine is a large silver mine located east of San Rafael Las Flores in the south of Guatemala in Santa Rosa Department. Escobal represents one of the largest silver reserve in Guatemala and in the world having estimated reserves of 367.5 million oz of silver. Exploration was by Goldcorp beginning in 2007. The mine was sold to Tahoe Resources in 2011. In April 2013 the mine was granted a 25 year license. The local Xinca people have led protests opposing the Escobal mine, but these protests have been suppressed by the Guatemalan government.
Ian Telfer is a British-born Canadian mining executive, entrepreneur and former Chairman of Goldcorp Inc. Besides leading Goldcorp, he is known for founding and leading other Canadian mining companies, including TVX Gold, Silver Wheaton Corp., and Uranium One, as well as for his philanthropic efforts that include a donation of $25 million to the University of Ottawa's School of Management, now the Telfer School of Management.
Mazapil is a municipality in the Mexican state of Zacatecas and the state's largest municipality by area. The Peñasquito mine, Mexico's largest gold mine, is located in this sparsely populated municipality.
Guyana Goldfields was a Canadian company that owned and operated the Aurora gold mine in Guyana. Before being acquired by Zijin Mining in 2020, Guyana Goldfields was a publicly-traded company with shares listed on the Toronto Stock Exchange and previously TSX Venture Exchange. Beginning in 1996 the company acquired exploration rights to the former Peters and Aurora mines with the objective of utilizing modern exploration technology to re-evaluate the potential gold reserves. Following positive exploratory results, the company received financing from the International Finance Corporation and other investors and conducted economic and technical feasibility studies. The Aurora gold mine began commercial production in 2015 and has produced approximately 125,000 to 160,000 ounces of gold per year from the mine since then. These lower than expected results and a revised technical study that significantly lowered the recoverable reserves estimates, led to the removal of the CEO and directors involved in making the investment decision and a class action lawsuit alleging misrepresentations in public disclosures.
XHRLF-FM is a radio station on 96.7 FM, known as "Radio La Filosita", serving Carrizalillo in the Mexican state of Guerrero. Its operation is part of the Los Filos mine.
References
- 1 2 3 "Los Filos - Overview & Operating Highlights". goldcorp.com. 2013. Retrieved 2013-06-18.
- ↑ Taylor, Susan (12 January 2017). "Goldcorp sells Mexico mine in $438 million deal, focus on core assets". Reuters. Retrieved 13 August 2018.