Location | |
---|---|
Location | Cortez |
State | Nevada |
Country | United States |
Coordinates | 40°8′27″N116°31′55″W / 40.14083°N 116.53194°W Coordinates: 40°8′27″N116°31′55″W / 40.14083°N 116.53194°W |
History | |
Discovered | 2011 |
Owner | |
Company | Barrick Gold (61.5%) Newmont Mining Corp. (38.5%) |
The Red Hill mining project is a gold deposit in Eureka County, in central Nevada, adjacent to the Goldrush and Four Mile deposits. Owned by Barrick Gold (61.5%) and Newmont (38.5%), the deposits are being developed as an underground mining project accessed by decline. Barrick is the project operator. [1] [2]
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 December 31, 2019, the company had 71 million ounces of proven and probable gold reserves.
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 seven 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, Ghana, Mauritania, Russia and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
The Getchell Mine is an underground gold mine in the Potosi Mining District of Humboldt County, Nevada, on the east flank of the Osgood Mountains, 35 miles northeast of Winnemucca. Prospectors Edward Knight and Emmet Chase discovered gold in 1933 and located the first claims in 1934. With the financial backing of Noble Getchell and George Wingfield, the Getchell Mine, Inc. was organized in 1936 and the mine was brought into production in 1938.
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.
Cortez Gold Mine is a large gold mining and processing facility in Lander and Eureka County, Nevada, United States, located approximately 75 miles (120 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 Granny Smith Gold Mine is a gold mine 21 kilometres (13 mi) south of Laverton, Western Australia near Mount Weld.
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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 Sekenke Gold Mine was an underground gold mine in the Singida Region of Tanzania.
Tulawaka Gold Mine was a combined underground and open pit gold mine located in the Biharamulo district, in the Kagera Region of Tanzania. It is operated by African Barrick Gold, who owned 70% of the mine. The remaining 30% was owned by MDM Mines.
Buzwagi Gold Mine is an open pit gold mine in the Shinyanga Region of Tanzania, located 6 kilometres southeast from the town of Kahama. It is operated by Acacia Mining.
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The El Indio Gold Belt is a mineral-rich region spanning the border between Chile and Argentina that contains large quantities of gold, silver and copper. On both sides of the border the belt is located within the Andes. The El Indio mine within the district was the first modern mine in Chile to produce gold as its main product. In Chile the main precious metal containing mineral is enargite. The El Indio belt is bordered in the north by another gold-silver mining district known as the Frontera District. Rodalquilarite, alunite and poughite are some of the minerals present in the area. The deposits of the belt formed during the Late Miocene period.
The Reko Diq mine is located near Reko Diq town in Chagai District, Baluchistan, Pakistan. It is one of the largest copper and gold mines in the world located in the south west part of Pakistan in Balochistan province. Reko Diq represents one of the largest copper and gold reserves in the world having estimated reserves of 5.9 billion tonnes of ore grading 0.41% copper and gold reserves amounting to 41.5 million oz.
Pascua-Lama is an open pit mining project of gold, silver, copper and other minerals. Pascua Lama is located in the Andes mountains, in the southern reaches of Atacama Desert, straddling the border between Chile and Argentina at an altitude of over 4,500 metres. Toronto-based Barrick Gold, the world's largest gold mining company, is developing the project. Due to its proximity to glaciers, Pascua-Lama has caused controversy and public protest in Chile, including demonstrations and petitions presented to the Chilean government. Chile has not approved the project.
The Round Mountain Gold Mine is an open pit gold mine in Round Mountain, Nevada. The mine is operated and owned by Kinross Gold.
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