Plutonic Gold Mine

The Plutonic Gold Mine is a gold mine located 82 km east north east of Peak Hill, Western Australia.

Plutonic
Location
Plutonic Gold Mine
Location in Australia
LocationPeak Hill
StateWestern Australia
CountryAustralia
Coordinates25°18′58″S 119°26′39″E
Production
Production90,101 troy ounces[1]
Financial year2018
History
Opened1990
Active1990-present
Owner
CompanySuperior Gold Inc.
Year of acquisition2016

It is owned and operated by Canadian miner Superior Gold Inc. and located at the Plutonic Well Greenstone Belt. Approximately 5.5 million ounces of gold have been produced from both open pit and underground operations at Plutonic since it opened in 1990.[2]

History

In 1988, Great Central Mines discovered the deposit which was to become Plutonic, which it sold for A$50 million in 1989,[3] to Plutonic Resources, then a major Australian gold mining and exploration company, who commenced production in 1990.[4][5] Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion,[6] and, in turn, Homestake was acquired by Barrick Gold at the end of 2001.[7]

The mine was acquired by Superior Gold Inc. from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.[8][9][10]

Production

Production figures for the mine:

Year Gold
production		 Grade Cost per ounce
2000[11] 253,623 ounces 2.91 g/t A$197
2001[11] 288,000 ounces 3.35 g/t A$313
2002[12] 307,377 ounces 2.74 g/t US$ 184
2003[13] 333,947 ounces US$193
2004[13] 304,468 ounces US$223
2005[14] 251,000 ounces 0.140 oz/t US$302
2006[15] 237,000 ounces 0.141 oz/t US$363
2007[16] 208,000 ounces 0.113 oz/t US$541
2008[16] 127,000 ounces 0.115 oz/t US$873
2009 144,000 ounces US$652

Sources

References
  1. "Superior Gold Inc. Announces Fourth Quarter and Full Year 2018 Detailed Production Results" (pdf). Toronto, Ontario: Superior Gold Inc. 5 February 2019. Retrieved 6 January 2020.
  2. "Plutonic Gold mine". Superior Gold Inc. Toronto, ON. Retrieved 6 January 2020.
  3. Chairman Argus has a little bet each way The Age, published: 8 February 2008, accessed: 11 February 2010
  4. PLUTONIC RESOURCES LIMITED (PLU) delisted.com.au, accessed: 1 January 2010
  5. Atlantic Gold NL website Archived 12 December 2009 at the Wayback Machine accessed: 1 January 2009
  6. Homestake Mining Company - History accessed: 1 January 2009
  7. MINEDEX website Archived 11 September 2008 at the Wayback Machine Plutonic search result, accessed: 5 January 2010
  8. Australia Pacific Archived 4 January 2010 at the Wayback Machine Barrick website, accessed: 4 January 2010
  9. accessed: 8 April 2014
  10. Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
  11. The Australian Mines Handbook: 2003-2004 Edition, page 121
  12. 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine accessed: 1 January 2010
  13. 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine accessed: 1 January 2010
  14. Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  15. Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  16. Fourth Quarter & Year-End Mine Statistics 2008 accessed: 1 January 2010
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