Newmont mining earnings report
Fifty years ago on May 4, , Newmont poured our first gold bar from the Carlin Mine in Nevada, marking the beginning of what has become one of the largest and most productive gold mining districts in the world. Newmont Carlin Trend operations have since generated millions of ounces of gold, created thousands of jobs and helped the. The Newmont Carlin Mill is near Carlin, Nevada. Historically the site has been part of the Maggie Creek Mining District. The site was first discovered in The Newmont Carlin Mill is a processing plant. Initial production took place in The Great Basin of the Intermontane Plateaus characterize the geomorphology of the surrounding area. Newmont Gold Mine in Carlin, Nevada. Amateur video of Newmont mine in Nevada. Newmont has been pouring gold in Nevada for nearly 50 years along a mile stretch of highway in the north section of the state. Our Nevada properties operate as an integrated unit, and together, they boast the widest variety of processing methods of any gold mining. Newmont offers university students and recent graduates opportunities to gain real-world experience with a global leader in responsible mining. Learn More. Stay Informed about Newmont. Receive updates directly to your inbox on financial news, press releases, upcoming events and presentations, performance reports, blog posts and more.
Newmont has been pouring gold in Nevada for nearly 50 years along a km section of highway in the northern part of the state. The company owns or controls some 1. These summary results had only just been released at the time of press. These are shipped for further refinement. Rather than operating as standalone mines, the Nevada properties — which include both surface and underground assets — operate as an integrated unit, and together, they boast the widest variety of processing methods of any gold mining complex in the world — from flotation to roasting and pressure oxidation to heap leaching.
In general, the oxide ore is processed by Carlin Mill 5, the Midas mill and the Twin Creeks mill. Refractory ore passes through the Carlin Mill 6 roasting circuit and the Twin Creeks autoclave, as well as the Carlin bio-leaching operation. Then there are further separate heap leaching operations. Mining started with open pit operations only in , some of which have been extended underground since the early s. Operations now include 14 open pits, four underground mines and 14 processing facilities in all.
The main underground operations are Leeville and Chukar at Carlin, with Deep Post recently closing.
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Tools Contact Us. Carlin, NV Copper Mines. Mine Owner Land Status Work Type Minerals Aladdin Group Underground Copper Aladdin Mine Sweepstakes Mining Inc. Private Copper Angelo Belli BLM Administrative Area Copper Bad Apple Claims Jon Scott Copper Bald Mountain Chief Private Copper Bald Mtn. Chief Mine Private Copper Bear Mine BLM Administrative Area Copper Bear Mine BLM Administrative Area Copper Bell Mine BLM Administrative Area Copper Belle Isle Underground Copper Big Six Mine BLM Administrative Area Copper Blue Belle Mine Copper Blue Star Mine Newmont Gold Co.
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Carlin-type Hydrothermal Stratabound SMS. The mineral deposits along the Carlin Trend form a suite of deposits known as Carlin-type. Carlin deposits comprise stratabound disseminated gold mineralization hosted by Silurian-Devonian carbonate rocks that have been metamorphosed to varying extents. The deposits are hydrothermal in origin and are usually structurally controlled. The Devonian Popovich Formation consists of sub-units Upper Mud DpUM , Soft Sediment Deformation DpSSD , Planar DpPL , and Wispy DpWS.
A series of igneous dikes intrude the sediments and have been identified as lamprophyres, biotite-feldspar porphyries, and granodiorite. These units are uncomformably overlain by the upper plate Ordovician Vinini Formation. Mineralization, primarily hosted in the Devonian Popovich Formation Dp , is bound on the west by the Castle Reef Fault CRF and restricted to the east by the Eastern Dike Swarm EDS. This structurally controlled system follows near vertical structural fabrics and crosses stratigraphic boundaries.
The highest gold values are located adjacent to, or within, the steeply dipping Big Green Dike BGD , Castle Reef Intrusive CRI , and Eastern Dike Swarm EDS.
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The job was originally a three-month development with a small amount of long-hole open stoping. We finished our first tour at this great mine eight years later when Newmont crews that were displaced from Deep Post at the end of took over. During our first tour, we mined 2,, tons of ore and 52, feet of drift. We also placed 1,, tons of backfill. After being away for almost two years, we were asked to come back to establish a new portal and access into Chukar to allow mining to resume.
Pit sequencing had interrupted production from the mine. We established a new portal from new location in the pit and connected to existing workings behind the pit highwall. We established completely new surface infrastructure that has remained unaffected by pit mining. Chukar is a safe, high productivity mine with ore production averaging 1, tons per day. The main mining method is transverse long-hole open stoping with a lot of remote mucking.
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In , Newmont Mining TSX: NGT made a massive gold discovery near the town of Carlin, Nevada, forever changing the fortunes of the State of Nevada. The discovery was made in a new kind of structure that geologists had little knowledge of. This enabled extraction from open pits, with the ore treated through heap-leaching, cyanidation and other traditional means of milling ore.
Some of the larger mines have also extended their operations underground. While waiting for favourable weather to cross the Sierra Nevada mountains, the group prospected the area and made a number of small scale discoveries, which kept them in the area for the next few years. In , the Comstock Lode became one of the most significant silver discoveries in US history. It also effectively ended the California Gold Rush, as prospectors turned their attention to Nevada in search of the next motherlode discovery.
The area around Virginia City became a mining camp, and between and , the Comstock produced over million dollars in gold and silver — and it is estimated that Comstock produced 8. The discovery of the Goldfield Mining District in and the Combination Lode in ushered in another rush, aided by the arrival of the railroad in The Newmont discovery at Carlin and the newfound awareness of Carlin-type deposits led to several other major discoveries in north-central Nevada.
Ironically, prospectors for many decades had ignored the small specks of gold found in the area, not understanding that they were finding Carlin-type gold. While the gold grades were fairly low, the deposits were massive and relatively inexpensive to mine in open pits.
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/03/26 · On July 1, , Barrick’s Goldstrike and Newmont’s Carlin operation were contributed to the Nevada Gold Mines joint venture and are now collectively referred to as Carlin. Barrick is the operator of the Nevada Gold Mines LLC joint venture and owns %, with Newmont owning the remaining % of the joint venture. Deposit psk-castrop.deities: Gold. Owned and operated by the Newmont Gold Co. (Newmont Mining Corp.) P.O. Box , Carlin, Nevada (). MRDS database stated accuracy for this location is 10 meters. HISTORY: The first claims were staked in by A. Berning, who leased the property to Cuba Consolidated Mines Company. In , Cuba Consolidated shipped 60 tons of ore.
USBM, , Mineral Industry Surveys: USBM Mercury Quarterly. Noble, L. Roberts, R. Radtke A. US Bureau of Mines Winnemucca MILS No. Radtke, A. Bakken, B. Dissertation, Stanford University. Newmont Gold Company, Annual Report for Ryneer, R. Lewis, P. Kuehn, C.