Plutonic Gold Mine
| Location | |
|---|---|
  Plutonic Gold Mine Location in Australia | |
| Location | Peak Hill |
| State | Western Australia |
| Country | Australia |
| Coordinates | 25°31′S 119°45′E / 25.517°S 119.750°ECoordinates: 25°31′S 119°45′E / 25.517°S 119.750°E |
| Production | |
| Production | 144,000 |
| Financial year | 2009 |
| Owner | |
| Company | Billabong Gold Pty Ltd |
| Website | [] |
| Year of acquisition | 2016 |
The Plutonic Gold Mine is a gold mine located 82 km east north east of Peak Hill, Western Australia.
It is operated by Billabong Gold Pty Ltd and located at the Plutonic Well Greenstone Belt. The mine was acquired by Billabong Gold from the previous operator Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.[1][2][3]
History
In 1988, Great Central Mines discovered the deposit which was to become Plutonic, which the company sold for A$50 million.[4]
The site was then owned by Plutonic Resources, a major Australian gold mining and exploration company.[5][6] Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion,[7] and, in turn, Homestake was acquired by Barrick Gold at the end of 2001.[8]
Barrick Gold announced the divestment of Plutonic Gold Mine to Northern Star Resources Ltd on 22 December 2013, for A$25 million.[3]
Production
Production figures for the mine:
| Year | Gold production |
Grade | Cost per ounce |
| 2000 [9] | 253,623 ounces | 2.91 g/t | A$197 |
| 2001 [9] | 288,000 ounces | 3.35 g/t | A$313 |
| 2002 [10] | 307,377 ounces | 2.74 g/t | US$ 184 |
| 2003 [11] | 333,947 ounces | US$193 | |
| 2004 [11] | 304,468 ounces | US$223 | |
| 2005 [12] | 251,000 ounces | 0.140 oz/t | US$302 |
| 2006 [13] | 237,000 ounces | 0.141 oz/t | US$363 |
| 2007 [14] | 208,000 ounces | 0.113 oz/t | US$541 |
| 2008 [14] | 127,000 ounces | 0.115 oz/t | US$873 |
| 2009 | 144,000 ounces | US$652 |
Sources
- The Australian Mines Handbook: 2003-2004 Edition, Louthean Media Pty Ltd, Editor: Ross Louthean
- Western Australian Mineral and Petroleum Statistics Digest 2008 Page 34: Principal Mineral and Petroleum Producers - Gold
References
- ↑ Australia Pacific Barrick website, accessed: 4 January 2010
- ↑ accessed: 8 April 2014
- 1 2 Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
- ↑ Chairman Argus has a little bet each way The Age, published: 8 February 2008, accessed: 11 February 2010
- ↑ PLUTONIC RESOURCES LIMITED (PLU) delisted.com.au, accessed: 1 January 2010
- ↑ Atlantic Gold NL website accessed: 1 January 2009
- ↑ Homestake Mining Company - History accessed: 1 January 2009
- ↑ MINEDEX website Plutonic search result, accessed: 5 January 2010
- 1 2 The Australian Mines Handbook: 2003-2004 Edition, page 121
- ↑ 2003 Fourth Quarter Report accessed: 1 January 2010
- 1 2 2004 Fourth Quarter Report accessed: 1 January 2010
- ↑ Fourth Quarter & Year-End Mine Statistics 2006 accessed: 1 January 2010
- ↑ Fourth Quarter & Year-End Mine Statistics 2007 accessed: 1 January 2010
- 1 2 Fourth Quarter & Year-End Mine Statistics 2008 accessed: 1 January 2010