Plutonic Gold Mine
Location | |
---|---|
Location | Peak Hill |
State | Western Australia |
Country | Australia |
Coordinates | 25°18′58″S 119°26′39″E / 25.31611°S 119.44417°E |
Production | |
Products | Gold |
Production | 62,336 troy ounces[1] |
Financial year | 2022 |
History | |
Opened | 1990 |
Active | 1990–present |
Owner | |
Company | Catalyst Metals Limited |
Website | catalystmetals |
Year of acquisition | 2023 |
The Plutonic Gold Mine is a gold mine located 82 km east-northeast of Peak Hill, Western Australia.
It is owned and operated by Catalyst Metals Limited after a merger with the previous owner, Canadian miner Superior Gold, in June 2023. It is located in the Plutonic Well Greenstone Belt. 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
[edit]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 from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.[8][9][10]
In June 2023, Australian gold producer Catalyst Metals Limited merged with Superior Gold and thereby acquired the project.>[11]
Production
[edit]Annual production figures for the Plutonic mine:
Year | Gold production |
Grade | Cost per ounce |
---|---|---|---|
1990[12] | 125,036 oz | 7.53 g/t | |
1991[12] | 187,648 oz | 3.54 g/t | |
1992[12] | 166,576 oz | 3.09 g/t | |
1993[12] | 179,003 oz | 3.16 g/t | |
1994[12] | 173,252 oz | 2.94 g/t | |
1995[12] | 165,936 oz | 2.77 g/t | |
1996[12][13] | 183,691 oz | 3.26 g/t | A$373 |
1997[12][13] | 274,608 oz | 3.19 g/t | A$337 |
1998[12] | 260,119 oz | 3.80 g/t | |
1999[12] | 236,438 oz | 4.97 g/t | |
2000[14][12] | 253,819 oz | 2.83 g/t | A$197 |
2001[14][12] | 289,184 oz | 2.84 g/t | A$313 |
2002[15][12] | 307,377 oz | 2.74 g/t | US$184 |
2003[16][12] | 333,935 oz | 4.22 g/t | US$193 |
2004[16][12] | 304,405 oz | 4.28 g/t | US$223 |
2005[17] | 250,795 oz | 4.73 g/t | US$302 |
2006[18] | 249,528 oz | 5.83 g/t | US$363 |
2007[19] | 206,556 oz | 4.65 g/t | US$541 |
2008[19] | 136,983 oz | 4.39 g/t | US$873 |
2009[12] | 145,772 oz | 4.83 g/t | US$652 |
2010[12] | 132,793 oz | 4.65 g/t | |
2011[12] | 113,819 oz | 4.59 g/t | |
2012[12] | 112,484 oz | 4.68 g/t | |
2013[12] | 113,950 oz | 2.92 g/t | |
2014[12] | 89,494 oz | 3.60 g/t | |
2015[12] | 71,676 oz | 3.60 g/t | |
2016[12] | 73,117 oz | 2.13 g/t | |
2017[20] | 80,143 oz | 2.5 g/t | US$1,019 (AISC) |
2018[21] | 90,101 oz | 2.0 g/t | US$1,266 (AISC) |
2019[22] | 83,035 oz | 1.8 g/t | US$1,387 (AISC) |
2020[23] | 63,065 oz | 1.6 g/t | US$1,564 (AISC) |
2021[24] | 77,321 oz | US$1,472 (AISC) | |
2022[1] | 62,336 oz | 1.46 g/t |
AISC = All-in sustaining cost
References
[edit]- ^ a b "Superior Gold Announces Strong Fourth Quarter and Full-Year 2021 Financial Results" (PDF). Toronto, ON: Superior Gold Inc. 25 January 2023. p. 3. Retrieved 4 March 2023.
- ^ "Plutonic Gold mine". Superior Gold Inc. Toronto, ON. Retrieved 6 January 2020.
- ^ 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 Archived 12 December 2009 at the Wayback Machine accessed: 1 January 2009
- ^ Homestake Mining Company - History accessed: 1 January 2009
- ^ MINEDEX website Archived 11 September 2008 at the Wayback Machine Plutonic search result, accessed: 5 January 2010
- ^ Australia Pacific Archived 4 January 2010 at the Wayback Machine Barrick website, accessed: 4 January 2010
- ^ Northern Star looking for acquisition opportunities accessed: 8 April 2014
- ^ Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
- ^ "Annual Financial Report - 30 June 2023" (PDF). www.investi.com.au. Perth, WA: Catalyst Metals Limited. 29 September 2023. Retrieved 26 February 2024.
- ^ a b c d e f g h i j k l m n o p q r s t u v w "Prospect - Initial Public Offering". SEDAR. Toronto, ON: Superior Gold Inc. 15 February 2017. p. 35. Retrieved 18 June 2021.
- ^ a b "Activities report for the Quarter ended 31 December 1997". ASX. Perth, WA: Plutonic Resources Limited. 28 January 1998. Retrieved 18 June 2021.
- ^ a b The Australian Mines Handbook: 2003-2004 Edition, page 121
- ^ 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine accessed: 1 January 2010
- ^ a b 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine accessed: 1 January 2010
- ^ Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
- ^ Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
- ^ a b Fourth Quarter & Year-End Mine Statistics 2008[permanent dead link] accessed: 1 January 2010
- ^ "Superior Gold Inc. announces fourth quarter and full year 2017 financial and operating results" (PDF). Toronto, ON: Superior Gold Inc. 14 March 2018. Retrieved 18 June 2021.
- ^ "Superior Gold Inc. announces fourth quarter and full year 2018 financial and operating results" (PDF). Toronto, ON: Superior Gold Inc. 13 March 2019. Retrieved 18 June 2021.
- ^ "Superior Gold Inc. announces fourth quarter and full year 2019 financial and operating results" (PDF). Toronto, ON: Superior Gold Inc. 13 March 2020. Retrieved 18 June 2021.
- ^ "Superior Gold announces fourth quarter and full year 2020 financial results" (PDF). Toronto, ON: Superior Gold Inc. 9 March 2021. p. 3. Retrieved 18 June 2021.
- ^ "Superior Gold Announces Strong Fourth Quarter and Full-Year 2021 Financial Results" (PDF). Toronto, ON: Superior Gold Inc. 8 March 2022. p. 4. Retrieved 18 April 2022.
Bibliography
[edit]- Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.
External links
[edit]- Official website
- MINEDEX website: Plutonic Gold Database of the Department of Mines, Industry Regulation and Safety
- Video of a fly by of the Plutonic Gold mine