Plutonic Gold Mine

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Plutonic
Location
Plutonic Gold Mine is located in Australia
Plutonic Gold Mine
Plutonic Gold Mine
Location in Australia
LocationPeak Hill
StateWestern Australia
CountryAustralia
Coordinates25°18′58″S 119°26′39″E / 25.31611°S 119.44417°E / -25.31611; 119.44417Coordinates: 25°18′58″S 119°26′39″E / 25.31611°S 119.44417°E / -25.31611; 119.44417
Production
Production144,000
Financial year2009
Owner
CompanyBillabong Gold Pty Ltd
Year of acquisition2016

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[edit]

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[edit]

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[edit]

References[edit]

  1. ^ Australia Pacific Barrick website, accessed: 4 January 2010
  2. ^ [1] accessed: 8 April 2014
  3. ^ a b Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
  4. ^ Chairman Argus has a little bet each way The Age, published: 8 February 2008, accessed: 11 February 2010
  5. ^ PLUTONIC RESOURCES LIMITED (PLU) delisted.com.au, accessed: 1 January 2010
  6. ^ Atlantic Gold NL website Archived 12 December 2009 at the Wayback Machine. accessed: 1 January 2009
  7. ^ Homestake Mining Company - History accessed: 1 January 2009
  8. ^ MINEDEX website Archived 11 September 2008 at the Wayback Machine. Plutonic search result, accessed: 5 January 2010
  9. ^ a b The Australian Mines Handbook: 2003-2004 Edition, page 121
  10. ^ 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine. accessed: 1 January 2010
  11. ^ a b 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine. accessed: 1 January 2010
  12. ^ Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine. accessed: 1 January 2010
  13. ^ Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine. accessed: 1 January 2010
  14. ^ a b Fourth Quarter & Year-End Mine Statistics 2008[permanent dead link] accessed: 1 January 2010

External links[edit]