Plutonic Gold Mine

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Plutonic Gold Mine
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
Production63,065 troy ounces[1]
Financial year2020
History
Opened1990
Active1990-present
Owner
Company
Year of acquisition2016

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

It is owned and operated by Canadian miner Superior Gold Inc. and 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[]

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]

Production[]

Annual production figures for the Plutonic mine:

Year Gold
production 		Grade Cost per ounce
1990[11] 125,036 oz 7.53 g/t
1991[11] 187,648 oz 3.54 g/t
1992[11] 166,576 oz 3.09 g/t
1993[11] 179,003 oz 3.16 g/t
1994[11] 173,252 oz 2.94 g/t
1995[11] 165,936 oz 2.77 g/t
1996[11][12] 183,691 oz 3.26 g/t A$373
1997[11][12] 274,608 oz 3.19 g/t A$337
1998[11] 260,119 oz 3.80 g/t
1999[11] 236,438 oz 4.97 g/t
2000[13][11] 253,819 oz 2.83 g/t A$197
2001[13][11] 289,184 oz 2.84 g/t A$313
2002[14][11] 307,377 oz 2.74 g/t US$184
2003[15][11] 333,935 oz 4.22 g/t US$193
2004[15][11] 304,405 oz 4.28 g/t US$223
2005[16] 250,795 oz 4.73 g/t US$302
2006[17] 249,528 oz 5.83 g/t US$363
2007[18] 206,556 oz 4.65 g/t US$541
2008[18] 136,983 oz 4.39 g/t US$873
2009[11] 145,772 oz 4.83 g/t US$652
2010[11] 132,793 oz 4.65 g/t
2011[11] 113,819 oz 4.59 g/t
2012[11] 112,484 oz 4.68 g/t
2013[11] 113,950 oz 2.92 g/t
2014[11] 89,494 oz 3.60 g/t
2015[11] 71,676 oz 3.60 g/t
2016[11] 73,117 oz 2.13 g/t
2017[19] 80,143 oz 2.5 g/t US$1,019 (AISC)
2018[20] 90,101 oz 2.0 g/t US$1,266 (AISC)
2019[21] 83,035 oz 1.8 g/t US$1,387 (AISC)
2020[1] 63,065 oz 1.6 g/t US$1,564 (AISC)

AISC = All-in sustaining cost

References[]

  1. ^ Jump up to: a b "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.
  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. ^ [1] accessed: 8 April 2014
  10. ^ Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
  11. ^ Jump up to: 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.
  12. ^ Jump up to: a b "Activities report for the Quarter ended 31 December 1997". ASX. Perth, WA: Plutonic Resources Limited. 28 January 1998. Retrieved 18 June 2021.
  13. ^ Jump up to: a b The Australian Mines Handbook: 2003-2004 Edition, page 121
  14. ^ 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine accessed: 1 January 2010
  15. ^ Jump up to: a b 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine accessed: 1 January 2010
  16. ^ Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  17. ^ Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  18. ^ Jump up to: a b Fourth Quarter & Year-End Mine Statistics 2008[permanent dead link] accessed: 1 January 2010
  19. ^ "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.
  20. ^ "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.
  21. ^ "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.

External links[]

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