https://www.engineeringnews.co.za

Barrick may close Montana’s Golden Sunlight mine

22nd March 2019

By: Creamer Media Reporter

     

Font size: - +

The Golden Sunlight mine that Barrick Gold has been operating in Montana since 1975 may be heading for closure.

The NYSE- and TSX-listed miner has already ceased underground development and is limiting mining to existing areas only. A final new mill run to process gold ore is scheduled for May.

Barrick said on Thursday that it would continue underground and surface exploration drilling, with a focus on the southern extension of the Sunlight vein. The miner would also be evaluating the potential to reprocess historic tailings, while conducting hydrological and geochemical studies to support ongoing water treatment and reclamation work.

“In the coming months, Barrick will review the findings from these different work streams and determine the path forward for the operation, at which time a further update will be communicated,” the gold major stated.

The Golden Sunlight mine has been approaching the end of its operational life in recent years, with the remaining gold reserves nearly depleted. Its proven and probable gold reserves are estimated at 20 000 oz, its gold resources at 164 000 oz and its inferred gold resources at 84 000 oz.

The mine produced 32 000 oz in 2018 at an all-in sustaining cost of $1 954/oz.

 

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.061 1.346s - 140pq - 2rq
Subscribe Now