Barrick may close Montana’s Golden Sunlight mine
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation