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Plutonic Gold Mine

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Gold mine in Western Australia

Plutonic Gold Mine
Location
Plutonic Gold Mine is located in Western AustraliaPlutonic Gold MinePlutonic Gold MineLocation in Western Australia
LocationPeak Hill
StateWestern Australia
CountryAustralia
Coordinates25°18′58″S 119°26′39″E / 25.31611°S 119.44417°E / -25.31611; 119.44417
Production
ProductsGold
Production62,336 troy ounces
Financial year2022
History
Opened1990
Active1990–present
Owner
CompanyCatalyst Metals Limited
Websitecatalystmetals.com.au/plutonic-gold-mine/
Year of acquisition2023

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.

History

Gold mines in the Mid West region

In 1988, Great Central Mines discovered the deposit which was to become Plutonic, which it sold for A$50 million in 1989, to Plutonic Resources, then a major Australian gold mining and exploration company, who commenced production in 1990. Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion, and, in turn, Homestake was acquired by Barrick Gold at the end of 2001.

The mine was acquired by Superior Gold from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.

In June 2023, Australian gold producer Catalyst Metals Limited merged with Superior Gold and thereby acquired the project.>

Production

Annual production figures for the Plutonic mine:

Year Gold
production 		Grade Cost per ounce
1990 125,036 oz 7.53 g/t
1991 187,648 oz 3.54 g/t
1992 166,576 oz 3.09 g/t
1993 179,003 oz 3.16 g/t
1994 173,252 oz 2.94 g/t
1995 165,936 oz 2.77 g/t
1996 183,691 oz 3.26 g/t A$373
1997 274,608 oz 3.19 g/t A$337
1998 260,119 oz 3.80 g/t
1999 236,438 oz 4.97 g/t
2000 253,819 oz 2.83 g/t A$197
2001 289,184 oz 2.84 g/t A$313
2002 307,377 oz 2.74 g/t US$184
2003 333,935 oz 4.22 g/t US$193
2004 304,405 oz 4.28 g/t US$223
2005 250,795 oz 4.73 g/t US$302
2006 249,528 oz 5.83 g/t US$363
2007 206,556 oz 4.65 g/t US$541
2008 136,983 oz 4.39 g/t US$873
2009 145,772 oz 4.83 g/t US$652
2010 132,793 oz 4.65 g/t
2011 113,819 oz 4.59 g/t
2012 112,484 oz 4.68 g/t
2013 113,950 oz 2.92 g/t
2014 89,494 oz 3.60 g/t
2015 71,676 oz 3.60 g/t
2016 73,117 oz 2.13 g/t
2017 80,143 oz 2.5 g/t US$1,019 (AISC)
2018 90,101 oz 2.0 g/t US$1,266 (AISC)
2019 83,035 oz 1.8 g/t US$1,387 (AISC)
2020 63,065 oz 1.6 g/t US$1,564 (AISC)
2021 77,321 oz US$1,472 (AISC)
2022 62,336 oz 1.46 g/t

AISC = All-in sustaining cost

References

  1. ^ "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.
  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. Northern Star looking for acquisition opportunities accessed: 8 April 2014
  10. Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014
  11. "Annual Financial Report - 30 June 2023" (PDF). www.investi.com.au. Perth, WA: Catalyst Metals Limited. 29 September 2023. Retrieved 26 February 2024.
  12. ^ "Prospect - Initial Public Offering". SEDAR. Toronto, ON: Superior Gold Inc. 15 February 2017. p. 35. Retrieved 18 June 2021.
  13. ^ "Activities report for the Quarter ended 31 December 1997". ASX. Perth, WA: Plutonic Resources Limited. 28 January 1998. Retrieved 18 June 2021.
  14. ^ The Australian Mines Handbook: 2003-2004 Edition, page 121
  15. 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine accessed: 1 January 2010
  16. ^ 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine accessed: 1 January 2010
  17. Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  18. Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010
  19. ^ Fourth Quarter & Year-End Mine Statistics 2008 accessed: 1 January 2010
  20. "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.
  21. "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.
  22. "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.
  23. "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.
  24. "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

  • Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.

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