Marigold mine explained

Marigold gold mine
Pushpin Map:Nevada
Pushpin Label:Marigold gold mine
Coordinates:40.7297°N -117.1758°W
Place:Valmy
State/Province:Humboldt County, Nevada
Country:United States
Owner:SSR Mining Inc.
Official Website:www.ssrmining.com/
Acquisition Year:2014
Products:Gold
Financial Year:2018
Amount:205,161 ounces[1]
Opening Year:1988

The Marigold gold mine is an open pit gold mine in Valmy, Nevada, 14miles west-northwest of Battle Mountain. The mine is owned and operated by SSR Mining Inc.

Gold mineralization at Marigold is finely disseminated within sedimentary and metasedimentary rocks, including limestone, siltstone, breccias, meta-basalts and quartzite. The mining operation comprises 11 open pits, eight waste rock stockpiles, three leach pads, two carbon-in-leach processing facilities and a carbon processing and refining facility.[2]

, the mine had Proven and Probable Reserves of 201.5 million tonnes at an average gold grade of 0.47 g/t, for 3.3 million ounces of gold. An anticipated mine-life, as of June 2018, of over ten years was estimated based on current Mineral Reserves.[1] [3] [4] [5]

The mine is located in northeastern Nevada, in eastern Humboldt County, 36 miles east of Winnemucca and four miles south of Valmy.[3] The mine started production in 1989.[6] The mine was owned 66.7% and 33.3% by Goldcorp Inc. and Barrick Gold respectively, until February 2014 when Barrick and Goldcorp sold the mine to Silver Standard Resources Inc. for $275 million.[4]

In October 2017, a collision in the open pit portion of the mine killed two workers and injured others. Operations at the mine were suspended pending an investigation from the Mine Safety and Health Administration.[7]

External links

Notes and References

  1. Web site: Management's Discussion and Analysis for the Year Ended December 31, 2018. Sedar. SSR Mining . 11 April 2019. pdf. 21 February 2019.
  2. Web site: Marigold - Mining & Processing . 27 Feb 2014 . Goldcorp Inc..
  3. Web site: Marigold - Overview & Operating Highlights . 2013. goldcorp.com. 18 June 2013.
  4. News: Henry . Lazenby . Goldcorp sells Marigold mine to Silver Standard Resources . 4 February 2014 . Creamer Media (Pty) Ltd . Mining Weekly . 27 February 2014.
  5. Web site: Carver . James Norman . Rathnam . Karthik . Rice . Thomas . Yeomans . Trevor J. . NI 43-101 Technical Report in the Marigold Mine Humboldt County, Nevada, USA . SSR Mining . 6 May 2019 . 31 July 2018.
  6. News: Marigold Mine Starts Production . Reno Gazette-Journal . 10 September 1989 . 16 January 2023.
  7. Web site: Two killed in collision at Marigold - Elko Daily Free Press . 1 November 2017.