Salmita Mine Explained

Salmita Mine
Coordinates:	64.0792°N -111.2458°W
State/Province:	Northwest Territories
Country:	Canada
Owner:	Giant Yellowknife Mines Limited, a subsidiary of Falconbridge

The Salmita Mine was a gold producer in the Northwest Territories, Canada during 1983 to 1987. The deposit was first discovered in 1945 and underground exploration was carried out in 1951–1952. It was reactivated for exploration by Giant Yellowknife Mines Limited in 1975 and entered production in 1983. They used the old camp and milling plant of the abandoned Tundra Mine, located a few kilometres to the south. The mine produced 179906ozt of gold from the milling of 238,177 tons of ore.^{[1] [2] [3]} The area is now owned by Seabridge Gold.^[4]

Notes and References

1. News: Gold Mines Hang On Despite Shaky Price. 37. February 8, 1985 . The Windsor Star. en. The production costs of its Salmita mine, about 150 miles north of Yellowknife, fell to less than $200 an ounce late last year. .
2. News: Salmita Gold saves Giant's bacon. October 26, 1985. 98. The Financial Post. en. The Salmita mine, which started producing life in December, 1983, is at Matthews Lake, 150 miles northeast of Giant's operating base (since 1948) of Yellowknife, the territorial capital. Without the Salmita mine, providing the bulk of Giant's ....
3. Web site: Form 40-F SEABRIDGE GOLD INC For: Dec 31. 2021-08-11. StreetInsider.com.
4. Web site: Courageous Lake. Seabridge Gold. 2021-08-11 .