White Foil Gold Mine Explained

White Foil
Pushpin Map:Western Australia
Pushpin Label:White Foil Gold Mine
Pushpin Map Caption:Location in Western Australia
Coordinates:-30.7736°N 121.2506°W
Place:Kalgoorlie
Subdivision Type:State
State/Province:Western Australia
Country:Australia
Acquisition Year:2015
Products:Gold
Financial Year:2022–23
Amount:135,592 ounces
Opening Year:2004
Module:
Stroke-Colour:
  1. C60C30
Stroke-Width:3
Marker:industrial
Marker-Colour:
  1. 1F2F57
Zoom:12

The White Foil Gold Mine is a gold mine 23 km south-west of Kalgoorlie, Western Australia, owned and operated by Australian company Evolution Mining Limited,[1] who purchased the mine in 2015.

History

The White Foil deposit was discovered in 1996.[2]

The mine, then own jointly by Mines and Resources Australia (51%) and AurionGold Limited (49%), started operations in February 2002. Ore was treated at the Paddington Gold Mine, which, at the time, was owned by AurionGold,[3] and the first gold pour took place in August 2002.

The mine was placed in care and maintenance in August 2003, after excessive flow of saline water into the open pit.[4]

AurionGold was taken over by Placer Dome Limited in January 2003.[5] [6] Placer Dome in turn was taken over by Barrick Gold in March 2006.[7]

In September 2006, La Mancha Resources announced the takeover of Mines and Resources Australia, a subsidiary of the French company Areva,[8] and thereby the White Foil mine.[9] The company dewatered the flooded pit in 2007 and 2008.

On 27 January 2010, La Mancha announced that ore from White Foil would be toll-treated at the new Three Mile Hill treatment plant at the Coolgardie Gold Mine, owned by Focus Minerals.[10] Mining at White Foil was to resume in March 2010. Open pit operations at the mine restarted in 2014.[11]

In April 2015, Evolution Mining completed the buy-out of La Mancha Resources Australian operations, valued at A$300 million, and thereby acquired the Frog's Leg and White Foil gold mines as well as the nearby processing plant at the Mungari.[12] Ownership of the mines was eventually transferred on 24 August 2015.

Mining at Frog's Leg is carried out in an underground operation while White Foil is an open pit operation, with the ore processed at the Mungari plant, which was constructed in 2013–14.[13]

Production

Production figures of the mine:

YearGold
production
GradeCost per ounce
2002–03120,000 ounces
2004–2007inactive
20081,910 ounces
2009inactive

Evolution Mining

Production figures under Evolution Mining ownership:[13] [14] [15] [16] [17]

Year ProductionGradeCost per ounce
2015–16137,193 ouncesA$1,024
2016–17143,820 ouncesA$1,143
2017–18118,498 ouncesA$1,181
2018–19120,535 ouncesA$1,320
2019–20133,388 ouncesA$1,215
2020–21115,829 ouncesA$1,453
2021–22138,035 ouncesA$1,931
2022–23135,592 ouncesA$2,083

Notes

References

Bibliography

External links

Notes and References

  1. Web site: Mungari . Evolution Mining. May 2016. pdf. 24 October 2016.
  2. http://www.lamancharesources.com/servlet/dispatcherservlet?selectedContentID=1114&lang=2&action=2 White Foil
  3. The Australian Mines Handbook: 2003-2004 Edition, page: 133
  4. http://www.lamancharesources.com/servlet/dispatcherservlet?selectedContentID=1240&lang=2&action=2 LA MANCHA'S 2010 GOLD PRODUCTION SET TO INCREASE BY UP TO 48%
  5. The Australian Mines Handbook: 2003-2004 Edition, page: 118
  6. http://www.delisted.com.au/Company/633 AURIONGOLD LIMITED (AOR)
  7. http://www.delisted.com.au/Company/6586 PLACER DOME INC (PDG)
  8. http://www.areva-nc.com/areva-nc/liblocal/docs/page_flash/ANC_historique_en.htm Historique AREVA NC
  9. http://www.lamancharesources.com/servlet/dispatcherservlet?selectedContentID=1084&lang=2&action=2 La Mancha Closes Transaction
  10. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01031612 La Mancha Toll Treatment Agreement
  11. Web site: Mungari Operation fact sheet 2017 . evolutionmining.com.au . . 17 April 2022.
  12. News: Beattie . Fraser . 20 April 2015 . Evolution in 300 million La Mancha buy . . 17 April 2022 .
  13. Web site: Mungari Operation fact sheet . evolutionmining.com.au . . 17 April 2022.
  14. Web site: Evolution Mining 2017 Annual Report. evolutionmining.com.au . . 17 April 2022.
  15. Web site: Evolution Mining 2016 Annual Report. evolutionmining.com.au . . 17 April 2022.
  16. Web site: Regis Resources Annual Report 2022 . 21 October 2022 . evolutionmining.com.au . Evolution Mining . 2 March 2023.
  17. Web site: Evolution Mining Annual Report 2023 . 18 October 2023 . evolutionmining.com.au . Evolution Mining . 26 February 2024.