Gold mine in Western Australia
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.[ 2]
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,[ 3] [ 4] [ 5] Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion,[ 6] [ 7]
The mine was acquired by Superior Gold from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.[ 8] [ 9] [ 10]
In June 2023, Australian gold producer Catalyst Metals Limited merged with Superior Gold and thereby acquired the project.>[ 11]
Production
Annual production figures for the Plutonic mine:
Year
Gold
Grade
Cost per ounce
1990[ 12]
125,036 oz
7.53 g/t
1991[ 12]
187,648 oz
3.54 g/t
1992[ 12]
166,576 oz
3.09 g/t
1993[ 12]
179,003 oz
3.16 g/t
1994[ 12]
173,252 oz
2.94 g/t
1995[ 12]
165,936 oz
2.77 g/t
1996[ 12] [ 13]
183,691 oz
3.26 g/t
A$373
1997[ 12] [ 13]
274,608 oz
3.19 g/t
A$337
1998[ 12]
260,119 oz
3.80 g/t
1999[ 12]
236,438 oz
4.97 g/t
2000[ 14] [ 12]
253,819 oz
2.83 g/t
A$197
2001[ 14] [ 12]
289,184 oz
2.84 g/t
A$313
2002[ 15] [ 12]
307,377 oz
2.74 g/t
US$ 184
2003[ 16] [ 12]
333,935 oz
4.22 g/t
US$193
2004[ 16] [ 12]
304,405 oz
4.28 g/t
US$223
2005[ 17]
250,795 oz
4.73 g/t
US$302
2006[ 18]
249,528 oz
5.83 g/t
US$363
2007[ 19]
206,556 oz
4.65 g/t
US$541
2008[ 19]
136,983 oz
4.39 g/t
US$873
2009[ 12]
145,772 oz
4.83 g/t
US$652
2010[ 12]
132,793 oz
4.65 g/t
2011[ 12]
113,819 oz
4.59 g/t
2012[ 12]
112,484 oz
4.68 g/t
2013[ 12]
113,950 oz
2.92 g/t
2014[ 12]
89,494 oz
3.60 g/t
2015[ 12]
71,676 oz
3.60 g/t
2016[ 12]
73,117 oz
2.13 g/t
2017[ 20]
80,143 oz
2.5 g/t
US$1,019 (AISC)
2018[ 21]
90,101 oz
2.0 g/t
US$1,266 (AISC)
2019[ 22]
83,035 oz
1.8 g/t
US$1,387 (AISC)
2020[ 23]
63,065 oz
1.6 g/t
US$1,564 (AISC)
2021[ 24]
77,321 oz
US$1,472 (AISC)
2022[ 1]
62,336 oz
1.46 g/t
AISC = All-in sustaining cost
References
^ a b "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 .^ "Plutonic Gold mine" . Superior Gold Inc . Toronto, ON. Retrieved 6 January 2020 .^ Chairman Argus has a little bet each way The Age ^ PLUTONIC RESOURCES LIMITED (PLU) delisted.com.au, accessed: 1 January 2010^ Atlantic Gold NL website Archived 12 December 2009 at the Wayback Machine accessed: 1 January 2009^ Homestake Mining Company - History accessed: 1 January 2009^ MINEDEX website Archived 11 September 2008 at the Wayback Machine Plutonic search result, accessed: 5 January 2010^ Australia Pacific Archived 4 January 2010 at the Wayback Machine Barrick website, accessed: 4 January 2010^ Northern Star looking for acquisition opportunities accessed: 8 April 2014^ Barrick Gold website Barrick Announces Agreement to Divest Plutonic Mine in Australia, accessed 5 January 2014^ "Annual Financial Report - 30 June 2023" (PDF) . www.investi.com.au . Perth, WA: Catalyst Metals Limited. 29 September 2023. Retrieved 26 February 2024 .^ a b c d e f g h i j k l m n o p q r s t u v w "Prospect - Initial Public Offering" . SEDAR . Toronto, ON: Superior Gold Inc. 15 February 2017. p. 35. Retrieved 18 June 2021 .^ a b "Activities report for the Quarter ended 31 December 1997" . ASX . Perth, WA: Plutonic Resources Limited. 28 January 1998. Retrieved 18 June 2021 .^ a b The Australian Mines Handbook: 2003-2004 Edition , page 121^ 2003 Fourth Quarter Report Archived 20 November 2010 at the Wayback Machine accessed: 1 January 2010^ a b 2004 Fourth Quarter Report Archived 28 October 2010 at the Wayback Machine accessed: 1 January 2010^ Fourth Quarter & Year-End Mine Statistics 2006 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010^ Fourth Quarter & Year-End Mine Statistics 2007 Archived 22 September 2010 at the Wayback Machine accessed: 1 January 2010^ a b Fourth Quarter & Year-End Mine Statistics 2008 [permanent dead link ] ^ "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 .^ "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 .^ "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 .^ "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 .^ "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.
External links
