Plutonic Gold Mine


The Plutonic Gold Mine is a gold mine located 82 km east north east of Peak Hill, Western Australia.
It is owned and operated by Canadian miner Superior Gold Inc. and located at the Plutonic Well Greenstone Belt. Approximately 5.5 million ounces of gold have been produced from both open pit and underground operations at Plutonic since it opened in 1990.

History

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 Inc. from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.

Production

Production figures for the mine:
YearGold
production		GradeCost per ounce
2000253,623 ounces2.91 g/tA$197
2001288,000 ounces3.35 g/tA$313
2002307,377 ounces2.74 g/tUS$ 184
2003333,947 ouncesUS$193
2004304,468 ouncesUS$223
2005251,000 ounces0.140 oz/tUS$302
2006237,000 ounces0.141 oz/tUS$363
2007208,000 ounces0.113 oz/tUS$541
2008127,000 ounces0.115 oz/tUS$873
2009144,000 ouncesUS$652