Carlin Open Pit Project |
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Carlin Open Pit |
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Country |
USA
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Province |
Nevada |
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Status |
PRODUCTION
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Legends
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Risk and valuation analysis of the Carlin Open Pit Project |
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Location of the Carlin Open Pit Project |
Newmont owns or controls approximately 3,056 square miles (7,915 square kilometers) of land in Nevada, stretching across the state along the Interstate 80 corridor. All of the mines are located within a 100-mile (161 kilometer) stretch of north central Nevada between Carlin on the east and Winnemucca on the west, and within 50 miles (80 kilometers) north and 20 miles (32 kilometers) south of I-80.
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History of the Carlin Open Pit Project |
The mine traces its origins to 1961, when geologists began probing the high desert area around the Tuscarora Mountains in search of finely disseminated gold. By the summer of 1963, drilling had identified a 3-million-ounce deposit, sufficient to justify a mine even at the then prevailing gold price of $35 an ounce. Newmont’s first open pit mine and oxide mill began production in 1965.
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Data last updated on : 12/31/2005
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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