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Canada

Musselwhite Mine

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Musselwhite Mine

Location: 59 km SW from Kingfisher Lake, Ontario, Canada

Address:

Box 7500
Thunder Bay
Ontario, Canada
P7B 6S8

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Gold
Mining Method
  • Avoca
  • Longitudinal retreat
  • Transverse stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotIn 2022, Musselwhite mine is transitioned all line-of-sight load, haul and dump activities underground to fully remote operations with the introduction of automation technology.

Based on a comprehensive review of Newmont’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include Musselwhite, Éléonore, Cripple Creek & Victor, Akyem, Porcupine, Telfer, and a development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as Held for Sale in the first quarter of 2024. The sale is probable and will be completed within 12 months.

Owners

SourceSource
CompanyInterestOwnership
Newmont Corp. 100 % Indirect
Newmont Canada Ltd. (operator) 100 % Direct
Musselwhite is 100% owned by Newmont through its wholly-owned subsidiary, Goldcorp Canada Ltd.

Vancouver, BC – November 18, 2024 Orla Mining is pleased to announce it has entered into a definitive agreement to acquire the Musselwhite Gold Mine for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million

Contractors

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SourceSource

Deposit type

  • Iron formation hosted

Summary:

The mineralization at Musselwhite can be classified as an Iron Formation hosted gold deposit. Typically, gold in these deposits occurs in cross-cutting quartz veins and veinlets or as fine disseminations associated with pyrite, pyrrhotite, and arsenopyrite hosted in iron formations and adjacent rocks within volcanic or sedimentary sequences (McMillan 1996).

Mineralization is predominantly hosted within meta-chemical sediments (banded iron formations) and in particular within garnet-magnetite-grunerite facies meta-banded iron formations (locally termed the Northern Iron Formation). The location of mineralization is controlled by the intersection of shear zones and folded meta-banded iron formations. These geological controls result in mineralized shoots, which plunge at approximately 15 degrees to grid north, have a down dip extent of up to 150 metres, down plunge continuation in excess of 1.5 kilometres, and across-lithology width of up to 10 metres. Mineralized zones are characterized by abundant pyrrhotite, quartz flooding and, rarely, visible gold.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

Gold production at Musselwhite was limited to 3,000 gold ounces since the completion of the acquisition of the Musselwhite mine site as part of the Newmont Goldcorp transaction on April 18, 2019. There was no gold production in the second half of 2019 following a conveyor fire in March 2019.
CommodityUnits2024202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3 205 236 261 270 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Annual milling capacity  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe276 k tons
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,106 kt1,221 kt1,188 kt1,209,200 t
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,500 t4,500 t4,500 t
Daily mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,000 t
Daily ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,000 t
Daily milling rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,310 t

Production Costs

CommodityUnits20242023202220212020201920182017
Credits (by-product) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2,248 / oz **  
Total cash costs Gold USD 731 / oz **   620 / oz **  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 8,174 / oz **  
All-in sustaining costs (AISC) Gold USD 909 / oz **   774 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency2016
UG mining costs ($/t mined) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 60   84   58  
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 32   26  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 7   263   293  
Operating Income M USD 69   108  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -6  

Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 23, 2024
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....................... Subscription required ....................... Subscription required Subscription required Apr 23, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 23, 2024
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....................... Subscription required ....................... Subscription required Subscription required Apr 23, 2024

EmployeesTotal WorkforceYear
...... Subscription required 2021
...... Subscription required 2018
...... Subscription required 2017
...... Subscription required 2013

Aerial view:

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