Nevada Gold Mines wants to undertake another major gold mining project in Lander County that would last for 15 years. The United States Bureau of Land Management is currently seeking public feedback on the matter prior to public meetings about it on Apr. 1 and 2.
The proposed Robertson mine project, which would be run by the Barrick Gold Corporation (TSX: ABX) and Newmont Corporation (TSX: NGT) joint venture, would employ around 500 people if approved. It would require a land package spanning nearly 6,000 acres, the vast majority of which is on public property.
The Robertson mine would operate 24 hours a day 365 days a year. It is part of the company’s vast Cortez mine complex about 70 miles southwest of Elko. It would be comprised of three open pits, a heap leach facility, waste rock facility and an assortment other necessary infrastructure.
“A Notice of Availability for the draft Environmental Impact Statement will publish in tomorrow’s Federal Register and begin a 45-day public comment period,” the Bureau said Thursday. It aims to examine the potential environmental implications of the new mining initiative
Nevada Gold Mines reported in 2020 that it had completed nearly 3,000 metres of drilling at the site. The company produces over 3 million ounces of the yellow metal per year on average.
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Kinross enters partnership agreement with junior Riley at adjacent PWC project
In another Lander County mining development, the junior Riley Gold Corp. (TSX-V: RLYG) has entered an earn-in deal with the major Kinross Gold Corporation (TSX: K).
Kinross will be able to earn up to a 75 per cent interest in the Pipeline West/Clipper gold project through investing a minimum of US$20 million. The operation adjoins the Cortez mine complex, within the Battle Mountain Eureka gold trend.
Nevada produces about 75 per cent of all American gold. The Battle Mountain-Eureka-Cortez region is a major contributor to the state’s gold output. It is approximately 100 miles long, stretching through multiple counties.
It is also notable that Nevada Gold Mines got a permit to start production at its Goldrush mine in the Lander and Eureka counties at the end of last year. Production will ramp up steadily and it is expected to produce 400 kilo ounces per annum by 2028.
The mid-tier producer Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) will be starting production at its Gold Rock project on the Eureka trend this year and next too. Combined with production from the established Pan gold mine, the company expects to pull over 100 kilo ounces out of Nevada annually going forward.
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