Plutonic Gold Mine


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.

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 from Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.
In June 2023, Australian gold producer Catalyst Metals Limited merged with Superior Gold and thereby acquired the project.>

Production

Annual production figures for the Plutonic mine:
YearGold
production
GradeCost per ounce
1990125,036 oz7.53 g/t
1991187,648 oz3.54 g/t
1992166,576 oz3.09 g/t
1993179,003 oz3.16 g/t
1994173,252 oz2.94 g/t
1995165,936 oz2.77 g/t
1996183,691 oz3.26 g/tA$373
1997274,608 oz3.19 g/tA$337
1998260,119 oz3.80 g/t
1999236,438 oz4.97 g/t
2000253,819 oz2.83 g/tA$197
2001289,184 oz2.84 g/tA$313
2002307,377 oz2.74 g/tUS$184
2003333,935 oz4.22 g/tUS$193
2004304,405 oz4.28 g/tUS$223
2005250,795 oz4.73 g/tUS$302
2006249,528 oz5.83 g/tUS$363
2007206,556 oz4.65 g/tUS$541
2008136,983 oz4.39 g/tUS$873
2009145,772 oz4.83 g/tUS$652
2010132,793 oz4.65 g/t
2011113,819 oz4.59 g/t
2012112,484 oz4.68 g/t
2013113,950 oz2.92 g/t
201489,494 oz3.60 g/t
201571,676 oz3.60 g/t
201673,117 oz2.13 g/t
201780,143 oz2.5 g/tUS$1,019
201890,101 oz2.0 g/tUS$1,266
201983,035 oz1.8 g/tUS$1,387
202063,065 oz1.6 g/tUS$1,564
202177,321 ozUS$1,472
202262,336 oz1.46 g/t

AISC = All-in sustaining cost