Asset Report

Long Canyon gold mine project

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12 June 2017

Long Canyon gold mine project

Report summary

Newmont is developing the operation in two phases. Phase 1, the subject of this analysis entails the construction of a conventional open pit mine with a heap leaching facility. Initial mine life is estimated at 8 years with average annual gold production of 100-150koz. Phase 1 capex is estimated at US$250-300 million but was completed under budget at US$247 million. Commercial production was declared in November 2016. The second phase entails the processing of the higher grade ore either at a plant to be constructed on-site, or via transportation to Newmont`s Gold Quarry mill. 

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