Asset Report
Olinghouse (Closed) gold mine
Report summary
Mining began in July 1998. Production of gold from the initial shakedown run of the mill began in September 1998, and from the leach pad in December 1998. On 6th August 1999, mining was suspended due to liquidity problems. Four out of the six leases to be mined are subject to NSR royalties of 4-6%. Additionally, minimum lease payments of approximately $0.45M/a are payable. Capital cost was $25M.
Table of contents
- Mining
- Process
Tables and charts
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