Newmont's Merian Gold mine achieves one million oz milestone

By Dale Benton
A gold mine in South America has hit a major milestone, as it officially crosses over the over million ounces mark. Newmont Mining announced in a state...

A gold mine in South America has hit a major milestone, as it officially crosses over the over million ounces mark.

Newmont Mining announced in a statement this week that, through its Newmont Suriname subsidiary, one million ounces of gold have been poured at the Merian gold mine in east Suriname.

This is a hugely significant milestone as commercial production had only officially commenced back in October 2016. The Merian gold mine is owned by Newmont Suriname (75%) and Staatsolie Maatschappij Suriname N.V., Suriname’s State-owned oil company (25%).

“This exciting milestone was achieved thanks to the hard work, commitment and skill of our employees and business partners,” said Albert Ramdin, Newmont’s Senior Director for External Relations in Suriname. “Our partnerships with the government, Staatsolie and local Pamaka communities form the foundation of the mine’s success and we look forward to many more years of safe, efficient and responsible gold production in Suriname.”

Related stories:

Coalition for Energy Efficient Comminution partners with Newmont Corporation

Newmont Mining acquires 50% stake in Galore Creek partnership for $275 million

Newmont declares commercial production at Twin Creeks underground project

Newmont began operating the project in 2004 and began construction in August 2014. After a two-year construction phase, commercial production was achieved on October 1, 2016, on schedule and US$150mn under budget. Newmont’s total development capital investment was of US$525mn.

 

Share

Featured Articles

Laws Thwart US Bid to Match China on Lithium Mining

US bid to increase domestic production of lithium in order to reduce reliance on Chinese supplies of critical mineral frustrated by 'confusing' state laws

Bain: 'Inflation Dampening Mining Leaders' Net Zero Hopes'

Bain & Company’s annual Energy & Natural Resource Executive Survey shows 62% of energy execs say high costs mean net zero goals won't be met by 2060

Focus on: Lithium – ‘White Gold’ Driving the EV Revolution

Because of the move to electric vehicles, the metal lithium is rapidly becoming a vitally important part of world’s bid to move away from fossil fuels

Aluminium Industry Calls for new North America Body

Supply Chain & Operations

Data-Driven ABB Smart Hoisting Solution 'is Safety Boon'

Digital Mining

Deep Sea EV Metals Mining Firm in Greenpeace Clash

Sustainability