Newmont is developing the Long Canyon gold mine, a high-grade oxide deposit, in Nevada, US. The open-pit deposit is the only significant discovery made in Nevada in the last decade and is expected to create 300 to 400 construction jobs and approximately 260 operational jobs.

The environmental impact statement (EIS) for the project was released in early 2015 and the Bureau of Land Management (BLM) granted the Record of Decision in April 2015. Commercial production at the project is anticipated to begin in the first half of 2017.

The project is proposed to be developed in two stages, with the first phase including the development of an open pit mine and a heap leach operation. The first phase operation is expected to have a mine life of eight years and is forecasted to produce approximately 100,000 to 150,000 ounces of gold a year.

Overview

Yanacocha is South America’s largest gold mine, located in the province and department of Cajamarca, approximately 800 kilometers northeast of Lima, Peru. Yanacocha’s operations are situated between 3,500 and 4,100 meters above sea level with development activities in four primary basins. The operation is a joint venture between Newmont (51.35%), Minas Buenaventura (43.65%) and Sumitomo Corporation (5%).