Mine Geology Strengths At Newmont Mining Corporations Nevada Gold Operations

Newmont mine geologists have added substantial economic value developing over 1,150 tonnes into quality surface and underground gold reserves since 1986. However, the recent 5-year gold price slump from $387 to $262 per ounce has shifted mine geologists focus to optimizing open pit profitability and developing high-grade, high cash flow and low capital development underground reserves. More than $65 million projected revenue has been added to the Gold Quarry south layback following multi-departmental model reconciliation investigations. Kriged mine polygon construction, controlled blast heave and high-quality geologic advice in selective mining will have multi-million dollar beneficial impacts.