Serra Grande Gold Mine

Serra Grande
Location
Serra Grande Gold Mine is located in Brazil
Serra Grande Gold Mine
Serra Grande Gold Mine
Location in Brazil
LocationCrixás
StateGoiás
CountryBrazil
Coordinates14°14′15.72″S 49°22′28.7″W / 14.2377000°S 49.374639°W / -14.2377000; -49.374639
Production
Production154,000
Financial year2009
History
Opened1987
Owner
CompanyAngloGold Ashanti (50% - Operator)
Kinross Gold Corporation (50%)
WebsiteAngloGold Ashanti website
Kinross Gold website

The Serra Grande Gold Mine is a gold mine located in Crixás in the Brazilian state of Goiás. The mine is jointly owned by AngloGold Ashanti and Kinross Gold Corporation, who share equal partnership. AngloGold Ashanti operates the mine, but revenue from the operation is evenly distributed between the two companies.[1]

In 2008, the Brazilian operations, including the Serra Grande Gold Mine, contributed 8% to AngloGold Ashanti's overall gold production. This mine is one of two operations by AngloGold Ashanti in Brazil, with the other being the Brasil Mineração Gold Mine.[2]

History

Exploration work at the Serra Grande mine began in 1973, with detailed mapping and diamond drilling conducted until 1976. However, actual mining operations did not start until 1987.[3]

In January 2003, Kinross Gold acquired a fifty percent stake in the Serra Grande mine through a merger with TVX.[3]

Serra Grande currently comprises three underground mines: Mina III, Mina Nova, and Palmeiras, with Palmeiras being the most recent development. Additionally, there is an open pit located above Mina III.[1]

The mine recorded one fatality in 2008 but has been fatality free in 2009.[1]

Production

Recent production figures of the mine were:

Year Production (ounces) Grade Cost per ounce
2003 [4] 190,000 7.88 g/t US$ 109
2004 [4] 188,000 7.80 g/t US$ 134
2005 [4] 192,000 7.93 g/t US$ 158
2006 [5] 194,000 7.51 g/t US$ 198
2007 [1] 182,000 7.21 g/t US$ 263
2008 [1] 174,000 7.58 g/t US$ 294
2009 [1] 154,000 4.72 g/t US$ 406
2010

References

  1. ^ a b c d e f Annual Report 2009 Archived 2011-09-12 at the Wayback Machine AngloGold Ashanti website, accessed: 9 May 2010
  2. ^ AngloGold Ashanti: Country report Brazil Archived 2011-07-07 at the Wayback Machine AngloGold Ashanti website, accessed: 13 July 2010
  3. ^ a b Crixás, Brazil Archived 2010-09-01 at the Wayback Machine Kinross website, accessed: 13 July 2010
  4. ^ a b c Annual Report 2005 Archived 2011-07-19 at the Wayback Machine AngloGold Ashanti website, accessed: 11 July 2010
  5. ^ Annual Report 2006 Archived 2011-07-07 at the Wayback Machine AngloGold Ashanti website, accessed: 11 July 2010

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