Red Lake Mine
High grade gold ore from Red Lake Mine | |
| Location | |
|---|---|
Red Lake mine Red Lake mine | |
| Location | Red Lake |
| Province | Ontario |
| Country | Canada |
| Coordinates | 51°3′40.16″N 93°44′35.34″W / 51.0611556°N 93.7431500°W |
| Production | |
| Products | Gold |
| History | |
| Opened | 1949 |
| Owner | |
| Company | Evolution Mining |
| Website | Red Lake |
| Year of acquisition | 2020 |
The Red Lake mine is a Canadian gold mine located in northwestern Ontario at Red Lake.[1] It was one of the largest gold mines in Canada and in the world.[1] The mine had estimated reserves of 3.23 million oz of gold in 2013.[1] Note that the Campbell and Red Lake mines are (or were) mining the same orebody, commonly referred to as the Campbell-Red Lake deposit.[2]
The Red Lake Mining District has produced over 26 million ounces of gold through 2020, worth over $US 46 billion at 2020 prices. The two principal mines, Campbell and Red Lake, both have historic ore grades averaging about 0.57 oz/ton Au (22 g/tonne).[3] One famous sample, the "Campbell Mine Whopper", contained 431 ounces of gold in a football-sized rock.[2]
The rocks and mineralization features in this district are complex. The host rock here is a metamorphosed tholeiitic basalt dating to ~2.85 billion years (early Neoarchean). This basalt has been subjected to biotite-carbonate alteration and auriferous silicification. Gold mineralization has been dated to 2.712-2.723 billion years (during collision-related emplacement of several nearby igneous intrusions - Uchian Phase of the Kenoran Orogeny), and at 2.63-2.66 or 2.699 billion years (during a regional thermal event or another igneous intrusive event).[4]
On November 25, 2019, Newmont Goldcorp announced an agreement to sell the Red Lake complex to Evolution Mining.[5] Newmont announced the completion of the acquisition on March 31, 2020.[6] As of early 2021, Evolution has announced resources of 2.9 Million oz Au at 6.9 gms Au/tonne, with a further 5.7 Million oz at 7.7 g/t indicated and 5.3 Million oz at 6.49 g/t inferred. Other projects in the district also are reporting promising results.[2]
See also
References
- ^ a b c "Red Lake - Overview & Operating Highlights". goldcorp.com. 2013. Retrieved 2013-06-18.
- ^ a b c Red Lake gold district at Geology for Investors, May 30, 2022
- ^ Red Lake Gold District
- ^ Red Lake gold mine
- ^ "Australian company to acquire Red Lake, Ont., gold mines". CBC News. 2019-11-27.
- ^ "Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million". Newmont. Retrieved 29 January 2025.