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By J. Réal Cloutier

[Options are a natural extension of the forward and futures markets as they offer fexible method of hedging exposure. -An organized options market is preferable to the "over the counter forward markets since EGCC (EOE, ME, VSE) assumes responsibility for contract fulfillment minimizing credit risks by guaranteeing transactions. -Options ante considerably more "fexible" than the futures and forward markets, permitting prompt, precise and respected adjustment of one's exposure risk position. -The risk to the buyer of the options market is limited to the initial premium paid.]

Jan 1, 1983

By Donald H. McLauqhlin

ITEM expressed in billions of dollars have become so commonplace these day- that a mere statement of the latest figures for the country s gold reserve scarcely conveys m adequate sense of the immensity of the commitment the nation has made in building up its huge stock, two-thirds of which is now stored at Fort Knox. Kentucky. Only by measuring it against quantities that mean something tangible to a particular group can an adequate comprehension of its magnitude he rained; consequently, to mining engineers, a comparison with the value of output from well-known mining districts might best serve to give some degree of reality to the astronomical figure at which the country gold is now valued.

Jan 1, 1941

By Donald Strickland, Peter Kresin, Dave Hall

"Have your parents or grandparents ever tried to share with you their wisdom and you ignored it because it did not relate to you‘? I have been ignorant and inevitably grew older and wished I had listened. The result: learning the hard way. As British Astronomer Fred Hoyle once said. “It is the true nature of mankind to learn from mistakes not from example.“ Hopefully we will continue to learn from the examples shared by our fellow mineral processors in these conference proceedings. It is the intent of this paper to share wisdom from the Musselwhite Mine that you may apply to your own operation.This paper is divided into three sections:1. Feasibility3. Operation3 . DesignKey points of the Feasibility and Design stages are summarized. followed by an analysis of actual operating statistics. An attempt is made to relate these statistics back to the feasibility and design with emphasis on areas of success and those with potential for improvement."

Jan 1, 1999

Macraes Mining Company Limited operates a 2.1 million tonnes per annum gold processing plant at Macraes Flat, Otago. This uses a conventional CIL route to treat oxide ore, and a flotation, grind, CIL route for sulfide ore. This paper describes the design and operation of this process plant.

Jan 1, 1992

By R. S. Shoemaker, F. W. McQuiston

CAMPBELL RED LAKE MINES Balmertown, Ontario 1974 Operating Data MINE LOCATION: Balmertown, in Red Lake mining area of Ontario TYPE OF MINE: Underground mine developed by vertical shaft to 4300 feet. Mining active above 3000 ft depth. ORE DESCRIPTION: Gold and minor silver.. Sulfur content about 1.3%. Ar senopyrite , pyrite, pyrrhotite, and stibnite. CAPACITY IN TONS124 HRS: 825 ASSAY: 0.66 oz Au per ton heads MILL PROCESS: Amalgamation, flotation, roasting of concentrate and separate treatment of calcines and flotation tails by cyanide. PLANT BUILDING: Mine mill and service facilities all housed in insulated and heated buildings POWER: Total consumption, mine and mill - 100 Kwh/T WASTE DISPOSAL: Impoundment of tailings. Arsenic to sealed underground storage EMPLOYEES: Total of 300 men on payroll. Housing in Balmertown and nearby communities.

Jan 1, 1975

By Arthur Notman

TO present some idea of the magnitude of the gold-mining industry of Canada and the world, the records of 106 gold-mining companies currently paying dividends have been studied. Forty of these are in Canada, and 37 on the Rand in South Africa, these being all the straight gold-mining companies that paid dividends in the two areas in 1938. None of the base-metal companies that produce gold as a by- product, or even as a major fraction of the value of their total product, have beezl included. In addition, a group of 29 similar companies from Southern Rhodesia and the Gold Coast in Africa, India, Australia, Manchuria, Philippine Islands, the

Jan 1, 1939

By I M. Platten, Y Xie

Narrow vein gold mineralisation generally contains both fine (<100 ¦m) and coarse (>100 ¦m) gold particles. The in situ size and shape, deportment, distribution and abundance of the particles controls deposit sampling characteristics, grade distribution and metallurgical properties. Particles can range from individual disseminated grains, clusters of particles and masses above 1 cm in size. At each end of the coarse-gold to fine-gold spectrum, the samplability of a deposit ranges from relatively simple for fine-grained disseminated gold particles, through to extremely difficult for very coarse particles. Deposits generally show a background grade of mineralisation dominated by disseminated fine gold particles. Drilling will resolve the background grade well, though is likely to considerably understate the grade related to the coarser gold particles. Gold mineralogy has a significant impact on metallurgy, with key factors affecting recovery being particle size, deportment, liberation parameters and silver content of gold minerals. For coarse gold particles the focus should be on liberation and the early removal of the particles from the mill circuit by gravity concentrators and gold traps. Finer particles will require more grinding to liberate prior to flotation or cyanide extraction. The determination of gold particle sizing is thus required to minimise evaluation and geometallurgical uncertainty and lower project risk.

Jan 1, 2008

By A. Azizi, P. Blatter, A. Bouajila

ABSTRACT In-situ monitoring of gold dissolution by means of a rotating electrochemical quartzcrystal microbalance unveiled dramatic decreases in gold leaching from sulphide-rich ore after 360 minutes in an actual cyanidation circuit. Pre-oxidation was effective in enhancing gold extraction by preventing a passive film from forming on gold surfaces. This work aims to highlight efforts undertaken to determine (1) how gold cyanidation is limited by passivation, (2) what reactions and mechanisms are involved during sulphide-rich ore cyanidation, and (3) how peroxidation efficiency of an industrial sulphide ore is controlled by galvanic associations between its sulphide constituents.

Jan 1, 2013

By A. Azizi, P. Blatter, A. Bouajila

"Due to the high reactivity of sulfide minerals in alkaline cyanide solutions, some parasitic reactions inflict a heavy gold surface passivation and excess cyanide consumption resulting in a dramatic decrease of the gold leaching rate. Atmospheric pre-oxidation was shown to be an effective tool to enhance gold extraction by preventing a passive film from forming on the surface of gold grains. This work aims to highlight efforts undertaken to determine: (1) how gold cyanidation is limited by passivation; (2) what are the reactions and mechanisms involved during gold cyanidation; and (3) how a better understanding of fundamental issues can be used to design a proper pre-oxidation strategy. INTRODUCTION Precious metals (PM), gold in particular, naturally occur in contact within a wide range of sulfide mineral systems. Hence, one of today’s most challenging R&D tasks consists in accounting for the presence of sulfides on the cyanidation behavior of gold. An important body of knowledge reveals that metal sulfides display a range of reactivities in alkaline cyanide solutions (Marsden & House, 2006). Such reactivities are acknowledged to inflict additional utility costs and loss of profits because they are accompanied with higher consumption of cyanide and/or formation of undesirable by-products that are often detrimental to gold leaching rates. Gold recovery in cyanidation is hampered by a multitude of factors, among others: (1) consumption of excess cyanide as a result of the formation of thiocyanate and dissolution of transition (Cu, Fe, Zn, etc.) metals (Habashi, 1967); (2) gold surface passivation by solid reaction products, e.g., Fe(OH)3 (Guo, Deschenes, Pratt, Fulton & Lastra, 2005), sulfur (Dai & Jeffrey, 2006; Jeffrey & Breuer, 2000;) or oxo and thiooxo (SbO33- SbS33-) salts in alkaline solutions (Guo et al., 2005). Because of their energy structure, most of the sulfide minerals exhibit semiconductor properties (Marsden & House, 2006). Therefore, the contact between constitutive sulfide minerals inside complex sulfurous ores entrains electrochemical phenomena in which sulfide dissolution is a genuine corrosion process (Azizi, Petre, Olsen & Larachi, 2010). For instance, galvanic interactions could be initiated between the various constituents within the ore and could substantially increase or decrease the reactivity of some of the associated minerals."

Jan 1, 2012

By Christopher W. N. Anderson

Induced hyperaccumulation of gold by plants was first reported in 1998 by researchers from Massey University in New Zealand who proposed the idea of mining gold using plants (phytomining). Since that time research has been conducted to understand the conditions under which plants can be made to take up economic amounts of the metal. One key focus has been on the geochemistry of gold-rich soils, leading to a diagnostic test that can predict how suitable a particular soil might be to gold phytomining. Field trials have been conducted at several locations around the world in collaboration with industry partners. A Decision Support System has been developed to assist in the design and management of phytomining operations, and economic modeling has been carried out to set targets levels for phytomining technology. Novel studies are now examining the form of gold in plants. Research suggests that plants may store gold as discrete metallic nanoparticles in leaf and stem tissues, an observation that may lead to new ways to recover the metal from harvested biomass.

Oct 1, 2003

By J Youngson

Gold placers can be difficult to locate in areas where tectonic activity and paleogeography have changed significantly since placer formation. Existing placer exploration models are useful in areas that have a relatively simple geological history, identifiable relationships with parent sources, or a history of placer mining. However, exploration becomes increasingly difficult in areas where tectonic activity and sedimentary recycling repeatedly redistribute the gold. Gold placers in the Waitaki River catchment, North Otago, New Zealand have no primary source within the catchment. During the Eocene placer gold was transported by a river ('Buster River') that flowed in a northeast direction from Central Otago toward a coastline at Maerewhenua, North Otago. This river and coastal system was inundated by marine transgression during the middle Tertiary. Since the Miocene its placer deposits have been uplifted and eroded and any links with parent sources have been severed. Changes in paleogeography resulted in local reconcentration and local dilution of placer gold in different areas in the Waitaki catchment. Thin veneers of old Waitaki River gravels (Kurow Gravels), containing gold recycled from the older placers, have been deposited unconformably on strath surfaces cut into Tertiary or older rocks. These gravels along with remnant Eocene fluvial and shallow marine strata provide potential placer exploration targets. Uplift and erosion of non-auriferous rocks in the Waitaki catchment to the west and north of the study area has resulted in considerable dilution of potential placer deposits downstream, especially in areas of gravel aggradation. We present a placer exploration model that is founded on answering fundamental questions pertaining to the paleogeography and geological history of the sediments associated with the placers.

Jan 1, 1999

By B Vernon, M Whiteley, T Robinson

The Western Australian gold industry has approximately 100 operating plahts, mainly CIP/CIL. The nature of the State's rapidly expanding gold industry gave rise to concerns over management of the  cyanide hazard, in that most plants are remote from major population centres, have a workforce with a high tum over and use highly saline process water. Approximately 4500 workers in the industry have the potential to be exposed to cyanide in the course of their normal work.   This paper outlines the risk management strategy developed by Government and industry to monitor atmospheric HCN gas in the work environment and the role of continuing education and training along with regular site inspections by Department of Mines Inspectors.

Jan 1, 1990

By Whiteley M, Robinson T, Vernon B

The Western Australian gold industry has approximately 100 operating plants, mainly CIP/CIL. The nature of the State's rapidly expanding gold industry gave rise to concerns over management of the cyanide hazard, in that most plants are remote from major population centres, have a workforce with a high turn over and use highly saline process water. Approximately 4,500 workers in the industry have the potential to be exposed to cyanide in the course of their normal work.This paper outlines the risk management strategy developed by Government and industry to monitor atmospheric HCN gas in the work environment and the role of continuing education and training along with regular site inspections by Department of Mines Inspectors.

Jan 1, 1990

By G. R. Tostengard

Gold plant performance during the start-up period, which extends until capacity production is sustained, has a major impact on the internal rate of return and the net present value of gold projects regardless of mining and processing configurations. The start-up period experiences substandard production, extra expenses, and sometimes reduced recovery. This results in lost profits, a portion of which are recouped at the end of the life of the mine. Poor start-up performance can put projects into financial jeopardy. The gold mining industry regularly experiences start-ups ranging from good to poor. Problem areas, which affect start-up performance, include shortcomings in ore reserve sampling and testing, equipment design and installation, untrained plant operators, inability to cope with problems which arise, and organization of the maintenance program. An investment, equal to 0.5% to 1.0% of plant capital cost, in programs to prepare for start-up, in advance, is recommended. Investment in such a program will make a good start-up possible. Without it the best result which can normally be expected is a fair start-up. Developers of new gold mines are urged to compare the cost of this investment with the anticipated increase in project net present value. Funds for this investment should be included in feasibility studies.

Jan 1, 1988

By O. Rabeau, M. Legault, A. Cheilletz, L. Z. Cheng, J. J. Royer, M. Jébrak

"By compiling geological, structural, geophysical, and geochemical information into a 3D geological model, we evaluated the orogenic gold potential in the vicinity of a hidden segment of an important Archean fault zone, the Cadillac-Larder Lake fault (CLLF) in the region of Rouyn-Noranda. The segment of CLLF in the present study is partly covered by Proterozoic sedimentary rocks. Because more than 2000 t Au have been extracted along the CLLF to date, our objective is to evaluate the gold potential at depth along a poorly known segment of this fault. A 3D geological model (50 km × 9 km × 1.5 km) including the covered segment was built through the compilation and homogenization of available geological data and the construction of 23 cross sections. The geology under the Proterozoic cover was evaluated using geophysical inversions, drill holes (42 in total), and surrounding geology. All available assays were filtered and upscaled to a 250 m × 250 m × 250 m regular cell grid to determine and quantify spatial relationships between geological features and mineralized occurrences using the weights of evidence method. Structural features, such as E-W-trending faults and fault intersections, and certain lithologies with a high primary porosity such as volcanoclastic rocks of the Blake River Group and Timiskaming sedimentary rocks, proved to be very prospective, yielding favourable factors with a weight of evidence index W+ > 0.24. These salient features were then assigned a combination index for ultimately evaluating the orogenic gold potential under the sedimentary cover. The zones resulting in an optimization of exploration targeting were attributed the highest probability, representing ~1% of the initial volume. La compilation des données géologiques, géophysiques, structurales, et géochimiques et leur intégration au sein d’un modèle géologique 3D a permis d’évaluer le potentiel aurifère dans les environs d’une importante zone de faille archéenne sous couverture protérozoïque. Cette méthodologie a été développée en utilisant le cas de la Faille Cadillac-Larder Lake (FCLL) dans la région de Rouyn-Noranda. Puisque plus de 2000 t d’Or ont été extrait à proximité de la FCLL, l’objectifs des travaux est l’évaluation du potentiel aurifère en profondeur de ce segment. Un modèle géologique 3D (50 km × 9 km × 1.5 km) incluant le segment sous couverture de la FCLL a été construit en utilisant l’ensemble des données géologiques disponibles et 23 coupes géologiques. La géologie du socle archéen sous la couverture protérozoïque a été interprétée avec des inversions géophysiques, des forages (42 au total) et les contacts géologiques exposés. Les teneurs aurifères dans le secteur ont été filtrées et ajusté à une grille régulière de 250 m × 250 m × 250 m afin d’évaluer et de quantifier les relations spatiales existantes entre certaines entités géologiques et les emplacements minéralisés en utilisant la méthode du poids de la preuve. Les failles de direction Est-Ouest, les intersections de failles ainsi que certaines lithologies possédant une porosité primaire importantes comme les certains tuf du Groupe de Blake River et les sédiments du Timiskaming se sont montrés très prospectifs avec des valeurs de W+ > 0.24. Ces entités géologiques ont ensuite été utilisées par le biais d’un indice de combinaison pour évaluer le potentiel en or de type orogénique sous le couvert sédimentaire. Cette méthodologie permet une optimisation des campagnes d’exploration puisque les zones pour lesquelles la probabilité de minéralisations a été évaluée à la plus haute valeur représentent 1% du volume initial."

Jan 1, 2009

This article focuses on TurkeyÆs gold potential with respect to exploration, development and operation after 1985. Apart from TurkeyÆs geology, which offers a substantial number of volcanic-associated gold (Ag) and gold-copper (Au-Cu) projects, there are numerous other factors which make the country a favourable place for mining. Turkey has a mining history which goes back to pre-Roman times and an excellent mining code which ensures security for long-term production. In the country, the Government and local villagers are very positive and the country works extremely well logistically with excellent road and telecommunication links. The opportunities for new discoveries in Turkey are very high. Moreover, Turkey has its eyes turned west as it moves towards joining the European Community and it is no surprise that international companies believe it has got its timing as well as its partner relationship right. Newmont, Teck Cominco, BHP Billiton, Rio Tinto, Eldorado Gold, etc all have direct or indirect interests in Turkey, as do an increasing number of midtier and junior exploration companies. Turkish Koza Gold Mining is the first Au producing company of Turkey. The Eldorado Gold owned 245 t Kisladag Au deposit in Western Turkey is currently also producing Au. In the meantime Anatolia Minerals Development is advancing the 131 t resource at the C÷pler Au deposit in North Eastern Turkey. These are significant world-class deposits. Further encouragement for investment in the Au mining sector has been provided by the introduction of a new mining law in 1985. Foreign investments in the country were encouraged and have seen a rapid increase in the last two decades. Gross domestic product (GDP) growth is in excess of five per cent per annum, inflation is down from 70 per cent to single figures, the budget deficit has been cut by 40 per cent to 11 per cent and industrial output and productivity are increasing rapidly. Turkey is politically and economically stable, is a member of the European Customs Union, has a supportive mining legislation, is highly prospective and under-explored and hosts significant recent gold discoveries.

Jan 1, 2007

By H. Aminian

Gold powders have many important industrial applications. In this paper the available processes for the preparation of gold nano and micron sized powders are described. The attention has been given to hydrometallurgy route and the recent works and achievements in controlling the powder morphology are highlighted.

Jan 1, 2011

By K. S. Fraser, R. Frischmuth

High temperature pressure oxidation (>190°C) is a wellrecognized and versatile metallurgical oxidative pre-treatment process commonly used to liberate gold from refractory sulfide ores and concentrates. The pressure oxidation of refractory gold ores was first commercially applied in 1985, at Homestake Mining Company’s McLaughlin mine in the United States. Since that time numerous refractory gold and other high temperature pressure oxidation facilities have been built throughout the world. The design of each facility was met with unique challenges and opportunities which have led to an array of plant configurations, pressure oxidation autoclave sizes, and sulfide oxidation capacities. This paper presents a historical review of high temperature pressure oxidation operations and current projects in execution with a focus on the autoclave vessel design, circuit configuration, and unit sulfide oxidation capacity as a basis for characterization and comparison.

Mar 2, 2022

By E. J. Wade

My subject is gold price forecasting and monitoring as an important aspect of gold marketing. While I 'm specifically addressing gold, it is understandable that many other commodities could be readily substituted. Gold marketing must be studied as three distinct processes, and it is my intention to cover each of these processes in turn. First I?ll cover the process of gold price monitoring and forecasting in some detail. In order to select a method, or combination of methods, to be used to sell gold a determination of the future price profile is essential. The profitability of the sales effort will be determined, to a large extent, by how accurately the future price behavior of the gold market has been forecast.

Jan 1, 1985

By Y Gu

Based on the mode of occurrence, gold is classified into three categories: microscopic gold, submicroscopic gold and surface-bound gold. Microscopic gold, or visible gold, refers to gold minerals in which Au occurs in a substantial amount, such as native gold and electrum. Submicroscopic gold, ie invisible gold, refers to gold contained in the structure of other minerals (mainly sulfides) in minor to trace amounts. Surface gold is the gold that was adsorbed onto the surface of other minerals during mineralisation and subsequent oxidation or metallurgical processing. Gold mineralogy has a significant impact on its extractive metallurgy. Gold process mineralogy helps address problems related to gold ore processing. It is widely used as a predictive and troubleshooting tool in gold ore processing, and provides useful information on process selection, flow sheet development, recovery improvement and reagent consumption optimisation. This paper will begin with the classification of gold ores, and will focus on gold mineralogy and how it impacts extractive metallurgy through case studies.

Jan 1, 2008