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It is the largest undeveloped gold deposit in Canada and one of the world's biggest copper-gold porphyry deposits. [5] [6] Though 2P reserves are significant (39 million ounces of gold, 214 million ounces of silver, 9.9 billion pounds of copper and 257 million pounds of molybdenum) they only represent about 65% of the mine's total resource of ...
A 2013 report said that Mineral Park has an estimated reserves of 389 million t (383 million long tons; 429 million short tons) of ore grading 0.14% copper and 31 million oz (1.9 million lb; 880 t) of silver. [1] Large scale copper mining began in the old Mineral Park district in 1963 when Duval Corporation began the open pit operation.
Production from 1908 to 1978 was more than 4 billion pounds (1.5 million tonnes) of copper and 2,700,000 troy ounces (84 t) of gold, and 2018 annual production of 106 million pounds (48,000 tonnes) of copper and 37,100 troy ounces (1.15 t) of gold. Published ore reserves at Robinson as of end of 2017 were 565,400,000 pounds (256,500 t) of copper.
A mining rush followed the Apache wars – gold, silver, and copper were found in the mountains. While miners combed the mountains for mineral riches during the late nineteenth and early twentieth centuries, stockmen drove tens of thousands of sheep and cattle to stockyards at the village of Magdalena, then linked by rail with Socorro. [7]
The Martin Mine (Gold, copper, lead), produced about 28,000 ounces of gold from two veins between 1911 and 1920, at an average grade of 1 ounce per ton. The Gold Cord Mine (Gold, copper, lead, zinc, tungsten), produced about 16,000 ounces of gold, mainly between 1931 and 1938, from veins with grades ranging for 0.1 to 9 ounces per ton.
Aura Minerals Aura Minerals (OTCQX:ORAAF) is a gold and copper miner focused on Central and South America, with primary operations in Brazil, Mexico, and Honduras. During 2024, the company made ...
The 2003–2006 boom in copper prices increased the profitability of the mine. The extra consumption of copper for Asian electrical infrastructure overwhelmed copper supply and caused prices to increase from around $1500/ton to $8100/ton ($0.70/lb to $4.00/lb).
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