Central Nevada Gold looks to revive Mule Canyon mine

Mining07-16 09:14

Privately held Central Nevada Gold is working to reopen the past-producing Mule Canyon mine in the western U.S. state after acquiring the asset from Newmont (NYSE, ASX: NEM; TSX: NGT). Central Nevada ...

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TSX: NGT).\nCentral Nevada ...</p>\n\n<a href=\"https://www.mining.com/central-nevada-gold-looks-to-revive-mule-canyon-mine/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGDM","symbol_name":"Sprott Gold Miners ETF","start_time":0,"source_url":"https://www.mining.com/central-nevada-gold-looks-to-revive-mule-canyon-mine/","article_id":"2652473738","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/07/CentralNVGold5-31-26_0795-scaled-1.jpg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/central-nevada-gold-looks-to-revive-mule-canyon-mine/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652473738","pubTimestamp":1784164440,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"It aims to restart the mine after acquiring it from Newmont, advancing studies, permits and…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGDM":"Sprott Gold Miners ETF","GLL":"2倍做空黄金ETF-ProShares","GDXJ":"小型黄金矿业ETF(Market Vectors)","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","UYM":"基础材料指数ETF-ProShares两倍做多","GLD":"黄金ETF-SPDR","GBUG":"Sprott Active Gold & Silver Miners ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","PHYS":"Sprott Physical Gold Trust","BTGD":"STKD Bitcoin & Gold ETF","GFI":"金田","UGL":"2倍做多黄金ETF-ProShares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","OUNZ":"VanEck Merk黄金股票基金","GDMN":"WisdomTree Efficient Gold Plus Gold Miners Strategy Fund","GLDY":"Defiance Gold Enhanced Options Income ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","GLDM":"SPDR Gold MiniShares Trust","DGZ":"做空黄金ETN(德银)","DZZ":"德银黄金两倍做空ETN","IAUM":"ISHARES GOLD TRUST MICRO","SGOL":"Abrdn Gold ETF Trust","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","AAAU":"Goldman Sachs Physical Gold ETF","CEF":"Sprott Physical Gold & Silver Trust","IAUI":"NEOS Gold High Income ETF","KGLD":"Kurv Gold Enhanced Income ETF","XME":"金属与采矿指数ETF-SPDR","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","YGLD":"Simplify Gold Strategy PLUS Income ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BAR":"GraniteShares Gold Shares","JDST":"金矿指数二倍做空ETF","IAU":"黄金信托ETF-iShares","DGP":"二倍做多黄金ETN(PowerShares)","JNUG":"金矿指数二倍做多ETF","GDX":"黄金矿业ETF-VanEck","DBC":"商品指数ETF-PowerShares DB","RING":"iShares MSCI Global Gold Miners ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","AUMI":"THEMES GOLD MINERS ETF","IGLD":"FT Vest Gold Strategy Target Income ETF®","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","USG":"USCF Gold Strategy Plus Income Fund","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","PPI":"AXS Astoria Real Assets ETF"},"translate_title":"内华达州中部黄金公司希望重振穆勒峡谷矿","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBUG":0.87,"SHNY":0.76,"USG":0.76,"GDX":0.76,"IGLD":0.6,"JDST":0.76,"IAUI":0.76,"SGDM":0.76,"RING":0.76,"GDXD":0.76,"PICK":0.9,"JNUG":0.76,"UGL":0.76,"GLDY":0.6,"XME":0.87,"GLL":0.76,"BGLD":0.6,"GDXU":0.76,"BAR":0.76,"GFI":1,"IAU":0.76,"PPI":0.76,"YGLD":0.6,"SGOL":0.76,"DUST":0.76,"GLD":0.6,"DULL":0.76,"GLDM":0.76,"DGP":0.76,"KGLD":0.6,"UYM":0.76,"GDXY":0.76,"GLTR":0.87,"FGDL":0.76,"PHYS":0.76,"OUNZ":0.76,"DBC":0.76,"GOLY":0.76,"IAUM":0.76,"AAAU":0.76,"GDMN":0.6,"GOAU":0.87,"CEF":0.87,"DZZ":0.76,"GDXJ":0.76,"BEGS":0.87,"DGZ":0.6,"1OZmain":0.76,"BTGD":0.76,"AUMI":0.6},"content_text":"Privately held Central Nevada Gold is working to reopen the past-producing Mule Canyon mine in the western U.S. state after acquiring the asset from Newmont (NYSE, ASX: NEM; TSX: NGT).\nCentral Nevada is focused on advancing Mule Canyon through pre-feasibility and permitting with the goal of delivering a construction decision, according to a statement issued Thursday. It expects to announce a new resource estimate for the property in the coming months. An initial public offering is also in the works.\nDiscovered in 1986 by Gold Fields (JSE, NYSE: GFI), Mule Canyon was brought into production by Newmont in 1996, churning out about 500,000 oz. of the yellow metal over five years. Mining ended in 2000 due to low gold prices after only two of six zones were mined, leaving significant unexploited potential.\n“We have acquired a standout brownfield project with a significant baseline of historical drilling, production data and environmental studies which will allow us to advance efficiently through development and permitting phases,” CEO Simon Griffiths said in the statement.\n“The potential of this project is underwritten by the strong support from early-stage investors. Nevada is a jurisdiction where mining projects get permitted and built.”\nNevada remains one of the world’s leading gold regions, and brownfield projects with existing infrastructure have drawn renewed attention as producers search for ounces that can be developed faster than new discoveries. Mule Canyon’s new owner is betting that the property’s mining history and existing permits will shorten that timeline.\nSeasoned executives\nCreated to acquire development-stage gold and silver projects in the state, Central Nevada is led by Griffiths and executive director Fraser Buchan, whose backgrounds include senior leadership roles at Andean Precious Metals (TSX: APM), OceanaGold (TSX, NYSE: OCG), Newcrest and Newcastle Gold. Griffiths is a former CEO of Andean.\nOver the course of their careers, the executives have developed and operated several precious metals mines, including Andean’s San Bartolomé mine in Bolivia and OceanaGold’s Haile mine in South Carolina.\nCentral Nevada is targeting a 2027 production decision for Mule Canyon, according to a presentation posted on the company’s website.\nMine planning and economic studies at Mule Canyon are underway, and “significant” advances have been made on the project’s critical permitting path, Central Nevada says. The mine has an active plan of operations, water rights and grid power directly on site.\nAs it works to reopen Mule Canyon, Central Nevada says it’s also evaluating a public listing on a North American stock exchange. It didn’t provide specifics.\nArgenta district\nLocated about 700 km northwest of Las Vegas, Mule Canyon sits in the Shoshone Mountain Range’s historic Argenta mining district, near the prolific Carlin, Battle Mountain and Getchell trends.\nA discovery drill intercept returned 41.1 meters grading 24.8 grams gold per tonne from an undisclosed depth, Central Nevada says. The company’s database comprises 2,149 drill holes covering more than 335,000 metres.\nHistorical operating data cited by Central Nevada indicates an average head grade of 3.8 grams gold and metallurgical recoveries of roughly 94%.\nSubsequent exploration outlined six mineralized zones over 2.5 km, defining 8.2 million tonnes of open-pittable ore at an average grade of 3.81 grams gold, Central Nevada shareholder Giant Venture Capital says on its website.\nMule Canyon was initially designed and permitted to process about 7 to 10 million tons of gold-bearing ore by processing 4.1 million tons of low-grade oxide ore by cyanide heap leaching, according to Nevada’s Division of Environmental Protection.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652473738","isCrawlerRequest":true}