- Newmont acquired Hope Bay, one of the largest undeveloped greenstones in North America in 2008.
- Newmont began mining in Nevada in 1965, producing millions of ounces of gold.
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The North America Region
As early as the 1920s, Newmont had taken interest in a handful of U.S. mining, smelting and gold companies – many of which sustained our company during the Great Depression. By the 1930s, we acquired three more gold companies in Canada, and opened two lead and zinc mines in Colorado.
Newmont ventured into Mexico in the late 1940s, when asked by cash-strapped Mobil to help finance offshore drilling. But our most revolutionary North American discovery occurred in the early 1960s, when Nevada geologists discovered submicroscopic, disseminated gold, yielding more than 10 million ounces over the next 25 years.
Nevada, United States
Newmont has been pouring gold in Nevada for nearly 50 years along a 100-mile stretch of highway in the north section of the state. Our Nevada properties operate as an integrated unit, and together, they boast the widest variety of processing methods of any gold mining complex in the world. This allows us to maximize economic recovery of gold from a wide range of ore types and grades. Operations include 14 open-pit and four underground mines and 14 processing facilities. In addition to gold, our operations produce silver and copper.
La Herradura, Mexico
Newmont holds a 44 percent ownership interest in the open pit La Herradura operation, located 250 miles (400 kilometers) south of Mesquite in the northern Mexican state of Sonora. Fresnillo plc owns the remaining interest in the mine and is the operator.
Hope Bay, Canada
Located in Northern Canada, Hope Bay is an 80 km district with up to 9 moz gold potential in the Canadian Arctic and is one of the last known undeveloped greenstone belts in the world. Newmont controls 100 percent of the belt and exploration success over the last few years continues to confirm the district's significant long-term potential.
During the first phase of project development, Newmont is moving forward with the initial development of the Doris North underground mine. This phase will consist of an underground decline providing access for test stoping and development drilling. Exploration across the belt and development of other known deposits will continue in parallel, along with permitting activities for potential future stages.
If results from initial underground development and drilling are positive, we will advance to operations and Phase II development, which will potentially include multiple operations at deposits such as Patch 14 (Madrid) and Doris Central.
Click here to download a fact sheet on Hope Bay.