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 in the Canadian Arctic.
On January 28, 2013, TMAC Resources Inc. announced a definitive acquisition agreement with Hope Bay Mining Ltd., a subsidiary of Newmont Mining Corporation, to acquire 100 percent of the Hope Bay project. The closing of the transaction is subject to certain conditions, including the completion of a private placement of TMAC equities and the receipt of all required regulatory and third party approvals.