A growing mid-tier North American gold producer.
The Jerritt Canyon Mine is in the Independence Trend. Mining got started in this area with the Sb Mine, which produced 20 tons of antimony in 1918 and another 12 ½ tons of antimony in 1945, according to westernmininghistory.com. Decades later, FMC was exploring for more antimony, and gold was discovered in 1972. FMC asked Freeport Gold Co. to enter into a joint venture to develop the property. Construction of the mine began in 1980, and the mine cost a total of about $105 million. The first gold was poured in July 4, 1981. By 1983, more than 270 people worked at the mine and mill. Today there are about 400 people working at the mine, including both the Jerritt Canyon employees and the Small Mine Development employees who work in the two underground mines.
The mining was all open pit from 1981 to 1993, and open pit mining continued to 1999. The open pits produced a total of about 5.5 million ounces of gold. Underground mining started in 1993 with the opening of the SSX-Steer Complex and the Smith mine. Other underground mines have included MCE, Murray and Starvation Canyon. Jerritt Canyon’s underground mines have produced about 4.5 million ounces of gold so far. Jerritt Canyon has poured over 9 million ounces and climbing.