Barrick Gold Receives SEIS Approval for Cortez Hills Mine

20 March 2011 (Last Updated March 20th, 2011 18:30)

Barrick Gold has received a record of decision (ROD) approving the supplemental environmental impact statement (SEIS) for the Cortez Hills mine in Nevada, US. The mine was previously operating under a tailored injunction granted by the US District Court, which allowed mining under cert

Barrick Gold has received a record of decision (ROD) approving the supplemental environmental impact statement (SEIS) for the Cortez Hills mine in Nevada, US.

The mine was previously operating under a tailored injunction granted by the US District Court, which allowed mining under certain restrictions on ore transportation and dewatering on completion of the SEIS.

The ROD has removed these restrictions and enabled the mine operation to revert to its original scope.

The Cortez property, including the pipeline open pit, the Cortez Hills open pit and the Cortez Hills underground mine, is expected to produce 1.3 million to 1.45 million ounces in 2011 at total cost of $235-$265 an ounce.

Barrick Gold received the approval from the federal Bureau of Land Management (BLM).