HEMLO Project
HEMLO
Country Canada 
Province Ontario
Close to Marathon
Status PRODUCTION 
Latitude / Longitude 48 N 40 / 86 W 17 Mining District Hemlo-Heron Bay Greenstone Belt
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Produces Gold -
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Last updated on 6/16/2010 - Terms of Use
Risk and valuation analysis of the HEMLO Project
Status Risk : Production
Country Risk : Very Low
Title(s) of the HEMLO Project
Barrick Gold Corp.
Joint venture: 50%
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The mines are operated by a company owned equally by a subsidiary of Barrick (BGI) and a subsidiary of Teck Cominco Limited.
Teck Resources Limited
Joint venture: 50%
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The mines are jointly owned and operated by Teck Cominco (50%) and Barrick Gold Corporation.
Franco Nevada Corp.
Net Smelter Return: 3%
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3% NSR, 50% NPI
Location of the HEMLO Project
the Hemlo operations, which consist of two underground mines, the Williams (which includes an open-pit mine) and David Bell mines, located in the Hemlo Gold Camp, approximately 350 kilometers east of Thunder Bay, Ontario.The Williams Mine is located at the western end of the Hemlo deposit, the David Bell Mine at the eastern end and Newmont’s Golden Giant Mine in the central position.
 
Geology of the HEMLO Project
The Hemlo deposit lies on the south side of the east-west trending Hemlo-Heron Bay Greenstone Belt of Archean volcanic and metasedimentary rocks in a major ductile dextral shear zone
 
Production history
Metal2008200720062005200420032002200120001999
GOLD (oz)130,000336,999409,998504,683543,083100,95336,48146,419239,615204,901
Location
Data last updated on : 12/31/2008
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.