Hill 50 Gold Mine

Hill 50
Hill 50 poppet head c1980 when the mine was an underground operation, all buildings and foreground are now part of the opencut
Location
Hill 50 Gold Mine is located in Western Australia
Hill 50 Gold Mine
Hill 50 Gold Mine
Location in Western Australia
LocationMount Magnet
StateWestern Australia
CountryAustralia
Coordinates28°01′45″S 117°48′52″E / 28.02917°S 117.81444°E / -28.02917; 117.81444
Production
ProductsGold
Production127,943 troy ounces[1]
Financial year2022–23
History
Opened1890s
Owner
CompanyRamelius Resources
Year of acquisition2010
Map

The Hill 50 Gold Mine, now referred to as the Mount Magnet Gold Mine, is a gold mine located 4 km north-west of Mount Magnet, Western Australia.[2] The mine was, until July 2010, owned by Harmony Gold and had been placed in care and maintenance since 2007.[3] In July 2010, Harmony sold the mine to Ramelius Resources, owner of the Wattle Dam Gold Mine, for A$40 million.[4]

The mine was, for a short time in 2008, owned by Monarch Gold Mining Company Ltd, who went into administration in June 2008.[5] Hill 50 never entered production under Monarch's ownership. Throughout its history, since 1891, the mine has produced in excess of 5.6 million ounces of gold.[6]

  1. ^ Cite error: The named reference Annual23 was invoked but never defined (see the help page).
  2. ^ MINEDEX website - Hill 50 - Mt Magnet search result Archived 2008-09-11 at the Wayback Machine accessed: 17 January 2010
  3. ^ Mt Magnet Archived 2010-01-28 at the Wayback Machine Harmony website, accessed: 18 January 2010
  4. ^ Quarterly report June 2010 Ramelius ASX announcement, published: 23 July 2010, accessed: 29 July 2010
  5. ^ MONARCH GOLD MINING COMPANY LIMITED (MON) delisted.com.au, accessed: 15 January 2010
  6. ^ Ramelius Purchases Mount Magnet Gold Project Ramelius ASX announcement, published: 8 July 2010, accessed: 29 July 2010