Plutonic Gold Mine

The Plutonic Gold Mine is a gold mine located 82 km east north east of Peak Hill, Western Australia.It is operated by Billabong Gold Pty Ltd and located at the Plutonic Well Greenstone Belt. The mine was acquired by Billabong Gold from the previous operator Northern Star Resources in September 2016 who acquired it from Barrick Gold in February 2014.HistoryIn 1988, Great Central Mines discovered the deposit which was to become Plutonic, which the company sold for A$50 million.The site was then owned by Plutonic Resources, a major Australian gold mining and exploration company. Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion, and, in turn, Homestake was acquired by Barrick Gold at the end of 2001.Barrick Gold announced the divestment of Plutonic Gold Mine to Northern Star Resources Ltd on 22 December 2013, for A$25 million.ProductionProduction figures for the mine:Sources The Australian Mines Handbook: 2003-2004 Edition, Louthean Media Pty Ltd, Editor: Ross Louthean Western Australian Mineral and Petroleum Statistics Digest 2008 Page 34: Principal Mineral and Petroleum Producers - Gold