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Famous Gold Mines Chart
Riacho dos Machados Gold Mine

Riacho dos Machados Gold Mine

The Riacho dos Machados gold project is located 145 km by road northeast of the city of Montes Claros in Minas Gerais, Brazil. The 11,000 people town of Riacho dos Machados is about 25 km from the project.The mineral deposit was discovered in the 1970s by the Brazilian government in partnership with Vale (CVRD) in a region with no prior history of mining production. Vale open pit mined the oxidized part of the deposit in the period 1989-1997 and produced 155,000 oz gold from low grade (1.89 g/t) oxide ore.
Mining Method: open pit
Commodity: Gold
Estimated Mine Life(yrs): 8
Start Date: 2012
Reserves/Resources: 20.9 Mt at 1.24 g/t gold for 830,200 oz gold (Proven & Probable)
Products: Gold 100k oz
Owner: Carpathian Gold Inc (100%)
country/region: BRAZIL
Continent: South America
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