Spring Valley gold project, US
Name of the Project
Spring Valley gold project.
Location
Pershing County, Nevada, in the US.
Project Owner/s
Gold development company Solidus Resources.
Project Description
The project will be Nevada’s next long-life heap-leach gold mine comprising 3.8-million ounces of proven and probable mineral reserves at an average gold grade of 0.016 oz/t.
The project will have a life-of-mine (LoM) of 21 years, including two years of construction, 11 years of mining, three additional years of ore processing, and five years of reclamation and closure activities.
The feasibility study proposes a simple heap-leach operation with a large openpit mine design and straightforward layout. The project will average 303 000 oz/y of gold over its LoM, with 348 000 oz/y gold over the first five years.
Potential Job Creation
The project will hire about 130 contractors during the two-year construction and and 250 full-time staff for operations.
Net Present Value/Internal Rate of Return
The feasibility study has estimated an after-tax net present value, at a 5% discount rate, of $1.5-billion and an after-tax internal rate of return of 36%, with a payback of less than two years.
Capital Expenditure
$822.7-million.
Planned Start/End Date
Not stated.
Latest Developments
The US Bureau of Land Management approved the project in July 2025.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Solidus Resources, email info@solidus-resources.com.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
