Solidus receives up to $835m in potential Exim support for gold mine
Solidus Resources, a subsidiary of private mining company Waterton Mining, has reported potential financing of up to $835-million for the Spring Valley project, in Nevada, US.
The financing consideration has been received from the Export-Import Bank of the US (Exim) under the recent executive orders on domestic production and industrial reinvigoration.
“The Spring Valley project will be Nevada’s next long-life heap leach gold mine. The significance of this transaction will be far-reaching, boosting domestic non-fuel mineral production, creating thousands of high-paying jobs, increasing significantly both local wages and tax revenues, and enhancing US mining competitiveness,” said Waterton chairperson and CEO Isser Ellishis.
“We are grateful for the Trump administration’s support of our project,” he added.
According to the 2025 feasibility study, the Spring Valley mine has a mineral reserve of 3.8-million ounces. The mine will have a ten-year-plus mine live, averaging 300 000 oz/y with 348 000 oz/y of gold over the first five years. Life-of-mine all-in sustaining costs are estimated to be $1 103/oz.
The project has an aftertax net present value, using a 5% discount, of $1.5-billion with an aftertax internal rate of return of 36%.
Comments
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