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Export|Gold|Industrial|Mining|PROJECT|Resources
export|gold|industrial|mining|project|resources

Solidus receives up to $835m in potential Exim support for gold mine

14th May 2025

By: Creamer Media Reporter

     

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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%.

Edited by Creamer Media Reporter

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