The town of Cripple Creek, Colorado is visible at the top of the image. Each of the light colored lines are the haul roads of the mine. Large dump trucks haul the ore from the bottom of the pits literally driving up a giant spiral to the top. The deepest pit visible in the upper left in, deep shadow, reaches a depth of 2,750 feet (840 meters).
The Cripple Creek & Victor Gold Mine, formerly and historically the Cresson Mine, is an active gold mine located near the town of Victor, in the Cripple Creek mining district in the US state of Colorado. The richest gold mine in Colorado history,[1] it is the only remaining significant producer of gold in the state, and produced 322,000 troy ounces of gold in 2019, and reported 3.45 million troy ounces of Proven and Probable Reserves as at December 31, 2019. It was owned and operated by AngloGold Ashanti through its subsidiary, the Cripple Creek & Victor Gold Mining Company (CC&V), until 2015, when it sold the mine to Newmont.
The mine is an open pit operation. The gold is recovered from the ore by heap leaching. CC&V's heap leach pad is one of the biggest in the world.
Geology
The ore is in altered and brecciated volcanic and volcanoclastic rocks of Oligocene age and predominantly quartz latite composition. The Cripple Creek volcanic complex is surrounded by Precambrian gneiss, granite, and quartz monzonite. The gold occurs as disseminated micrometre-size free gold and as gold-silver tellurides, or telluride minerals. Gangue minerals include pyrite, quartz, and fluorite.
History
Gold mining in the district began in the 1890s, mostly as underground operations, chasing high grade veins. Over 23 million ounces of gold have been recovered from the district since 1890. At 2012 prices ($1600 per troy ounce this would be worth around US$37 billion.
Warren, Harry & Frank Woods entered the Victor mining scene in when they purchased the Mount Rosa Placer and incorporated the Mt. Rosa Mining, Milling and Land Company on January 9, 1892. This would later become known as the Cripple Creek & Victor Gold Mine.
Most of the Cripple Creek properties were consolidated into the Golden Cycle Mining and Reduction Company, and the Carlton Tunnel was completed in 1941. This 6.5 mile long tunnel drained the district down to 3,000 feet. The roasting-cyanidation Carlton Mill opened in March 1951. This mill also tested the first carbon adsorption-desorption process.
The Cripple Creek and Victor Narrow Gauge Railroad was opened in 1967 and continues to serve as a tourist attraction.[
The current open cut operation dates back to 1995. The operation became part of AngloGold in March 1999, when the company acquired the Independence Mining Company and thereby 66% of the mine. AngloGold merged with junior partner Golden Cycle Gold Corporation in 2008 and thereby acquired the remaining 33% of the project.
The mine is a low-cost, low-yield open pit operation, with grades well below one gram of gold per tonne of ore. In recent years, 2008 and 2009, the mine accounted for 5% of AngloGold Ashanti's worldwide production. It is the company's only active operation in the United States. In 2008, the State of Colorado and Teller County granted the mine a mine-life extension.
Production and grade of the mine have steadily declined over the last few years, while the total production costs have risen from US$372 an ounce in 2007 to US$475 in 2009. The mine employed 562 people in 2009, of which 367 were permanent employees.
In August 2015, the mine was sold to Newmont.[7] In December 2024, Newmont sold the mine to SSR Mining Company. source Wikipedia.