History

Founded in 2015, Jerritt Canyon Gold LLC is a private growing mid-tier North American gold producer. Our company’s primary assets are the permitted and operating Jerritt Canyon processing plant and four gold mines located 50 miles north of Elko, Nevada.  Jerritt Canyon was discovered in 1972, with production commencing in 1981.  Over its 40-year production history, it has produced over 9.7 million ounces of gold.  Open pit mining occurred between 1981 and 1999.  Portal-accessed, underground mining commenced in 1993 and continues today.  The underground mines utilize slot-and-fill and drift-and-fill mining methods with rubber-tired equipment.  Underground mining is currently carried out by a mining contractor.  Waste material is transported to waste storage areas, low-grade material is stockpiled, and ore is transported and stacked at the mill.  The processing plant has a capacity of 4,500 metric tonnes per day (tpd).  Ore initially goes through three stages - crushing, drying and grinding.  The ground ore is then treated in a roaster (one of only three permitted gold processing roaster plants in Nevada) where the sulfide and carbon minerals are oxidized.  The roasted ore is processed in a carbon-in-leach (CIL) circuit where the gold mineral is separated from the waste.  The final gold-laden product is processed in the mill refinery where it is ultimately cast into doré bars for sale (containing approximately 95% gold and 2% silver).  Our land package consists of 119 square miles and is largely underexplored.

First Majestic Silver Corp. (“First Majestic”) acquired the Jerritt Canyon operation in April 2021.  First Majestic is a multinational mining company established in 1998, with its headquarters in Vancouver, Canada.  It is focused on primary silver and gold production in North America, pursuing the exploration and development of its existing mineral properties and acquiring new assets. First Majestic owns the Jerritt Canyon Gold Mine in the U.S.; three producing mines in Mexico: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine; and four mines currently in care and maintenance in Mexico: the San Martin Silver Mine, the Del Toro Silver Mine, the La Parrilla Silver Mine, and the La Guitarra Silver/Gold Mine.