Geomechanics.io

  • Free Tools
Sign UpLog In
AllMiningInfrastructureMaterialsPolicy

Geomechanics.io

Geomechanics, Simplified.

© 2025 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsRelease NotesBlog

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Commodities
    Project

    Maritime Resources pours first gold at Newfoundland mine

    November 13, 2025
    Maritime Resources pours first gold at Newfoundland mine

    First reported on MINING.com

    30 Second Briefing

    Maritime Resources has poured its first gold at the Hammerdown project in Newfoundland, marking the mine's first production since 2004. The gold was processed from stockpiled material at the Pine Cove mill, which was recently brought back into operation after two years of care and maintenance. Hammerdown is expected to ramp up to full production early next year, with an annual output of 50,000 ounces at an all-in sustaining cost of $912 per ounce, supported by proven and probable reserves of 1.9 million tonnes grading 4.46 grams gold per tonne.

    Technical Brief

    • Maritime Resources has achieved its first gold pour at the Hammerdown project, marking the site's first production since 2004.
    • Gold was processed at the Pine Cove mill, which resumed operations after two years of care and maintenance.
    • Hammerdown's ramp-up to full production is scheduled for early next year, targeting 50,000 ounces annually.
    • The project has proven and probable reserves of 1.9 million tonnes with a grade of 4.46 grams gold per tonne.
    • All-in sustaining costs are projected at $912 per ounce, based on a 2022 feasibility study.
    • The feasibility study values Hammerdown at C$251 million after-tax NPV, assuming a $2,500 per ounce gold price.
    • New Found Gold's acquisition of Maritime for C$292 million is set to close in Q4, integrating Hammerdown with the Queensway project.
    • The combined entity will leverage shared infrastructure, including the Pine Cove mill and Nugget Pond plant.
    • Historical production at Hammerdown by Richmont Mines yielded 143,000 ounces from 2000 to 2004, with an average grade of 15.7 grams per tonne.

    Context From Recent Coverage

    • Maritime Resources' Hammerdown project in Newfoundland, with a proven and probable reserve of 1.9 million tonnes at a gold grade of 4.46 g/t, positions it as a significant regional asset in a market where gold projects are relatively few, with only a small number of related stories tracked in the last 90 days.
    • The planned annual production of 50,000 ounces at the Hammerdown project, combined with an all-in sustaining cost of C$912 per ounce, reflects a competitive operational profile in the Canadian gold mining sector, which has seen several mining stories recently.

    Related Articles

    Op-Ed: Hard rock, smart tools – how AI is rewriting mining
    Mining
    3 days ago

    Op-Ed: Hard rock, smart tools – how AI is rewriting mining

    AI is reshaping mining operations by enabling real-time data analysis and predictive maintenance, crucial for meeting rising demands for critical minerals like lithium and copper. Technologies such as sensor-laden quadruped robots patrol crusher corridors, identifying potential issues through vibration and temperature monitoring, while remote metallurgists optimise mill performance from afar. The integration of AI not only enhances operational efficiency but also shifts workforce roles towards higher-skill oversight, with predictive models reducing unplanned downtime and improving safety by minimising human exposure to hazardous environments.

    US biomining startup raises $13.5M in seed funding
    Mining
    3 days ago

    US biomining startup raises $13.5M in seed funding

    US biomining startup Endolith has secured $13.5 million in seed funding to advance its AI-guided microbial extraction technology for copper and other critical minerals. Led by Squadra Ventures, the funding aims to support pilot-engineering and process validation of Endolith's environmentally friendly approach, which targets low-grade and complex ores. This investment highlights the growing interest in biomining as a strategic component of national security infrastructure, amid geopolitical supply chain disruptions and rising demand from the clean energy sector.

    East Africa Metals sites hit by illegal mining: report
    Mining
    4 days ago

    East Africa Metals sites hit by illegal mining: report

    Illegal mining activities have reportedly occurred at East Africa Metals' Mato Bula and Da Tambuk sites in Ethiopia's Tigray region, driven by a more than 50% rise in gold prices this year. Despite the company's claims of non-operational status, former soldiers and Chinese miners allegedly extracted gold from early 2024 to mid-2025, backed by undisclosed investors. The region's interim president has deployed a task force to halt mining, but enforcement is threatened by escalating conflict, raising concerns of a Sudan-style resource conflict with minimal local benefits.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.