Hill 50 Gold Mine
The Hill 50 Gold Mine, now referred to as the Mount Magnet Gold Mine, is a gold mine located 4 km north-west of Mount Magnet, Western Australia. The mine was, until July 2010, owned by Harmony Gold and had been placed in care and maintenance since 2007. In July 2010, Harmony sold the mine to Ramelius Resources, owner of the Wattle Dam Gold Mine, for A$40 million.
Hill 50 poppet head c1980 when the mine was an underground operation, all buildings and foreground are now part of the opencut | |
| Location | |
|---|---|
Hill 50 Gold Mine Location in Western Australia | |
| Location | Mount Magnet |
| State | Western Australia |
| Country | Australia |
| Coordinates | 28°01′45″S 117°48′52″E |
| Production | |
| Products | Gold |
| Production | 127,943 troy ounces |
| Financial year | 2022–23 |
| History | |
| Opened | 1890s |
| Owner | |
| Company | Ramelius Resources |
| Year of acquisition | 2010 |
The mine was, for a short time in 2008, owned by Monarch Gold Mining Company Ltd, who went into administration in June 2008. Hill 50 never entered production under Monarch's ownership. Throughout its history, since 1891, the mine has produced in excess of 5.6 million ounces of gold.
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