Silver Hill Gold Mine
Silver Hill Gold and Silver Mine, located in Chollanam-Do Province, South Korea.
The Silver Hill (Eunsan) gold and silver mine of Ivanhoe Mines Ltd. of Canada was put into commercial production in March 2002. The mine was designed to mine and mill 150 metric tons per day of ore and to produce 1.6 tons per year (t/yr) of gold and 3.7 t/yr of silver for 2 years. The estimated production costs for the underground operation ranged from $125 to $150 per ounce of gold, net of silver byproduct revenue. The company discovered another high gold and silver mineralization area (Seongsan project), which is 2.5 kilometers southeast of the Eunsan Mine.