A Gold Mining Company At-A-Glance
GS Mining Company, LLC’s, ( the “Company”) goal is the generation of income through responsible mining practices, which in turn provides the Company with wealth for stakeholders, employees, and the communities with which the company partners. The Company is focused on growing free cash flow per share over the long term. To do this, the Company will maintain and grow industry leading margins, driven by innovation and its digital transformation; while managing the Company portfolio and allocating capital with discipline and rigor; and leveraging distinctive partnership culture as a competitive advantage.
SUSTAINABLE MINING
One of the most significant challenges facing mining companies is integrating successful economic development while preserving environmental integrity. Meeting that challenge is known as sustainable mining. The GS Mining Company is committed to the ethical development of its resources and the wellness of its surroundings. It does this in the following ways:
Water
GS Mining Company LLC - Treatment plant basics
The Bates mine shaft has almost seven hundred feet of water in it, continually accumulating from snow runoff, storm water, and underground sources. In order to keep the mine dry, it is served by a pumping system that removes three hundred gallons of water per minute and discharges that water into a nearby stream.
Before reaching the stream, the water passes through our own water treatment plant. That plant removes metals and pollutants before discharging water which meets all federal and state standards. Testing is done on a daily basis. As a result, the water that we end up pumping is of such a high quality, that we actually improve the creek.
SUSTAINABLE MINING
One of the most significant challenges facing mining companies is integrating successful economic development while preserving environmental integrity. Meeting that challenge is known as sustainable mining. The GS Mining Company is committed to the ethical development of its resources and the wellness of its surroundings. It does this in the following ways:
Water
The Bates mine shaft has almost seven hundred feet of water in it, continually accumulating from snow runoff, storm water, and underground sources. In order to keep the mine dry, it is served by a pumping system that removes three hundred gallons of water per minute and discharges that water into a nearby stream.
GS Mining Company LLC - Treatment plant basics
Before reaching the stream, the water passes through our own water treatment plant. That plant removes metals and pollutants before discharging water which meets all federal and state standards. Testing is done on a daily basis. As a result, the water that we end up pumping is of such a high quality, that we actually improve the creek.
Waste
Tons of rock will be removed from the mine on a daily basis and brought to our mill for processing. The mill crushes the rock and separates the valuable minerals which are shipped to a refinery. The separation is achieved by moving the crushed rock through various apparatus by means of water. The system provides that the minerals we want stay on the top, where they are removed, and the rest sinks to the bottom as sludge. That sludge is then dewatered and reprocessed to remove additional valuable minerals. After all of that, what is left is waste.
In the mining business this waste is called tailings. Historically these tailings were simply dumped on open land. The tailings were acidic and when exposed to rain and snow that acidity seeped downward polluting the groundwater.
GSMining Company LLC - Bates-Hunter Mine and Golden Gilpin Mill Materials and Waste Handling
GS Mining has a system in place to completely avoid any adverse environmental effects of tailings. We return the tailings to the mine. The historical drilling and exploration of the Bates Hunter, as well as our intended use, creates vast empty caverns with the capacity to safely hold our tailings for as long as the mine is in operation. This has the added benefits of improving surface stability. It is a form of recycling, which is exactly what we do at the mill as well as we recycle the water that we use.
ETHICAL MINING
Our mining meets or exceeds all of the standards and requirements of such organizations as Alliance for Responsible Mining, Fairtrade Gold Certification and Fairmined Gold Certificate. We care about our workers and are maintaining systems to assure that their safety and well being are priorities. We care about the environment and are not only dedicated to minimizing mining’s effects, but also to improving the ecosystems in which we operate.
Waste
Tons of rock will be removed from the mine on a daily basis and brought to our mill for processing. The mill crushes the rock and separates the valuable minerals which are shipped to a refinery. The separation is achieved by moving the crushed rock through various apparatus by means of water. The system provides that the minerals we want stay on the top, where they are removed, and the rest sinks to the bottom as sludge. That sludge is then dewatered and reprocessed to remove additional valuable minerals. After all of that, what is left is waste.
In the mining business this waste is called tailings. Historically these tailings were simply dumped on open land. The tailings were acidic and when exposed to rain and snow that acidity seeped downward polluting the groundwater.
GSMining Company LLC - Bates-Hunter Mine and Golden Gilpin Mill Materials and Waste Handling
GS Mining has a system in place to completely avoid any adverse environmental effects of tailings. We return the tailings to the mine. The historical drilling and exploration of the Bates Hunter, as well as our intended use, creates vast empty caverns with the capacity to safely hold our tailings for as long as the mine is in operation. This has the added benefits of improving surface stability. It is a form of recycling, which is exactly what we do at the mill as well as we recycle the water that we use.
ETHICAL MINING
Our mining meets or exceeds all of the standards and requirements of such organizations as Alliance for Responsible Mining, Fairtrade Gold Certification and Fairmined Gold Certificate. We care about our workers and are maintaining systems to assure that their safety and well being are priorities. We care about the environment and are not only dedicated to minimizing mining’s effects, but also to improving the ecosystems in which we operate.