The Rawhide mine is located approximately 50 miles from Fallon, along the Walker Lane Trend, in Nevada amidst multiple historic mines. These operations, including Comstock, Round Mountain, Borealis, and Tonapah, produced more than 1M ounces of gold. Rawhide was formerly operated asa subsidiary of Kennecott Corporation prior to Coral Reef Capital, a private investment firm based in New York City, partnering with the Rawhide mine management team to acquire the property from Rio Tinto Plc in 2010.
Rawhide is a fully permitted open pit heap leaching operation that would produce gold and silver doré. Operations are currently under care and maintenance due to financial difficulties faced by the operator. Since 1990, more than 1.96MM gold equivalent ounces have been produced.
Rawhide is fully permitted for expansion with numerous identified exploration targets and thus, it has the potential to increase both the life of mine and production scale. As a privately owned operation, there is no publicly available mineral resource estimate for Rawhide.