A little history available on wiki The Paulsens mine has 140 employees.[7] Ore is mined in underground operations along two headings and treated on-site.[8] The ore could also have been mined through open-cut mining but NuStar decided on an underground approach because of its lower establishment costs and an earlier positive cash flow.[1] The mine has a production target of 70,000 to 80,000 ounces per annum with a throughput of approximately 320,000 tonnes of ore per annum.
A number of the components of the plant were second-hand, including a ball mill from the Higginsville Gold Mine.[1]
In December 2008, the mine delivered the final ounces under existing hedge arrangements at A$627, now allowing the mine to enjoy full exposure to the spot gold price.[9]
The mine was expected to cease production in early 2010, when its currently known resources were depleted. Intrepid was aiming to extend the mine life by further exploration drilling. In the first half of 2009, the mine has produced 44,656 ounces of gold. The plant was placed in care and maintenance in February 2010, but recommenced production in June.[10]
Intrepid sold the mine to Northern Star Resources in July 2010 for A$40 million.[2]
Production[edit]
Annual production of the mine:
| Year | Production | Grade | Cost per ounce |
| 2005[11] | 33,935 ounces | 8.76 g/t | A$ 438 |
| 2006 | 73,736 ounces | 7.93 g/t | A$331 |
| 2007[12] | 71,464 ounces | 7.38 g/t | A$357 |
| 2008[13] | 78,252 ounces | 7.8 g/t | A$478 |
| 2009 | 75,089 ounces | | |
| Jan - June 2010 | 13,670 ounces | | |
soon we will be doing this on a monthly basis