The Colomac Mine was a privately owned and operated open pit gold mine located 200 km northwest of Yellowknife in the Northwest Territories in Canada. It operated between 1990–1992, and 1994–1997. It was operated by Neptune Resources Limited, which had little success in making a profit during its operation. In 1994, the mine had reopened under Royal Oa…The Colomac Mine was a privately owned and operated open pit gold mine located 200 km northwest of Yellowknife in the Northwest Territories in Canada. It operated between 1990–1992, and 1994–1997. It was operated by Neptune Resources Limited, which had little success in making a profit during its operation. In 1994, the mine had reopened under Royal Oak Mines Inc. Both Neptune Resources and Royal Oak Mines were both owned and operated by Peggy Witte. Due to low gold prices and high cost of mining, Royal Oak Mines was forced into bankruptcy. The Federal Government of Canada became owners of the mine, along with the related environmental issues. A major cleanup effort was completed to prevent the mine from polluting the environment. On January 26, 2012, Nighthawk Gold Corporation completed an agreement to acquire 100% of the mineral claims and leases of the former producing Colomac Gold Mine and surrounding mineral leases, from then Aboriginal Affairs and Northern Development Canada now Crown Indigenous Relations and Northern Affairs Canada. The Colomac Property lies within the central portion of Nighthawk Gold’s 930 square kilometre property. Nighthawk Gold has since been responsibly exploring and advancing the Colomac Gold Project with the goal to restart gold mining operations in the future, assuming positive economics and the receipt of operating permits.
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