gold mine


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gold mine

1. Literally, a mine where gold ore is found and excavated. Also written as "goldmine." More than 500 workers have become trapped in a gold mine after a minor earthquake cause the mineshaft to collapse.
2. An enterprise, opportunity, or resource that is or has the potential to be extremely profitable. The social networking site has since become a veritable gold mine, attracting millions of new users every month and generating staggering amounts of money from ad revenue. If we can secure the merger deal with the pharmaceutical giant in London, I'm sure it will prove to be a gold mine!
3. A person, place, or thing containing a plentiful amount of something valuable or desirable. Who knew that my grandfather's attic would turn out to be a gold mine of priceless antiques? This database is a gold mine for anyone interested in medical research trials. Our professor is a gold mine of information about medieval French literature.
See also: gold, mine

gold mine

A rich, plentiful source of wealth or some other desirable thing, as in That business proved to be a gold mine, or She's a gold mine of information about the industry. [First half of 1800s]
See also: gold, mine

a ˈgold mine

a business or an activity that makes a large profit: That Internet cafe of his is a real gold mine.
See also: gold, mine
References in periodicals archive ?
Sukari Gold Mine will be one of the major 25 gold mines in the world in terms of production.
With the opening of the Sivrihisar gold mine in Eskisehir, and Efemcukuru gold mines in Izmir in 2011 the number of gold mines in Turkey will reach 7 and annual gold production will reach 30 tons," said Kose.
Downie was expecting to close a deal this month with Kinross Gold to buy the Lupin gold mine and mill, 155 km south of Ulu.
gold mines is an environmental horror story: 264,000 gallons of cyanide waste spilled into rivers at Gold Quarry, Nevada in 1997; 11,000 fish died in Lynches River, South Carolina after a spill from the Brewer gold mine in 1992; seven tons of cyanide tailings spilled into Whitewood Creek, South Dakota in 1998.
In 1998 between 6 and 7 tons of cyanide-tainted tailings leaked from a South Dakota gold mine into the Black Hills' Whitewood Creek, damaging the stream for years to come, says Moran.
In northern Peru for example, at Latin America's largest gold mine, Newmont Corporation has come to be seen as a latter day Conquistador by the campesinos who live in the area.
After costs, our Red Lake gold mine is generating $200,000 (US) per day in net free cash," says Chris Bradbrook, vice-president, corporate development.
The Red Lake district was delivered a blow when TVX Gold announced that it will not proceed with further development at the old Cochenour-Willans gold mine.
The Lingbao Jinshan Gold Mine consists of a non-exploited, formerly state-owned (Lingbao Gold Bureau) and now privatized medium size gold mine with fully equipped mining infrastructure including rail facilities for main haulage and subordinate machinery for secondary haulage.
Abcourt's other prize asset is their 100% interest in the past producing (1947 - 1966) Elder gold mine located 60 miles from their silver zinc project in Northwestern Quebec.
The Acquisition consists of a non-exploited, formerly state-owned and now privatized medium size gold mine with fully equipped mining infrastructure including rail facilities for main haulage and subordinate machinery for secondary haulage.
The closing of this Acquisition increases Asian Dragon's combined holdings to over 11 million potential ounces of gold, confirmed through local geological reports compiled on Asian Dragon's Jinjishan, Shizhaigou and Loning Gold Mines.
Bernardo is currently preparing the design and construction drawing of the proposed Hydro-electric power plant that could possibly supply the electrical power requirements for the Cagayan De Oro Gold Project-Binasan Gold Mine Site in particular.
In order to facilitate planned future expansion, Asian Dragon has successfully completed the next stage of upgrades to the Jinjishan Gold Mine concentration mill and to the administration buildings and surrounding surface property (collectively the 'Luogold Mill').
OTCBB:AADG) (FWB:P2J1) (WKN:A0KE7Z) is pleased to announce the execution of the formal agreement for the joint venture to develop the Shizhaigou Gold Mine, whereby Asian Dragon will earn a 70% interest of the joint venture.