• 2002 - 2006
    Value generated through the development of the mine to production and exploration success
    Acquired by Yamana Gold in April 2006
    Desert Sun Mining track record chartDesert Sun Mining track record chart
  • 2007 - 2009
    Value generated through exploration success and mine development
    Acquired by B2Gold in March 2009
    Central Sun Mining track record chartCentral Sun Mining track record chart
  • 2009 - 2014
    Value generated through resource growth and advancement of mine to construction
    Acquired by Rio Alto in August 2014.
    Sulliden Gold track record chartSulliden Gold track record chart

Project Development Highlights

May 2002
Enters earn-in on Jacobina, spending US$2 MM to earn 51% interest. Historical producing mine with 3.5 MM oz Au mineral resource.

September 2002
Acquires option on remaining 49% Jacobina interest for cash payment of C$5 MM.

August 2003
Buys back Jacobina 1.7% NSR for $200k.

September 2003
Announces positive Jacobina Feasibility Study.
Peter Tagliamonte appointed as COO.
Exercises option to acquire 100% of Jacobina.

May 2004
Expands land holdings in Bahia Gold Belt.

June 2004
Secures $15 MM credit facilty - Jacobina now fully funded.

July 2004
Receives operating permit for Jacobina.

January 2005
Intercepts 21.9 m at 5.46 g/t Au along Bahia Gold Belt.

March 2005
First gold pour at Jacobina.

December 2005
Announces resources of 5.3 MM oz Au at Jacobina.

February 2006
Yamana announces acquisition of Desert Sun for 0.6 Yamana share per Desert Sun share.

October 2007
Sells Cerro Quema (US$6 MM), $26 MM private placement, 3 new directors elected  (Stan Bharti, Joe Milbourne, and George Faught). Proceeds to convert Libertad from heap leach to mill operation and exploration.

January 2008
Reports positive drilling results at Limon (depth and strike extension).

March 2008
Receives full environmental approval for Libertad Mine.

May 2008
Announces positive Libertad Feasibility Study.

July 2008
Drills 15.4 m at 8.76 g/t Au at Limon.

May 2008
Announces US$22.5 MM debt financing. Proceeds intended to complete Libertad construction.

October 2008
Bank terminates debt financing due to Global Financial Crisis.  

May 2008
Announces high grade intercepts at Libertad.

Dec 2008
Announces Linear Gold to merge with Central Sun, 0.4 shares of Linear Gold per share of Central Sun.

Jan 2009
Receives superior offer from B2Gold, 1.28 shares of B2 per share of Central Sun.

June 2010
Granted concession-wide exploration permit for Shahuindo, resolving legacy ownership issues. 

July 2010
Commences drilling activities.

September 2010
Expands mineralization at Shahuindo and identifies potential to extend the mineralized corridor.

November 2010
Reports continued drilling success, intersects 1.29 g/t Au over 48 m.

May 2011
Discovers new mineralized zone at Shahuindo and announces positive drill results.

June 2011
Announces updated resource estimate, increasing oxides 121% to 1.97 MM oz Au and sulphides 397% to 1.44 MM oz Au.

December 2011
Purchases 1.5% NSR on Shahuindo for US$11 MM.

March 2012
Identifies new parallel mineralized structure at Central Corridor (Shahuindo).

September 2012
Announces positive Shahuindo Feasibility Study.

November 2012
Enters $125 MM project finance mandate with Credit Suisse.
Agnico Eagle makes strategic investment of C$24 MM.

September 2013
Receives development approval from Peru's Ministry of Energy and Mines.

May 2014
Announces Rio Alto to acquire Sulliden, Sulliden to receive 0.525 shares of Rio Alto and 0.10 shares of SpinCo (East Sullivan and C$25 MM cash)  per Sulliden Share. SpinCo is named "Sulliden Mining Capital" and begins trading on the Toronto Stock Exchange in August 2014.