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 . The Colomac mine operated between 1990–1992, and 1994–1997. It was operated by Neptune Resources Limited that 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 where 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 (Colomac Property), from then Aboriginal Affairs and Northern Development Canada (AANDC) now Crown Indigenous Relations and Northern Affairs Canada (CIRNAC). 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. Production The Colomac Mine processed a total of almost 12,300 Megagrams of ore, and produced 16.7 Megagrams (535,708 troy ounces) of gold, with an approximate value of $916 million. This figure is based on 2012 gold prices, averaging close to USD $55,000 per kg. In April 2007, Indian and Northern Affairs Canada engaged the Professional Services company Deloitte & Touche LLP to become their solicitor, in order to find another independently-owned and -operated company to acquire the idle mine as well as the resources on the land it occupied. To generate interest, they featured the mine as holding 6.6 Teragrams of untapped resources, a gold processing mill and related equipment, a maintenance building, a dorm room styled housing complex, power and fuel storage facilities, and mobile equipment (rock trucks, excavators and loaders). It was also featured on the popular reality television show Ice Road Truckers. Cleanup After being shut down in 1997 and abandoned shortly after by Royal Oak Mines, it transferred into the Canadian Government's hands and responsibility in mid-December 1999. In accordance with water licensing