Focused on Mine Life Extension
The Pirquitas mine is a 100% owned property located in the Province of Jujuy, northern Argentina. It is positioned at an elevation of 4,100 meters above sea level and is accessible by all-weather roads. The mine achieved commercial production on December 1, 2009. It is an open-pit mine utilizing a fleet of 100-tonne trucks and three loading units. Ore is crushed and treated in a gravity pre-concentrator prior to processing in a conventional mineral flotation plant. The silver concentrate produced from the plant is shipped to third party smelters.
Highlights of the Pirquitas mine include:
- Mineral Reserves: Probable Mineral Reserves of 0.4 million ounces of silver at an average grade of 139.2 g/t and 9.2 million ounces of silver in stockpiles at an average grade of 118.1 g/t as at December 31, 2016.
- Mineral Resources: Indicated Mineral Resources of 45.0 million ounces of silver at an average grade of 108.6 g/t, 13.2 million ounces of silver at an average grade of 224.1 g/t at Pirquitas Underground and 9.2 million ounces of silver in stockpiles at an average grade of 118.1g/t as at December 31, 2016.
- Delivered record silver production in 2016: Produced a record 10.4 million ounces of silver .
- 2017 Production guidance: The Pirquitas mine is scheduled to process stockpiles and is expected to produce between 4.5 and 5.5 million ounces of silver in 2017.
- Exploration: Focused on extending the life of current operations.
Bruce Butcher, P.Eng., a Qualified Person and our Director, Mine Planning, has approved the foregoing disclosure on the Pirquitas mine. Please refer to the technical report entitled "NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina" dated December 23, 2011, a link to which is provided below.
Mineral Resources are reported inclusive of Mineral Reserves. Please refer to our Mineral Reserves and Resources Table.
This page contains forward-looking statements. Please see the following link: Legal.