Mining Intelligence and News
Mexico

Herradura Mine

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Herradura Mine

Location: 81 km NW from Caborca, Sonora, Mexico

Regional Office:

Callejon Sin Nombre 209 Oeste Entre Ave. N y P Col. Centro
Heroica Caborca
Sonora, Mexico
83600

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotHerradura is one of Mexico’s largest open pit gold mines.

The Carbon in Column project to increase gold recovery from the old leaching pads was commissioned in 2Q 2023. Ramp-up started in 2H 2023 with a few adjustments being required during the period.

Construction of the 15th leaching pad was delayed as its location was under review to consider the growth of the pit.

The objective for 2024 is to continue focusing on expanding the tailings dam and constructing the 15th leaching pad.

Owners

SourceSource
CompanyInterestOwnership
Fresnillo plc. 100 % Indirect
Minera Penmont, S. de R.L. de C.V (operator) 100 % Direct
La Herradura is operated by Penmont which is a wholly-owned subsidiary of Fresnillo.

Deposit type

  • Vein / narrow vein
  • Mesothermal

Summary:

The mineralization comprises of gold-bearing, mesothermal style, high-angle quartz-iron oxide veins and stockworks.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits202320222021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe482,722474,168473,638520,366398,866
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,563,0601,523,453551,476637,775525,757

Operational metrics

Metrics202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe22,926 kt22,157 kt26,027 kt25,159 kt22,875 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe124,486 kt124,024 kt130,025 kt118,841 kt117,033 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe22,926,542 t22,156,792 t26,027,466 t25,158,600 t22,875,421 t

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 818.6 / oz **   504 / oz **   492.9 / oz **  
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 963 / oz **   806.73 / oz **   807.66 / oz **  
** Net of By-Product.

Operating Costs

Currency20232022202120202019201820172016
Total operating costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 37.5   116   153.2  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 693.9   608.2   606.8  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 218.7   323   355.6  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 23, 2024
....................... Subscription required ....................... Subscription required Subscription required May 23, 2024
....................... Subscription required ....................... Subscription required Subscription required May 23, 2024
....................... Subscription required ....................... Subscription required Subscription required May 23, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2018
...... Subscription required ...... Subscription required ...... Subscription required 2017
...... Subscription required ...... Subscription required ...... Subscription required 2016
...... Subscription required ...... Subscription required ...... Subscription required 2015

Aerial view:

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