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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

Summary

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 2025 objectives of the Herradura mine:
- Continue metallurgical analysis for sulphides to optimise recovery.
- Advance phase 2 of the Operational Excellence programme to capture further efficiencies and cost reduction initiatives.
- Complete engineering of the Carbon In Column project for dynamic leaching plants and start construction.
- Complete engineering and start early works for Valles underground mine.
- Increase the resource base and convert resources into reserves.

Owners

SourceSource
CompanyInterestOwnership
Industrias Peñoles SAB de CV 74.99 % Indirect
Minera Penmont, S. de R.L. de C.V (operator) 100 % Direct
La Herradura is operated by Penmont, a wholly owned subsidiary of Fresnillo.

Fresnillo plc is 75% owned subsidiary of Industrias Peñoles SAB de CV.

Fresnillo plc is listed independently on the London Stock Exchange (LSE) and the Mexican Stock Exchange (BMV), and has its own management team, administrative structure, and governing bodies.

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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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits2024202320222021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe482,722474,168473,638520,366398,866
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,563,0601,523,453551,476637,775525,757

Operational metrics

Metrics2024202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe22,926 kt22,157 kt26,027 kt25,159 kt22,875 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe124,486 kt124,024 kt130,025 kt118,841 kt117,033 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe22,926,542 t22,156,792 t26,027,466 t25,158,600 t22,875,421 t

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs (sold) Gold Equivalent USD  ....  Subscribe
Cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 818.6 / oz **   504 / oz **   492.9 / oz **  
All-in sustaining costs (sold) Gold Equivalent USD  ....  Subscribe
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 963 / oz **   806.73 / oz **   807.66 / oz **  
** Net of By-Product.

Operating Costs

Currency202420232022202120202019201820172016
Total operating costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units20242023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 37.5   116   153.2  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 693.9   608.2   606.8  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 218.7   323   355.6  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 28, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 12, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 12, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 12, 2025

Workforce

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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