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Mexico
Santa Elena Mine (Ermitaño (Ermitano) Expansion)

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 Location:
130 km NE from Hermosillo, Sonora, Mexico

  Address:

Pueblo Banamichi
Sonora, Mexico
84880
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Fax01-(662)-285-7357
WebsiteWeb
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Overview

StageProduction
Mine TypeUnderground
Commodities
  • Silver
  • Gold
Mining Method
  • Cut & Fill
  • Longhole stoping
  • Avoca
  • Backfill
Production Start...
Mine Life2027
The Santa Elena Mine operation consists of the Santa Elena and Ermitaño underground mines.


Owners

Source: p. 39
CompanyInterestOwnership
First Majestic Silver Corp. 100 % Indirect
Nusantara de Mexico, S.A. de C.V. (operator) 100 % Direct
The mine is owned and operated by Nusantara de Mexico S.A. de C.V. (Nusantara), which is an indirectly wholly-owned subsidiary of First Majestic Silver Corp. (First Majestic).

Contractors

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Deposit Type

  • Breccia pipe / Stockwork
  • Vein / narrow vein
  • Epithermal
  • Volcanic hosted


Summary:

The Santa Elena mine project gold and silver deposits form as prominent east–west-trending veins and associated breccias in sub-aerial felsic volcanic rocks. The Santa Elena Main Vein is delineated by drilling along a 1,950 m strike length and 750 m down dip.

Silver and gold mineralization at the Santa Elena mine is hosted in quartz veins and stockworks displaying typical epithermal textures, including banded quartz, vuggy quartz, and brown–black bladed calcite (pseudomorph to quartz) with many of these textures intermixed with hydrothermal breccia.

Other gangue minerals include calcite, adularia, chlorite, and fluorite. Rhodonite has been noted at approximately 530 m vertical depth. Bonanza ore shoots appear to be locally present but have not been delineated in detail. A trend of higher grades and thicker veining is apparent with a plunge of approximately 25° to the east. Up to 200 m of a pyrite and calcite matrix breccia in the hanging wall andesite proximal to the Main Vein has been intersected.

Sulphide abundance is generally low within the veins but can be as much as 5–30%. The sulphides are dominantly pyrite and pyrrhotite with minor galena, sphalerite, and chalcopyrite. Gold occurs typically as native gold, electrum, and silver occurs as electrum, minor acanthite, and rare native silver.

Alteration within the Santa Elena mine deposit is widespread. The volcanic units in the immediate vicinity of the veins exhibit pervasive p ........


Mining Methods

  • Cut & Fill
  • Longhole stoping
  • Avoca
  • Backfill


Summary:

The Santa Elena mineral deposits vary in dip, thickness, and geotechnical conditions along strike and dip. Multiple underground mining methods are required to achieve efficient extraction of mineralized material. The mining methods commonly used in the Santa Elena mine are sublevel longhole stoping (Longhole), longhole avoca (Avoca) and Cut-and-Fill. The method assigned to a vein depends on the vein characteristics and rock mass characteristics (for example width, dip, and rock competence, among others). Depending on the selected mining method, the production rate is adjusted to reflect the various productivities.

Longitudinal Longhole
Longitudinal longhole mining is suitable where the dip of the orebody is 45° or greater, and the mineralized material is of sufficient width and grade that the estimated dilution does not eliminate the profitable recovery of the ore. Longitudinal longhole mining consists of an undercut level and an overcut level, each accessed from the main ramp or a transportation drift. Each sill is accessed perpendicular from the ramp, and then developed along strike of the vein to the economic extents of the ore. Once sill development is completed on each level, a longhole rig drills production holes between the sills, which are then blasted in retreating vertical slices until the stoping panel is completed. Stope panel lengths are based on a hydraulic radius calculation considering the geotechnical conditions of the area.

Once th ........


Crushing and Grinding
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Processing

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Summary:

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Production:

CommodityProductUnits2022202120202019201820172016
Silver Metal in doré koz  ......  Subscription required ^  ......  Subscription required  ......  Subscription required  ......  Subscription required2,2232,2822,599
Gold Metal in doré koz  ......  Subscription required ^  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Silver Equivalent Metal in doré koz  ......  Subscription required ^  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Silver Equivalent Payable metal koz  ......  Subscription required  ......  Subscription required
Silver Payable metal koz  ......  Subscription required
^ Guidance / Forecast.
Subscription required - Subscription is required.

Operational Metrics:

Metrics202120202019201820172016
Tonnes milled  ......  Subscription required  ......  Subscription required875,435 t899,370 t927,737 t988,060 t
Daily milling capacity  ......  Subscription required  ......  Subscription required3,000 t2,750 t2,750 t3,000 t
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Reserves at December 31, 2021:
Metal prices considered for Mineral Reserves estimates were $22.50/oz Ag and $1750/oz Au.
The cut-off grade used to constrain the Mineral Resource estimate was 90 g/t Ag-Eq for Santa Elena and 65 g/t Ag-Eq for the heap leach pad. The cut-off grades used were based on actual and budgeted operating and sustaining costs. The NSR cut-off value used to constrain Mineral Resources for the Ermitaño zone domains was $90.79.

CategoryOreTypeTonnage CommodityGradeContained Metal
Proven Total 609 kt Silver 118 g/t 2,300 koz
Proven Total 609 kt Gold 2.48 g/t 48.7 koz
Proven Total 609 kt Silver Equivalent 357 g/t 6,980 koz
Probable Total 3,948 kt Silver 75 g/t 9,490 koz
Probable Total 3,948 kt Gold 2.78 g/t 353 koz
Probable Total 3,948 kt Silver Equivalent 373 g/t 47,310 koz
Proven & Probable Total 4,557 kt Silver 80 g/t 11,790 koz
Proven & Probable Total 4,557 kt Gold 2.74 g/t 401.7 koz
Proven & Probable Total 4,557 kt Silver Equivalent 371 g/t 54,290 koz
Measured Total 842 kt Silver 141 g/t 3,820 koz
Measured Total 842 kt Gold 2.2 g/t 59.6 koz
Measured Total 842 kt Silver Equivalent 327 g/t 8,850 koz
Indicated Total 4,964 kt Silver 94 g/t 14,960 koz
Indicated Total 4,964 kt Gold 3.04 g/t 484.5 koz
Indicated Total 4,964 kt Silver Equivalent 388 g/t 61,960 koz
Measured & Indicated Total 5,806 kt Silver 101 g/t 18,780 koz
Measured & Indicated Total 5,806 kt Gold 2.92 g/t 544.1 koz
Measured & Indicated Total 5,806 kt Silver Equivalent 379 g/t 70,810 koz
Inferred Total 4,831 kt Silver 91 g/t 14,080 koz
Inferred Total 4,831 kt Gold 2.36 g/t 366 koz
Inferred Total 4,831 kt Silver Equivalent 322 g/t 49,980 koz

Commodity Production Costs:

CommodityUnits202220212020201920182017
Credits (by-product) Silver USD -23.6 / oz  
Cash costs Silver USD 21.4 / oz  
Total cash costs Silver Equivalent USD  ......  Subscription required&nbs  ......  Subscription required  ......  Subscription required  ......  Subscription required
Total cash costs Silver USD  ......  Subscription required  ......  Subscription required 23.7 / oz   22.1 / oz  
Total cash costs Silver USD  ......  Subscription required†  ......  Subscription required† 0.5 / oz†   -1.54 / oz†  
All-in sustaining costs (AISC) Silver Equivalent USD  ......  Subscription required&nbs  ......  Subscription required  ......  Subscription required  ......  Subscription required
All-in sustaining costs (AISC) Silver USD  ......  Subscription required†  ......  Subscription required† 4.54 / oz†   2.22 / oz†  
^ Guidance / Forecast.
† Net of By-Product.
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Operating Costs:

Units2021202020192018201720162015
Combined mining costs ($/t milled) USD 19.315.115.9
Processing costs ($/t milled) USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
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Financials:

Units202120202019201820172016
Sustaining costs M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 8.4   8  
Capital expenditures M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 18.9   18   15.2  
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 83.1   92.5   95  
Operating Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 18.6   25.2   35.8  
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Heavy Mobile Equipment as of June 30, 2021:
HME TypeModelSizeQuantity
Jumbo ....................... Subscription required
Loader ....................... Subscription required ....................... Subscription required
Loader ....................... Subscription required ....................... Subscription required
Loader ....................... Subscription required ....................... Subscription required
Loader ....................... Subscription required ....................... Subscription required
Loader ....................... Subscription required ....................... Subscription required
Truck (underground) 20 t ....................... Subscription required
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Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 18, 2022
....................... Subscription required ....................... Subscription required Subscription required Apr 18, 2022
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Staff:

Total WorkforceYear
Subscription required 2021

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
Annual Information Form 2018
Annual Report 2018
Corporate Presentation 2018
Press Release 2018
Corporate Presentation 2017
Form 40-F 2017
Annual Report 2016
Financial Review 2016
Form 40-F 2016
Project Description 2016
Form 40-F 2015
Pre-Feasibility Study Report 2015
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