Overview
Stage | Production |
Mine Type | Underground |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 2024 |
Padcal's mine life was initially projected to end by 2014 and was extended to 2022. However, after completing technical and financial studies, Philex decided to further extend Padcal Mine’s life for another two years or up to December 31, 2024. This is meant to optimize the remaining mineral resources of the Sto. Tomas II ore body. |
Source:
p. 6
Contractors
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Summary:
The different prospects within the vicinity of Padcal can be generally divided into copper-gold porphyry prospects and the gold vein prospects. Sto. Tomas II, Bumolo, Bumolo 2/Sta. Fe, Southwest, Southwest Breccia and Tapaya fall under the copper-gold porphyry prospects while Butan, Midway and Copper Queen are classified within the gold vein prospects.
Mineralization within the Sto. Tomas II orebody is associated with the various diorite porphyry stocks (Dark diorite, Clear diorite, Andesite porphyry, and Quartz diorite/Tonalite) which have intruded the basement meta-andesite wallrocks of the Pugo-Zigzag Formation. These intrusive stocks are said to be related to the diorite and dacite porphyries of the Black Mountain Quartz Diorite. Among the porphyry stocks in the area, the dark diorite (DD) is the principal ore bearing rock. The inter-mineral clear diorite on the other hand is less mineralized than DD. The andesite porphyry (AP) is characteristically low in copper but high in gold while the post-mineral quartz diorite (QD/tonalite) is almost devoid of both copper and gold. Subsequent exploration drilling activities discovered a structurally controlled gold-rich, copper-poor zone at 400-500 meter level was also discovered at the northeast fringe of the orebody. It has an apparent thickness of 117 meters along drillhole intercepts and is noted to occur in CD and some meta-andesite. Likewise a deeper gold-rich interval of post-porphyry copper-gold mineralization wa ........

Summary:
LHD Block Caving will be continually employed in the remainder of the operating life of Padcal. The method has been used successfully for 50 years now and has undergone modernization from its roots of slusher machines.
Load-Haul-Dump (LHD) mining is a system of ore extraction in block caving using the Low Profile Loaders. It was introduced at 908 ML on May 1996 after a series of consultation with block caving experts and by 1999, Philex became a full LHD block caving operation.
Ore passing through transfer raises that are remotely located relative to crusher stations are collected at the Re-handling Level at 840ML. The ore is then hauled by 30-tonner Low- Profile Trucks (LPTs) and subsequently dumped at LTRs that lead to the Crushing Level at 773ML.
There are two (2) jaw crushers at the 773ML, the 4-4 Crusher Station and the 2-4 Crusher Station. Ore fragments bigger than 20cm in diameter report to the crushers for size-reduction.
Ore of suitable size drops to the Haulage Level at 745ML where they are carried by five (5) Feeder Belt Conveyors (FBCs). The FBCs feed two (2) collecting bins thate discharge onto the sacrificial conveyor then to the 2.7-km long Cable Hauled Conveyor (CHC).
Finally, the ore is transported by the CHC to the surface and discharged into the dump bin at the 1015ML.
Source:

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Flow Sheet:
Summary:

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Reserves at December 31, 2021:
Padcal Mine Mineral Resources Cut-off grade = 0.274%CuEq
Category | Tonnage | Commodity | Grade | Contained Metal | Recoverable Metal |
Proven
|
24.9 Mt
|
Copper
|
0.18 %
|
M lbs
|
78.8 M lbs
|
Proven
|
24.9 Mt
|
Gold
|
0.23 g/t
|
oz
|
136,000 oz
|
Measured & Indicated
|
180 Mt
|
Copper
|
0.18 %
|
730 M lbs
|
|
Measured & Indicated
|
180 Mt
|
Gold
|
0.31 g/t
|
1,800,000 oz
|
|
Inferred
|
11 Mt
|
Copper
|
0.17 %
|
43 M lbs
|
|
Inferred
|
11 Mt
|
Gold
|
0.26 g/t
|
92,000 oz
|
|
Commodity Production Costs:
| Commodity | Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Total cash costs
|
Copper
|
USD
|
......
|
......
|
......
|
2.5 / lb
|
2.16 / lb
|
1.72 / lb
|
Total cash costs
|
Gold
|
USD
|
......
|
......
|
......
|
1,112 / oz
|
929 / oz
|
919 / oz
|
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Operating Costs:
| Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Direct operating costs ($/t milled)
|
PHP
| 718 | 698 | 724 | 705 | 687 | 649 |
Total operating costs ($/t milled)
|
PHP
| ......  | ......  | ......  | ......  | ......  | ......  |
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Financials:
| Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Capital expenditures
|
M PHP
| ......  | ......  | ......  |
1,776
|
1,749
|
1,636
|
Revenue
|
M PHP
| ......  | ......  | ......  |
8,314
|
9,985
|
10,272
|
Operating Income
|
M PHP
| ......  | ......  | ......  |
820
|
2,365
|
2,478
|
After-tax Income
|
M PHP
| ......  | ......  | ......  |
608.5
|
1,658
|
-926.2
|
EBITDA
|
M PHP
| ......  | ......  | ......  |
2,493
|
3,977
|
3,854
|
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Type | Material | Diameter | Length | Description |
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