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Philippines

Padcal Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Gold
Mining Method
  • Block caving
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Mine Life... Lock
SnapshotThe Padcal mine is the first underground block cave operation in the Far East. The mine is producing copper concentrates, with gold and silver as by-products.

During 2023, Philex started implementing a re-fleeting program for critical equipment to support the extended mine life.

Philex is studying the viability of exhausting reserves in the Padcal under the current drain tunnel, which could extend Padcal’s mine life beyond 2027.

Owners

SourceSource
CompanyInterestOwnership
Philex Mining Corp. (operator) 100 % Indirect

Contractors

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Deposit type

  • Porphyry

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 was also intersected in one of the holes collared at the northeast, hosted in a sericitized quartz-gypsum vein in meta- andesite and located at approximately -150 meter level.

Two major north-northeast striking, southeast dipping structures played an important role in the formation of the Sto. Tomas II orebody; these are namely the Sta. Fe Fault and the Albian Fault. The latter is considered to be the conduit of mineralization, with the fault splitting into three branches at the orebody. However, no prominent exposure of the fault was observed at the mining levels. The Sta. Fe Fault on the other hand is the main structure affecting the behavior of the intrusive complex at depth, intercepting the orebody from 908 meter level downwards. Mineralization within the Sta. Fe Fault occurs in short intervals related to the gougy and sheared zones, as intercepted by different drillholes. Sulfides are observed as fracture fills as well as disseminated grains usually within the gouge material. The fault is interpreted to be pre- to syn-mineralization in timing, which would place it contemporaneously with the introduction of the structurally-controlled gold-rich zone.

The Sto. Tomas II orebody forms a roughly pipe-like deposit having lateral dimensions of 500 meters by 550 meters and a vertical extent of 730 meters. Copper and gold mineralization at levels above 745 meter level is generally focused within the main intrusives, with the occurrence of the quartz diorite body at 600 meter level causing an abrupt drop in both copper and gold grades. Subsequent mineralization below 745 meter level was observed to be within the wallrock-intrusive contact zones with extensions into the meta-andesite. Recent drilling from 773 meter level has also delineated the extent of the main intrusives up to around 400 meter level, where the said lithologies seemed to have "floored" into the meta-andesite. Evidences of a post-mineralization occurrence of the Sta. Fe Fault brought up the possibility of the truncation of the orebody at depth. Given the fault’s normal sense with a minor right-lateral component, a possible truncated half of the deposit might be situated to the northeast of the present location of the orebody.

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

CommodityProductUnits20232022202120202019201820172016
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe56586573
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe26273035
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe53,06461,97784,638103,304

Operational metrics

Metrics20232022202120202019201820172016
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8,112,791 t8,516,915 t8,673,474 t9,359,161 t

Production Costs

CommodityUnits2023202220212020201920182017
Total cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.54 / lb   2.5 / lb   2.16 / lb  
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,296 / oz   1,112 / oz   929 / oz  

Operating Costs

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

Financials

Units2023202220212020201920182017
Capital expenditures M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,083   1,776   1,749  
Revenue M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 7,399   8,314   9,985  
Operating Income M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -127   820   2,365  
After-tax Income M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -647.8   608.5   1,658  
EBITDA M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,664   2,493   3,977  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 22, 2024

EmployeesYear
...... Subscription required 2020
...... Subscription required 2019

Aerial view:

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