The Jerritt Canyon consists of the permitted Jerritt Canyon processing plant and four producing gold mines, including the Smith mine, the SSX mine, the Saval II mine and the West Generator mine.
The First Majestic announced the temporary suspension of mining activities at Jerritt Canyon on March 20, 2023 due to ongoing challenges such as contractor inefficiencies, high costs, inflationary cost pressures, lower than expected head grades and multiple extreme weather events that limited plant throughput.
During the suspension, the Company intends to process approximately 45,000 tonnes of aboveground stockpiles through the plant. Exploration activities are expected to also continue throughout 2023. |