Mexico

Saucito Mine

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Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Silver
  • Gold
  • Lead
  • Zinc
  • Pyrite
Mining Method
  • Bench & Fill
  • Cut & Fill
Production Start... Lock
Mine Life... Lock
SnapshotDuring 2023, at Saucito, initiatives include efforts to stabilise areas of poor rock quality. New equipment was delivered towards the end of the 2023 year, leading to development rates returning to 3,000m per month in December, an achievement that sets us up well for the year ahead.

One of the main 2024 objectives is to increase the volume of ore processed to the optimal run rate of 7,000 tpd.

The project to deepen the Jarillas shaft from 630 metres to 1,000 metres continued to advance, with further progress made in horizontal development and supporting infrastructure.

Owners

SourceSource
CompanyInterestOwnership
Fresnillo plc. 100 % Indirect
Fresnillo plc is the owner, with 100% ownership.

Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Saucito project comprises a system of epithermal veins containing silver, gold, lead and zinc. The veins are polymetallic, containing gold, silver, lead, zinc and copper mineralization in sulfides.

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

The Pyrites plant at Saucito produced 861 koz of silver and 2.0 koz of gold during the year 2022, higher year-on-year due to the contribution of the Pyrites plant at Fresnillo, partly offset by the decrease in volume of iron concentrates processed from Saucito. Pyrites plant re-process tailings from Fresnillo & Saucito mines.
CommodityProductUnits202320222021202020192018201720162015
Silver Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe17,159,62719,780,72121,215,07221,946,05921,983,852
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe79,53986,09269,94886,19884,884
Lead Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe20,76422,66217,71420,93520,740
Lead Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5764536169
Zinc Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe29,36529,50620,34823,49821,023
Zinc Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6261425043
Silver Equivalent Metal in concentrate M oz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Pyrite Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.080.09

Operational metrics

Metrics202320222021202020192018201720162015
Daily milling rate  ....  Subscribe  ....  Subscribe
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7,800 t7,800 t7,800 t7,800 t6,600 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,600,000 t2,600,000 t2,600,000 t2,600,000 t2,200,000 t
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,752,638 t2,792,057 t2,753,876 t2,635,093 t2,339,096 t

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.3 / oz **   1 / oz **   1.5 / oz **  
All-in sustaining costs (AISC) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 11 / oz **   8.64 / oz **   7.09 / oz **  
** Net of By-Product.

Operating Costs

Currency20232022202120202019201820172016
UG mining costs ($/t milled) USD 141.2  119.5  89.8  72  67.8  60.1  47.6  36.8  

Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 126.4   148.4   133.7  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 493.4   492   504.2  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 238.1   274.5   315.2  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 27, 2024
....................... Subscription required ....................... Subscription required Subscription required Jun 3, 2024
....................... Subscription required ....................... Subscription required Subscription required May 27, 2024

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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