Mining Intelligence and News
Peru

Yauricocha Mine

Click for more information

Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Gold
  • Silver
  • Zinc
  • Lead
Mining Method
  • Sub-level caving
  • Overhand Cut & Fill
  • Mechanized Cut & Fill
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotIn 2024, expectations are for Yauricocha to continue to maintain 2023 operating levels while developing the mine below the 1120 level.

On February 21, 2024, the Sierra Metals received its environmental permit to develop and mine below the 1120 level at Yauricocha. This permit is expected to increase throughput, reduce costs, extend mine life.

Ongoing construction of the Yauricocha shaft, set to replace the Mascota and Central shafts.

Owners

SourceSource
CompanyInterestOwnership
Sierra Metals Inc. 81.84 % Indirect
Sociedad Minera Corona, SA (operator) 100 % Direct
Sierra Metals Inc. owns 81.84% of Minera Corona, which in turn owns 100% of the Yauricocha Mine.

Contractors

Lock

- subscription is required.

Deposit type

  • Manto
  • Skarn
  • Breccia pipe / Stockwork
  • Carbonate replacement
  • Hydrothermal
  • Vein / narrow vein

Summary:

The Yauricocha Mine features several mineralized bodies, which have been emplaced along structural trends, with the mineralization itself related to replacement of limestones by hydrothermal fluids related to nearby intrusions. The mineralization varies widely in morphology, from large, relatively wide, tabular manto-style deposits to narrow, sub-vertical chimneys. The mineralization features economic grades of Ag, Cu, Pb and Zn, with local Au to a lesser degree. The majority of the deposits are related to the regional high-angle NW-trending Yauricocha fault or the NE-trending and less well-defined Cachi-Cachi structural trend. The mineralization generally presents as polymetallic sulfides but is locally oxidized to significant depths or related to more Cu-rich bodies.

Formations significant to the Yauricocha Mine include the oldest rocks of the lower Cretaceous Goyllarisquizga arenites; the mid-Cretaceous limestones of the Jumasha Formation; the Celendín Formation which concordantly overlies the Jumasha Formation and contains finely stratified silicic lutites with intercalations of recrystallized limestone; the Casapalca red beds lay concordantly on the Celendín Formation with a gradational contact; and Miocene age intrusions with an average age of about 6.9 Ma.

All of the intrusions have produced metamorphic aureoles in the surrounding rocks. The extent, type, and grade of metamorphism vary greatly with the type of rock intruded. The rocks have been altered to quartzites, hornfelsed lutites, and recrystallized limestones. Locally, the intrusions have produced narrow zones of skarn of variable width. These skarn zones contain epidote, zoisite, tremolite, wollastonite, phlogopite, garnet, chlorite and diopside.

Goyllarisquizga Formation
The oldest rocks exposed in the area are the lower Cretaceous Goyllarisquizga arenites. This formation is approximately 300 m thick and comprises thick gray and white arenites, locally banded with carbonaceous lutites as well as small mantos of low-quality coal beds and clay. In the vicinity of Chaucha, these arenites have near their base interbedded, red lutite. The arenites crop out in the cores of the anticlines southwest of Yauricocha, as beds dispersed along the Chacras uplift, and isolated outcrops in the Éxito zone.

Jumasha Formation
The mid-Cretaceous Jumasha Formation consists of massive gray limestone, averages 700 m thick, and concordantly overlies the Goyllarisquizga Formation. Intercalations of carbonaceous lutites occur at its base near the contact with the arenites. These layers are succeeded by discontinuous lenses of maroon and grey limestone, occasionally with horizons of lutite and chert about 6 m thick. Also present are pseudo-breccias of probable sedimentary origin and a basaltic sill.

Celendín Formation
The Celendín Formation concordantly overlies the Jumasha Formation and contains finely stratified silicic lutites with intercalations of recrystallized limestone of Santoniana age as well as the France Chert. The average thickness in the Yauricocha area is 400 m.

Casapalca Red Beds
The Casapalca red beds lay concordantly on the Celendín Formation with a gradational contact. It has been assigned an age between upper Cretaceous and lower Tertiary, but because of the absence of fossils its age cannot be precisely determined. It is composed primarily of calcareous red lutites, pure limestones, and reddish arenaceous limestone. Lava flows and tuffaceous beds have been occasionally reported.

Mineralization at the Yauricocha Mine is represented by variably oxidized portions of a multiplephase polymetallic system with at least two stages of mineralization, demonstrated by sulfide veins cutting brecciated polymetallic sulfide mineralized bodies. The mineralized bodies and quartzsulfide veins appear to be intimately related and form a very important structural/mineralogical assemblage in the Yauricocha mineral deposit. Comments made herein regarding the characteristics of the Yauricocha district apply directly to the Yauricocha Mine.

Yauricocha mineralization is associated with the Triada (Cu-Mo) porphyry, with a diameter of about 900 m, is located about 300 m East of the Central Mine, on the East side of the Yauricocha Fault. There are several types of intrusions, such as granodiorites, quartz monzodiorites, and monzodiorites with phaneritic and porphyritic textures. Structurally, there are network and stockwork zones with an N110° direction, as well as an E-W direction, with 65° dips to the SE. The most relevant hydrothermal alteration is the intermediate argillic type, which is widely distributed, with clay minerals, illite, kaolin and smectite; phyllic alteration is restricted to fracture zones and quartz veinlets with halos of clays and sericite. Extensive chloritization with disseminated pyrite coexists at the margins.

Mineralization in the Yauricocha district is spatially and genetically related to the Yauricocha stock, a composite intrusive body of granodioritic to quartz monzonitic composition that has been radiometrically dated at late Miocene (approximately 7.5 million years old) (Giletti and Day, 1968). The stock intrudes tightly folded beds of the late Cretaceous Jumasha and Celendín Formations and the overlying Casapalca Formation (latest Cretaceous and Paleocene?). Mineralized bodies are dominantly high-temperature polymetallic sulfide bodies that replaced limestone. Metal-bearing solutions of the Yauricocha magmatic-hydrothermal system were highly reactive and intensely attacked the carbonate wall rock of the Jumasha and Celendín Formations, producing the channels in which sulfides were deposited.

The mineralized zones at Yauricocha are partially to completely oxidized and extend from the surface to below level 1220. Supergene enrichment is closely related to oxidation distribution. Supergene covellite, chalcocite and digenite are found where the sulphide minerals are in contact with oxidized areas.

Mineralization at Yauricocha very closely resembles that typified by polymetallic Ag-Au deposits, which comprise quartz-sulphide-carbonate fissure vein equivalents of quartz-sulphide and carbonate- base metal deposits. These deposits are best developed in Central and South America, where they have been mined since Inca times as important Ag sources. Quartz and pyrite of the quartz-sulphide Au +/- Cu mineralization suite typically occur early in the paragenetic sequence; carbonate-hosted mineralization and some polymetallic Ag-Au veins evolved at a later stage. Predominant controls on mineralization are structural, where dilatational structures, voids resulting from wall rock dissolution, and/or rheologic dissimilarities at contacts between units serve as enhanced fluid pathways for mineralizing solutions.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Production

Lower production numbers in 2022 due to the suspension of operations at the Yauricocha Mine during September.
CommodityProductUnits2024202320222021202020192018201720162015
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe20 17 12 6.3 5.6 
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,165 3,403 2,894 4,664 5,018 
Silver Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,799 1,563 1,653 1,841 1,791 
Zinc Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe81 77 75 55 42 
Lead Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe35 27 28 36 39 
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe312820
Zinc Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe726966
Lead Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe272122
Copper Equivalent Payable metal k lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe67,975
Copper Equivalent Metal in concentrate k lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe78,24250,90344,094
Zinc Equivalent Metal in concentrate k lbs  ....  Subscribe187,672157,151146,816140,928
Silver Equivalent Metal in concentrate koz 7,6566,614
^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,191 t3,162 t2,924 t2,563 t2,378 t
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,150 t3,150 t3,000 t2,800 t2,500 t
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,127,480 dmt1,074,475 dmt1,009,635 dmt847,467 dmt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,116,919 t1,106,649 t1,023,491 t897,169 t832,225 t
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe434,006 t454,528 t

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs (sold) Copper Equivalent USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.12 / lb   1.18 / lb   1.07 / lb  
Cash costs (sold) Zinc Equivalent USD  ....  Subscribe 0.46 / lb   0.52 / oz   0.5 / lb  
Cash costs (sold) Silver Equivalent USD  ....  Subscribe 6.73 / oz   6.22 / oz   6.51 / oz  
All-in sustaining costs (sold) Copper Equivalent USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.91 / lb   1.66 / lb   1.66 / lb  
All-in sustaining costs (sold) Zinc Equivalent USD  ....  Subscribe 0.79 / lb   0.73 / lb   0.78 / lb  
All-in sustaining costs (sold) Silver Equivalent USD  ....  Subscribe 11.5 / oz   8.77 / oz   10.1 / oz  
^ Guidance / Forecast.

Operating Costs

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

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 12.9   7.2   11.6  
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 28   25.2   18.7  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 156   168.7   154.2  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 55.7   76.1   42.4  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 20.2   34.9   18  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 60.2   79.5   74.8  

Heavy Mobile Equipment

Lock

- subscription is required.

EV - Electric

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 31, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 31, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 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 2015

Aerial view:

Lock

- subscription is required.