Mining Intelligence and News
Mexico

San Martin Mine

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Summary

Mine TypeUnderground
StatusCare and Maintenance
Commodities
  • Silver
  • Gold
Mining Method
  • Cut & Fill
Backfill type ... Lock
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SnapshotIn July 2019, First Majestic announced the temporary suspension of all mining and processing activities at the San Martin operation due to a growing level of insecurity in the area. In 2021, First Majestic removed all remaining employees from the site. The mine and plant are currently occupied and under the de facto control of an organized criminal group.

Due to this situation, First Majestic has been unable to carry out care and maintenance activities at San Martin and has limited information regarding the current state of repair of the mine infrastructure, including the tailings storage facility.

The company continues to request assistance from the Mexican Government and the Canadian Embassy to resolve the situation.

Owners

SourceSource
CompanyInterestOwnership
First Majestic Silver Corp. 100 % Indirect
Minera El  Pilón S.A. de C.V. (operator) 100 % Direct
The San Martín Silver Mine owned by the First Majestic Silver Corp's wholly owned indirect subsidiary, Minera El Pilón, S.A. de C.V.

Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The San Martín mine is considered to be a typical example of a low sulfidation epithermal deposit, and the geological model used for exploration as well as the mineral resource estimation is that of a low sulfidation vein type deposit. Epithermal deposits form at shallow depths in volcanic-hydrothermal and geothermal environments, typically at temperatures between 160°C and 300°C (White and Hedenquist, 1995). They define a spectrum with two end members, low and high sulfidation (Hedenquist et al., 1998).

Fluid inclusion microthermometry carried out in sphalerite, quartz and fluorite for the Zuloaga vein indicates average homogenization temperatures and salinities of 297°C and 4.1 wt% NaCl eq (Albinson et al., 2001). The homogenization temperatures and low salinities (diluted fluids) in the Zuloaga vein and the alteration-mineral assemblage (interstratified illite/smectite in Zuloaga and Rosario) are consistent with low sulfidation vein-type deposits described by White and Hedenquist (1995) and Hedenquist et al. (1998). The presence of epidote in Zuloaga, Rosario and Other Veins is also consistent with the homogenization temperatures around 300°C determined for Zuloaga by Albinson et al (2001).

In the opinion of the QP, the deposits in the San Martín mine area are considered to be examples of low sulfidation epithermal deposits. The Miocene age of the mineralization and its association with volcanic rocks of the Upper Volcanic Series is also found for other low sulfidation deposits in Mexico. Additionally, structural-textural features, such as hydrothermal breccias cemented by quartz-calcite, stockworks and cymoid loops, are also common in other low sulfidation epithermal vein-type deposits in Mexico.

Mineralization in the San Martín mine occurs in east–west, northwest–southeast, northeast southwest and north–south fault structures in the form of stockworks, sheeted veinlets, veins, and breccias. The veins in the San Martín mine can be described as fault veins or mineralized faults, given that the amount of gangue minerals such as quartz, calcite, fluorite, epidote, ankerite and adularia are very limited, i.e., they do not form massive or banded veins typical of open space-filling veins.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnits20192018201720162015
Silver Payable metal oz 555,0391,744,3931,820,4751,901,0602,293,525
Silver Metal in doré oz 555,5951,746,1391,822,2971,902,9632,296,965
Gold Metal in doré oz 1,6115,2266,7974,1345,745
Silver Equivalent Metal in doré oz 692,5412,169,3382,322,8352,209,0352,722,059

Operational metrics

Metrics20192018201720162015
Daily milling capacity 1,300 t1,300 t1,300 t1,300 t1,300 t
Ore tonnes mined 101,362 t284,656 t
Waste 113,264 t
Tonnes milled 101,362 t284,656 t278,252 t297,802 t349,193 t
Daily mining capacity 900 t
Daily milling rate 816 t1,000 t

Production Costs

CommodityUnits201920182017
Credits (by-product) Silver USD -4.58 / oz  
Cash costs Silver USD 10.7 / oz  
Total cash costs Silver USD 17.2 / oz   13.2 / oz   11.3 / oz  
Total cash costs Silver USD 13.5 / oz **   9.42 / oz **   6.69 / oz **  
All-in sustaining costs (AISC) Silver USD 18.7 / oz **   12.3 / oz **   9.06 / oz **  
** Net of By-Product.

Operating Costs

Currency2019201820172016
UG mining costs ($/t milled) USD  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units201920182017
Sustaining costs M USD 2.1   4.5   3.6  
Capital expenditures M USD 4.9   9.3   10.8  
Revenue M USD 10.6   33.9   39.7  
Operating Income M USD -9.6   2.4   12.1  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 5, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2013

Aerial view:

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