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Peru

Condestable Operation

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Condestable Operation

Location: 6 km SW from Mala, Peru

Address:

Calle Miguel Dasso 104 – Of. 301 A. San Isidro
Lima
Peru

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Silver
  • Gold
Mining Method
  • Sub-level stoping
  • Longhole stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotCondestable is an iron oxidecopper-gold deposit with two contiguous mines – Condestable and Raúl Condestable is the first medium-sized underground mining operation in the world to obtain the Copper Mark certification.

An NI 43-101 Feasibility Study supports a planned expansion to 10,000 tpd, with the environmental permit for the expanded capacity expected in H1 2026.

CMC are pioneers in Peru as the first underground mine to have a fleet of electric vehicles.

By 2025, Compañía Minera Condestable is making significant progress in implementing a filtered tailings plant, which will extend the mine's operational life by approximately 30 additional years.

The filtered tailings plant will also increase the amount of recycled water used in operational processes.
Latest NewsRio2 Completes Acquisition of the Condestable Mine     January 30, 2026
Related Asset

Owners

SourceSource
CompanyInterestOwnership
Rio2 Ltd. 99.1 % Indirect
Compania Minera Condestable S.A.A. (operator) 100 % Direct
On Jan. 30, 2026, Rio2 Limited announced the successful acquisition of a 99.1% interest in the Condestable mine located in Peru. Rio2 acquired the Condestable Mine from Southern Peaks Mining L.P.

Contractors

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SourceSource

Deposit type

  • Manto
  • IOCG
  • Breccia pipe / Stockwork

Summary:

Condestable is an iron oxidecopper-gold (IOCG) deposit with two contiguous mines – Condestable and Raúl. The deposit is located in the Lower Cretaceous volcano-sedimentary belt on the central coast of Peru.

Its lithology consists of complex sequences of andesitic flows, pyroclastic rocks, volcanic breccias, shales and calcareous horizons, which are affected by intrusives of dioritic and andesitic composition. The ore mineralization that occurs in mantos and breccias consists mainly of chalcopyrite (with associated gold and silver), along with pyrite, pyrrhotite, magnetite, and smaller quantities of bornite.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Water usage

Parameter202420232022202120202019
Groundwater 1,702,881 m31,902,785 m32,428,981 m31,887,121 m31,957,717 m32,600,693 m3

Commodity Production

CommodityProductUnits20242023202220212020
Copper Payable metal dmt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Payable metal koz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold Payable metal koz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Equivalent dmt  ....  Subscribe  ....  Subscribe  ....  Subscribe

Operational metrics

Metrics20242023202220212020
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Production Costs

CommodityUnits2020
C1 cash costs Copper Equivalent USD  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025
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....................... Subscription required ....................... Subscription required Subscription required Oct 31, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
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Aerial view:

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