Mining Intelligence and News
Peru

Condestable Operation

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Condestable Operation

Location: 6 km SW from Mala, Peru

Address:

Av. Manuel Olguín 501,
Santiago de Surco
Lima
Peru
15023

Contacts:

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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.
Related Asset

Owners

SourceSource
CompanyInterestOwnership
Southern Peaks Mining LP 99.1 % Indirect
Compania Minera Condestable S.A.A. (operator) 100 % Direct
Compañía Minera Condestable (CMC) is a subsidiary of the Southern Peaks Mining (SPM) group, operating the Condestable Accumulation Mining Unit, named as such because it consists of two adjacent mines, Condestable and Raúl, which were integrated in 2013.

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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Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

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 26, 2025
....................... Subscription required ....................... Subscription required Subscription required Oct 31, 2025
....................... Subscription required ....................... Subscription required Subscription required Oct 31, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required 2023
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Aerial view:

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