Mining Intelligence and News
Argentina

Manantial Espejo Operation

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Overview

Mine TypeUnderground
StatusClosing / Closed
Commodities
  • Silver
  • Gold
Mining Method
  • Longhole stoping
  • Mechanized Cut & Fill
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SnapshotManantial Espejo Operation include COSE and Joaquin mines.

The Manantial Espejo, Joaquin and COSE mines in Argentina are in the reclamation phase and mining activity has ceased.

Mining and processing activities at Manantial Espejo largely concluded at the end of 2022 and the operation was placed on care and maintenance in January 2023.
Related AssetsCOSE (Cap-Oeste Sur Este) Mine, Joaquin Mine

Owners

SourceSource
CompanyInterestOwnership
Pan American Silver Corp. 100 % Indirect

Deposit type

  • Vein / narrow vein
  • Breccia pipe / Stockwork
  • Epithermal

Summary:

The mineralized deposits at the Manantial Espejo mine are predominantly veins with short strike slip and larger down dip displacement. The styles of mineralization include massive quartz veins, vein breccias, sheeted and stockwork veining, and minor dissemination. Gold occurs mainly as electrum in pyrite while the silver occurs in a number of forms including argentiferous galena and silver sulphosalts. Sulphides account for up to 3% to 5% ocount for up to 3% to 5% of the rock mass as veinlets and dissemination.

Mineralization at Manantial Espejo is hosted in four main veins known as Maria, Karina/Union, Melissa, and Concepcion. The majority of the mineralization out lined to date is in the Maria Vein. The vein is a thick silica vein exposed on surface fot more than one kilometre and has been intersected at a depth of up to 275 metres. This vein averages 7.8 metres in true wight and ranges from 0.63 metres to 20 metres and is open to the east and at depth. Economic grade mineralization of the vein is less continuous. Open pit economic grade zones measure tens to hundreds of metres in longitudinal dimention, with over 100 metres of vertical extent in the Maria West area.

The Karina/Union Vein is exposed on surface for a distance of 850 metres and has been drilled to a depth of 150 metres. Several interconnected high grade silver-gold epithermal veins in excess of 20 metres true wights have been observed in drillhole intersections.

The Melissa vein is thought to be the extensional component to the Maria shear system. The Melissa Vein has been defined by drill hole along a 300 metres strike lenght and 200 metres down dip and averages from between 1.5 and 2.5 metres wide.

The Concepción Vein is a single quartz vein. Mineralization occurs over a strike lenght of 600 metres and is open at depth and at both ends. The host rocks mineralogy and alteration are similar to the other veins on the property.

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

Manantial Espejo data includes production from the COSE and Joaquin mines.

The year-over-year gold production decrease is due to the lower gold grade ores processed, reflecting the completion of mining operations at COSE in April 2022, whereas the increase in silver production reflects higher grades and ore mining at the Manantial Espejo underground operation and the Joaquin mine in 2022. Mining and processing activities at Manantial Espejo concluded in January 2023.
CommodityUnits202320222021202020192018201720162015
Silver koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,5993,0923,1233,1363,583
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2235456777
All production numbers are expressed as metal in doré.

Operational metrics

Metrics202320222021202020192018201720162015
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe708.6 kt804.4 kt793.5 kt753.6 kt774.9 kt
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,000 t2,000 t
Daily milling rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,150 t

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 19.6 / oz **   14.8 / oz **   18.3 / oz **  
Total cash costs (sold) Silver USD  ....  Subscribe
All-in sustaining costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 18.4 / oz **   16.8 / oz **   23.4 / oz **  
** Net of By-Product.

Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 23.9   29.9   8.6  
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.8   2.8  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 63.3   90.9   111.6  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 6   -5.9  
Pre-tax Income M USD -44.1   -24.4  
After-tax Income M USD -44.2   -25.5  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 15, 2024

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