Overview
Status | Inactive / Suspended |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Processing |
|
Mine Life | 7 years (as of Jan 1, 2011) |
The Pirquitas property achieved commercial production in 2009, with mining of the San Miguel open pit ceasing in January 2017. In 2017, Puna Operations processed Pirquitas stockpiles in the Pirquitas processing facilities. |
Deposit Type
- Epithermal
- Breccia pipe / Stockwork
- Vein / narrow vein
Summary:
The Pirquitas deposit is an example of the Ag Sn sub-group of the epithermal class of mineral deposits (Panteleyev, 1996). Also known as Bolivian-type polymetallic deposits, examples of this deposit type are numerous in the Bolivian Silver -Tin Belt that extends between the San Rafael Sn(-Cu) deposit in southern Peru and the Pirquitas deposit in northwestern Argentina.
Bolivian-type Ag-Sn deposits generally consist of sulphide and quartz-sulphide vein systems typically containing cassiterite and a diverse suite of base and trace metals, including Ag in a complex assemblage of sulphide and sulfosalt minerals. The vein systems are generally spatially and likely genetically associated with epizonal (subvolcanic) quartz-bearing peraluminous intrusions one to two kilometres in diameter, although the mineralization may be entirely hosted by the country rocks into which the intrusive stocks were emplaced.
The suite of principal and subordinate ore minerals that characterize this deposit type includes, but is not limited to, pyrite, cassiterite, pyrrhotite, marcasite;,sphalerite, galena, chalcopyrite, stannite, arsenopyrite, tetrahedrite, scheelite, wolframite, andorite, jamesonite, boulangerite, ruby silver (pyrargyrite), stibnite, bismuthinite, native bismuth, molybdenite, argentite, gold and a variety of complex sulfosalt minerals. Metal zoning from depth to surface and from centers outward shows: Sn + W, Cu + Zn, Pb + Zn, Pb + Ag, and Ag ± Au; commonly there is considerable ‘telescoping’ of zones. Oxidized zones may have secondary silver minerals such as Ag halides.
Quartz and sericite are the main gangue minerals, with tourmaline appearing at deeper levels and kaolinite + chalcedony commonly present close to surface. Quartz-sericite pyrite alteration is characteristic of these deposits; it is pervasively developed in certain lithologies and restricted to narrow vein halos in rocks that are less susceptible to reactions with the hydrothermal fluids.
Sn-Ag vein deposits are believed to be the source of cassiterite that has been mined from placer deposits around the world, and the lodes themselves are extensively mined in South America, particularly Bolivia. At present, the San Rafael deposit in southern Peru is the world’s largest and richest underground tin mine, while the Pirquitas deposit is Argentina’s largest silver mine.
The fracture and breccia-hosted mineralization at the Pirquitas Mine consists of Fe and Zn sulphides with accessory cassiterite (Sn oxide) and a large variety of Ag-Sn-Zn (-Pb-Sb-As-Cu Bi) sulphides and sulfosalts. Crystalline quartz, along with chalcedony in the upper levels of the system, and kaolinite are the main gangue minerals in the veins and mineralized breccias. The main sulphides, specifically pyrite, pyrrhotite, sphalerite and wurtzite, form colloform bands parallel to vein margins, which together with crustiform and drusy vein textures suggest that the mineralization is epithermal in origin.
Summary:
Mining of the San Miguel open pit ceased in January 2017. Previously, the Pirquitas mine used a standard open pit mining method and conventional drilling and blasting activities with a pre-split to ensure stable wall rock conditions. RC grade control drilling was used in the pit to define the structurally controlled vein and breccia hosted ore zones. The depth and relatively lower grade of the ore body made the Mineral Reserves and Mineral Resources at the Pirquitas mine amenable for open pit mining.
Source:
Summary:
The Pirquitas mine processing plant consists of primary, secondary and tertiary crushing operations which deliver ore to a stockpile. The maximum crushing circuit throughput is currently around 6,850 tonnes per day, although long-term plans allowing for good maintenance protocols call for rates around 6,000 tonnes per day. Crushed ore is reclaimed into a conventional closed circuit ball milling circuit.
The maximum milling throughput is currently 5,000 tonnes per day. Mill discharge is pumped through a cyclone system and oversize is fed back into the mill for additional grinding. The ground fines are fed into a conditioning and reagent addition tank and then flow into the silver flotation circuit. The tailings from the silver flotation process are routed to a separate conditioning tank and are then directed to the tailings thickener. Tailings are thickened and stored at a permitted facility on-site.
Milling is performed on the feed from the jig plant and can be a ........

Recoveries & Grades:
Commodity | Parameter | 2017 | 2016 | 2015 | 2014 |
Silver
|
Recovery Rate, %
| ......  | ......  | ......  | ......  |
Silver
|
Head Grade, g/t
| 152 | 235 | 250 | 221 |
Zinc
|
Recovery Rate, %
| | | ......  | ......  |
Zinc
|
Head Grade, %
| | | 0.62 | 1.79 |
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Production:
Commodity | Units | 2017 | 2016 | 2015 | 2014 |
Silver
|
koz
| 6,177 | 10,422 | 10,339 | 8,733 |
Zinc
|
k lbs
| | | ......  | ......  |
All production numbers are expressed as metal in concentrate.
Operational Metrics:
Metrics | 2018 | 2017 | 2016 | 2015 | 2014 |
Daily milling capacity
| ......  | | 5,000 t | 5,000 t | |
Tonnes milled
| ......  | ......  | 1,774 kt | 1,557 kt | 1,587 kt |
Total tonnes mined
| ......  | ......  | 9,142 kt | 11,900 kt | 16,391 kt |
Ore tonnes mined
| ......  | ......  | 2,825 kt | | |
Waste
| ......  | ......  | 6,317 kt | 9,090 kt | 14,389 kt |
Daily milling rate
| ......  | ......  | 4,846 t | | |
Stripping / waste ratio
| ......  | ......  | 2.2 | 3.2 | 7.2 |
Daily mining rate
| ......  | ......  | | 36,000 t | |
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Reserves at December 31, 2019:
Category | OreType | Tonnage | Commodity | Grade | Contained Metal |
Probable
|
Stockpiles
|
870 kt
|
Silver
|
63.9 g/t
|
1,789 koz
|
Probable
|
Stockpiles
|
870 kt
|
Zinc
|
1.43 g/t
|
28 M lbs
|
Probable
|
Stockpiles
|
870 kt
|
Gold Equivalent
|
|
48 koz
|
Indicated
|
Stockpiles
|
870 kt
|
Silver
|
63.9 g/t
|
1,789 koz
|
Indicated
|
In-Situ (UG)
|
2,634 kt
|
Silver
|
292.4 g/t
|
24,756 koz
|
Indicated
|
Stockpiles
|
870 kt
|
Zinc
|
1.43 %
|
28 M lbs
|
Indicated
|
In-Situ (UG)
|
2,634 kt
|
Zinc
|
4.46 %
|
259 M lbs
|
Indicated
|
Stockpiles
|
870 kt
|
Gold Equivalent
|
|
51 koz
|
Indicated
|
In-Situ (UG)
|
2,634 kt
|
Gold Equivalent
|
|
594 koz
|
Inferred
|
In-Situ (UG)
|
1,080 kt
|
Silver
|
206.9 g/t
|
7,185 koz
|
Inferred
|
In-Situ (UG)
|
1,080 kt
|
Zinc
|
7.45 %
|
177 M lbs
|
Inferred
|
In-Situ (UG)
|
1,080 kt
|
Gold Equivalent
|
|
267 koz
|
Commodity Production Costs:
| Commodity | Units | 2017 | 2016 | 2015 | 2014 |
Cash costs (sold)
|
Silver
|
USD
|
13.1 / oz†
|
9 / oz†
|
10.7 / oz†
|
12.1 / oz†
|
All-in sustaining costs (sold)
|
Silver
|
USD
|
14.3 / oz†
|
10.2 / oz†
|
12.4 / oz†
|
16 / oz†
|
† Net of By-Product.
Operating Costs:
| Units | 2016 | 2015 | 2014 |
OP mining costs ($/t mined)
|
USD
| 3.69 | 3.47 | 2.94 |
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Financials:
| Units | 2017 | 2016 | 2015 | 2014 |
Sustaining costs
|
M USD
| ......  | ......  |
9.32
|
10.1
|
Revenue
|
M USD
| ......  | ......  |
138.03
|
141.19
|
Operating Income
|
M USD
| | ......  |
-92.1
|
-45.37
|
Corporate Filings & Presentations:
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Aerial view:
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