• Data Access
  • Your Email  
  • Your Email  
Keep me signed in.
Forgot your password?
Close
  • Forgot Your Password?
  • Enter the email you signed up with and we'll email it to you.
  • Your Email  
Close
Back
MDO
Mining Data Solutions
  • Home
  • Database
  • Subscribe
  • Sign In
  • Sign In
Armenia
Kapan Mine

This page is not tailored to
devices with screen width under 750 px.
 Location:
0 km from Kapan, Armenia

  Address:
4 Gortsaranayin Street, Syunik Region
Kapan
Armenia
3302
Phone  ...  Subscription required
EmailEmail
WebsiteWeb
Additional Resources for Suppliers & Investors
Drill results over 30 g/t Au
Stay on top of recent discoveries.
Search drill results by commodity and grade.
Largest mines in the Americas
Mining and mill throughput capaciites.
Full profiles of select mines and projects.
Deepest underground mines
Shaft depth and mill throughput data.
Full profiles of select mines and projects.
Heavy mobile equipment
HME type, model, size and quantity.
Full profiles of select mines and projects.
Permitting and construction projects
Projects at the permitting or construction stage. Full profiles of select projects.
Mines with remote camps
Camp size, mine location and contacts.
Full profiles of select mines and projects.
Mines & projects in Armenia
A list of country's mines and projects.
Full profiles of select mines and projects.
  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

Thank you for browsing through mine profiles compiled by the Mining Data Online team.

Would you like to subcribe or schedule a Demo?
  • Name:
     
  • Company:
     
  • Position:
     
  • Phone:
  • Email:
  • Message:

Overview

StageProduction
Mine TypeUnderground
Commodities
  • Gold
  • Silver
  • Copper
  • Zinc
Mining Method
  • Sub-level stoping
Production Start...
Mine Life10 years (as of Jan 1, 2021)
Management has identified an adjacent area to the existing mine from a review of the historical database (62 holes, 22km of drilling). The East Flank requires further definition drilling to provide a JORC compliant resource for mine planning purposes (conversion to reserve). Initial timeline to implementation is approx. 2 years subject to funding and capex requirements. East Flank could provide quality ore to the mill from H2 2022.


Owners

Source: p. 78
CompanyInterestOwnership
Chaarat Gold Holdings Ltd. 100 % Indirect
Polymetal International plc completes the previously announced sale of Kapan to Chaarat Gold Holdings Limited (AIM: CGH) for a total consideration of US$ 55 million.

Following satisfaction of all outstanding conditions to closing and requisite regulatory approvals, the Transaction was completed on 30 January 2019.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Vein / narrow vein
  • Hydrothermal


Summary:

In the Kapan mining district, mineralisation dominantly occurs as two styles – as chalcopyritepyrite veins and stockworks and poly-metallic vein systems hosted by a volcano- sedimentary rock sequence.

The Shahumyan deposit exhibits numerous syn-volcanic dykes and sills of andesitic to gabbroic composition. Such intrusions are pre-mineralisation. Pre-mineralisation dykes often have mineralised contacts and are always subject to propylitic alteration or higher grade (typically within contacts of veins or major structures).

At Shahumyan mineralisation is hosted by a suite of sub-parallel veins, the current interpretation of the deposit includes in excess of a hundred veins. In many cases the continuity of these veins is yet to be established and future drilling will be important to validate the current model. Regardless, development along and across the vein system has confirmed the prevalence of approximate east-west strikes and steep dips of the veins.

Hydrothermal-altered breccia units are also notable within the deposit makeup. Such breccias are generally found on the eastern flank of the deposit and contain polymictic clasts (andesite, basalt, dacite) within a sulphide rich matrix. Mineralised clasts can be found which are thought to have occurred due to precipitation of sulphides within vesicular lithologies.

Mineralisation within the Shahumyan deposit is characterized by narrow veins (0.2 – 2.0 m), steeply dipping and strik ........


Mining Methods

  • Sub-level stoping


Summary:

Access into the mine is via two decline ramps, one to access the south section of the mine, and one to access the north section. Each decline has a portal at 780 mL (all levels are expressed as metres above sea level). Previous access into the mine was via vertical shafts. These shafts are still evident, but no longer provide any facility.

Crosscuts are developed from each of the declines to intersect the veins at approximately 90° in plan. Mine levels are at 10 m vertical intervals. Veins are near vertical. As each economic vein is intersected, a vein drive is developed along the vein to open up working faces.

Sub-level open stopes are opened up along the vein drives. Each stope is typically 40 m high and 60 m along strike. Production blast holes are drilled upwards from the lower sub-level, and consist typically of 2-3 parallel holes. Current drilling is with Tamrock bar-mounted pneumatic rigs and a recently introduced Atlas Copco Simba drill jumbo. Stope holes are blasted into an initial stope raise and the stope is opened up from there. Rib pillars are left between stopes, and crown pillars are left between 40 m vertical stopes. These pillars are not presently recovered. On completion of each stoping area, i.e. an area of around 60 m on strike and 40 m in vertical height, the stope is available for filling with waste. All mine development waste is disposed of this way. The waste is not treated in any way, but does provide some support to the stope ro ........


Crushing and Grinding
Source: Subscription required

- subscription is required.


Processing

Source: Subscription required

Summary:

- subscription is required.


Production:

CommodityUnits202120202019201820172016
Gold koz  ......  Subscription required  ......  Subscription required  ......  Subscription required282814
Silver koz  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Copper M lbs  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Zinc M lbs  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Gold Equivalent koz  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
All production numbers are expressed as metal in concentrate.
Subscription required - Subscription is required.

Operational Metrics:

Metrics202120202019201820172016
Ore tonnes mined  ......  Subscription required  ......  Subscription required678,382 t637 kt527 kt287 kt
Annual mining capacity  ......  Subscription required  ......  Subscription required400 kt
Tonnes processed  ......  Subscription required  ......  Subscription required733,860 t636 kt530 kt293 kt
Annual processing capacity  ......  Subscription required  ......  Subscription required750 kt
Subscription required - Subscription is required.

Reserves at June 1, 2021:
Ore Reserves are based on a gold equivalent cut-off of 2.0g/t Au.

CategoryTonnage CommodityGradeContained Metal
Proven & Probable 2.55 Mt Gold 1.66 g/t 136 koz
Proven & Probable 2.55 Mt Silver 33.17 g/t 2,716 koz
Proven & Probable 2.55 Mt Copper 0.34 % 8.7 kt
Proven & Probable 2.55 Mt Zinc 1.25 % 31.9 kt
Proven & Probable 2.55 Mt Gold Equivalent 3.22 g/t 263.7 koz
Measured & Indicated 1.995 Mt Gold 4.69 g/t 301 koz
Measured & Indicated 1.995 Mt Silver 90.65 g/t 5,815 koz
Measured & Indicated 1.995 Mt Copper 0.96 % 19.16 kt
Measured & Indicated 1.995 Mt Zinc 3.7 % 73.145 kt
Measured & Indicated 1.995 Mt Gold Equivalent 9.03 g/t 579 koz
Inferred 3.497 Mt Gold 3.37 g/t 379 koz
Inferred 3.497 Mt Silver 76.46 g/t 8,596 koz
Inferred 3.497 Mt Copper 0.79 % 27.626 kt
Inferred 3.497 Mt Zinc 2.71 % 94.769 kt
Inferred 3.497 Mt Gold Equivalent 6.89 g/t 775 koz

Commodity Production Costs:

CommodityUnits202120202019201820172016
Cash costs Gold Equivalent USD 987 / oz   871 / oz   900 / oz  
All-in sustaining costs (AISC) Gold Equivalent USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 1,131 / oz   1,292 / oz   1,264 / oz  
Subscription required - Subscription is required.

Financials:

Units202120202019201820172016
Capital expenditures M USD 7   24   8  
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 61   66   29  
Operating Income M USD  ......  Subscription required  ......  Subscription required
Pre-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
After-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
EBITDA M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 11   20   6  
Subscription required - Subscription is required



Heavy Mobile Equipment as of August 2, 2022:
HME TypeModelSizeQuantity
Bolter ....................... Subscription required
Bulldozer ....................... Subscription required ....................... Subscription required
Drill ....................... Subscription required ....................... Subscription required
Drill ....................... Subscription required ....................... Subscription required
Drill ....................... Subscription required ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required 3.1 cu. m ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required 1.5 cu. m ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required 3.1 cu. m ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required 1.9 cu. m ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required
Truck (dump) ....................... Subscription required 30 t ....................... Subscription required
Truck (dump) ....................... Subscription required 20 t ....................... Subscription required
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 3, 2022
....................... Subscription required ....................... Subscription required Subscription required Aug 3, 2022
Subscription required - Subscription is required.

Staff:

EmployeesYear
Subscription required 2017
Subscription required 2016

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2019
Annual Report 2018
Annual Report 2017
Annual Report 2016
Management Discussion & Analysis 2016
Technical Report 2014
Subscription required - Subscription is required.

Subscription required - Subscription is required.

Terms of Use Privacy Policy © 2017-2023 MDO Data Online Inc.