Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
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Mining Method |
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Production Start | ... |
Mine Life | 2029 |
Santana open-pit, heap-leach mine in Sonora that is currently going through its operational ramp up.
During Q2 of 2023, the Company’s mining contractor scaled up their equipment and workforce during April and May following the shift from development activities earlier in the year towards more normal production levels activities in the second half of the year.
The Company continues to utilize existing leach pad space while waiting for the pending permit amendments that would allow the construction of a large pad expansion effectively tripling initial pad capacity at Santana. Plans are being finalized to initiate construction activities in Q4 allowing for a return to much improved and consistent 2024 production guidance. |
Latest News | Minera Alamos Provides Santana Operations Update April 16, 2024 |
Source:
p. 1,2
Minera Alamos Inc. holds a 100% interest in the Santana project through its subsidiary Corex Gold Corporation.
Contractors
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Summary:
The main mineralized zones of the Santana project exhibit strong, low-sulfidation alteration characterized by pervasive and structurally controlled sericite-quartz-calcite alteration with associated disseminated iron oxides, quartz vein stockworks and clay alteration. Numerous historical pits and small underground workings are evident in the area. Gold and silver mineralization is controlled by both lithologic and structural features and presents itself at the Nicho and Nicho Norte zones as mineralized elliptical sub-vertical hydrothermal breccias that are 300-500 m in diameter and hosted in stocks and batholithic intrusions.
The breccias typically outcrop at surface. As part of its ongoing exploration activities the Company is engaged in a systematic review of the entire project area to identify additional surface expressions with the potential for resource definition.
Summary:
Santana mine is a conventional open pit mine.
Mining activities commenced in June 2021 but were constrained initially due to access limitations based on the topography of the Nicho Norte starter pit location. These limitations continue to decrease as additional benches are extracted and mining production levels expand accordingly.
Mineralized material from the early phases (June/July) was placed on the leach pad and utilized as test material for the final commissioning/optimization of the project processing equipment.
The primary focus of the early ramp-up operations at Nicho Norte is to move the mine into commercial production while efficiently minimizing the upfront capital requirements. The scale of mining operations will continue to increase as the available working area for equipment in the starter pit expands with depth. In addition, the amount of mineralized material available for gold extraction (as a % of the total material stacked on the leach pad) will also continue to increase. Currently, a significant portion of this material (and the contained gold) is unavailable for recovery as it is located in areas being utilized as working surfaces for equipment to stack new material on the leach pad. This situation will continue to improve as the ramp-up continues.
Source:
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Summary:
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Source:
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Production:
Commodity | Units | 2022 | Avg. Annual (Projected) | LOM (Projected) |
Gold
|
koz
| ...... | 37 | 296 |
All production numbers are expressed as metal in doré.
Commodity Production Costs:
| Commodity | 2022 |
Cash costs
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Gold
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......
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Financials:
| Units | 2022 |
Revenue
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M CAD
| ...... |
Operating Income
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M CAD
| ...... |
Gross profit
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M CAD
| ...... |
After-tax Income
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M CAD
| ...... |
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News:
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