Mining Intelligence and News
Peru

El Brocal (Colquijirca) Operation

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
  • Zinc
  • Lead
  • Copper
Mining Method
  • Longhole stoping
  • Sub-level open stoping (SLOS)
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotColquijirca (El Brocal) exploits two adjoining mines: Tajo Norte (Colquijirca), an open-pit operation that produces silver, lead, zinc and copper ores; and Marcapunta, an underground mine that produces copper minerals.

On October 3, 2023, Buenaventura announced that they submitted a notice to the Peruvian Ministry of Energy and Mines (MINEM) for the temporary suspension of mining activities at Tajo Norte mine.

Production at Tajo Norte continued through the first quarter of 2024. However, open pit mining operations have been delayed until 2025 pending the receipt of necessary permits. While mining could potentially begin in 2025 if permitting is secured, the current Life of Mine (LOM) plan schedules production from 2035 (Year 1) with ore production from 2037 through 2041 (Year 7).
Related AssetsMarcapunta Mine, Tajo Norte Mine

Owners

SourceSource
CompanyInterestOwnership
Sociedad Minera El Brocal S.A.A. 38.57 % Indirect
Compania de Minas Buenaventura S.A.A. 61.43 % Indirect
Sociedad Minera El Brocal (El Brocal) (operator) 100 % Direct
Colquijirca is held within the operating entity, Sociedad Minera El Brocal (El Brocal), of which Buenaventura is a 61.43% owner with the remaining 38.57% ownership controlled by Sociedad Minera EL Brocal S.A.A.

Sociedad Minera El Brocal, a subsidiary company of Buenaventura, operating the Colquijirca Unit.

Contractors

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Deposit type

  • Epithermal
  • Breccia pipe / Stockwork
  • Porphyry
  • Carbonate hosted

Summary:

The Colquijirca mine consists of three important polymetallic deposits:
* Tajo Norte–Sur, which contains zinc, silver, lead, copper and gold;
* Marcapunta, which contains an auriferous mineralization in breccia oxides and an arsenic copper enargite mineralization as a continuation of the mineralized mantles of the Marcapunta mine;
* San Gregorio, which contains zinc.

The mineral deposits of the Colquijirca Mining District, known as Cordilleran deposits, are porphyry copper related deposits.

The Colquijirca Mining District is situated on a stratigraphic sequence comprising rocks from the Excelsior Group phyllites, sandstones, and red conglomerates of the Mitu Group.

Over the years, the progression of mining has exposed the Colquijirca deposit, facilitating geological identification of the Tertiary basin. The area is characterized by asymmetric anticlines and synclines composed of carbonate and detrital rocks, attributed to the Eocene-Oligocene Calera Formation, which serves as the primary host of mineralization. The deposit also features volcano-clastic intercalations, such as ash tuffs, providing evidence of volcanic activity contemporaneous with sedimentation.

The Marcapunta diatreme-dome complex, located at the centre of the Colquijirca Mining District (Sillitoe 2000; Bendezú et al. 2003; Sarmiento 2004), is one of several Miocene volcanic edifices, including Cerro de Pasco and Yanamate. This complex consists of multiple dacitic lava-dome intrusions, accompanied by injections and explosion breccias and pyroclastic layers typical of diatreme conduits. These features are widely observed at depth.

Peripheral areas are marked by inward-dipping normal faults, suggesting that the entire volcanic edifice collapsed, likely before the main mineralization episodes (Bendezú et al. 2003).

Alteration
The generalized alteration of the diatreme-dome complex consists of quartz-alunite-dickitekaolinite ± pyrophyllite-zunyite-illite assemblages in mineralized areas, transitioning to kaoliniteillite ± (smectite)-sericite-chlorite-calcite assemblages outside of mineralized zones.

In the Marcapunta Volcanic Complex, advanced alteration has resulted in the formation of residual quartz cores, which are locally vuggy, surrounded by advanced argillic alteration halos dominated by quartz-alunite and kaolinite assemblages. Gold and silver, present mainly in veins and as oxide coatings, are predominantly contained within these vuggy quartz cores, which extend into the surrounding country rock.

The vuggy silica can be subdivided into quartz-alunite and argillic alteration zones that affect much of the Marcapunta area volcanic rocks. Quartz-alunite alteration is observed to post-date Au-(Ag)-bearing veins in several areas, suggesting that repeated episodes of silica-quartzalunite vuggy alteration and Au-(Ag) deposition occurred at Marcapunta.

Mineralization
The Colquijirca Mining District hosts two primary types of epithermal mineralization:
• Disseminated high-sulphidation Au-(Ag) mineralization hosted in volcanic rocks of the Marcapunta Complex.
• Sulphide-rich Cordilleran type polymetallic mineralization hosted in the carbonate rocks of the Pucará Group and Pocobamba Formation.

High Sulphidation Au-(Ag) Epithermal
High-sulphidation mineralization consists of oxide veinlets and disseminations hosted in vuggy silica. Typical gold and silver concentrations within vuggy silica range from 0.2 g/t to 3.0 g/t and 10 g/t to 70 g/t, respectively, with Ag/Au ratios varying from 10 to 30 (Vidal et al. 1997).

In the deeper portions of the vuggy silica, unoxidized Au-(Ag) mineralization is associated with less than 5% disseminated sulphides by volume. These sulphides form veins predominantly composed of pyrite-enargite, chalcocite, covellite, and sphalerite, accompanied by clays such as kaolinite, smectite, and/or illite.

Vuggy silica and surrounding quartz-alunite zones without veinlets contain minor amounts of Au-(Ag), indicating that most of the precious metals precipitated during veinlet formation.

Cordilleran Epithermal
Cordilleran epithermal deposits are characterized by high total sulphide content, comprising 30% to 50% of the volume on average. Pyrite is the most abundant mineral, forming during an early silica-pyrite stage, followed by enargite-pyrite, and concluding with late-stage chalcocite (Bendezú 2007).

Strongly oxidized zones, initially composed of enargite-pyrite, exhibit Ag/Au ratios ranging from 80 to 120, significantly higher than the 10 to 20 ratios observed in the disseminated Au-(Ag) minerals at Marcapunta.

Cordilleran-type mineralization in the Colquijirca Mining District exhibits distinct mineralogical zoning:
• Core zone: Cu-(Au-Ag), dominated by enargite, often associated with alunite assemblages.
• Intermediate zone: Cu-(Zn-Pb-Ag-Bi), dominated by chalcopyrite, sphalerite, and galena.
• External envelope: Zn-Pb-(Ag), composed primarily of sphalerite and galena.

Cordilleran type veins systematically cut the precious metal veins in the easternmost part of the Marcapunta Oeste project. Quartz-alunite zones formed during the high-sulphidation epithermal event contain Au-(Ag) veins, which were subsequently intersected by pyrite-rich veinlets (enargite) generated during the Cordilleran event.

The Colquijirca deposit comprises three distinct mineralized zones.
• The deepest part of the southwest sector of the North Pit exhibits a core with a tubular shape, primarily composed of enargite, along with varying amounts of pyrite and quartz.
• Surrounding the core is an envelope containing chalcopyrite and variable amounts of tennantite, as well as sphalerite and galena.
• This envelope is, in turn, surrounded by an extensive zone predominantly composed of sphalerite and galena. The latter zone, which extends predominantly to the north of the district, constitutes the bulk of the Colquijirca deposit (North Pit) currently under exploitation.

To the south of the North Pit, the enargite core extends for over 2 km, thickening and widening as it approaches the Marcapunta Volcanic Complex.

The Marcapunta Norte sector, located immediately south of the North Pit, represents an extension of the Colquijirca deposit. This sector is characterized by two internal zones:
• An enargite-dominated zone.
• A polymetallic zone, consisting of chalcopyrite, tennantite, sphalerite, and galena.

Unlike areas further south, the Marcapunta Norte sector has undergone supergene enrichment. This process has led to the formation of chalcocite bodies that have been superimposed on the enargite zone and, to a lesser extent, on the polymetallic zone. This enrichment has created a sector of relative mineralogical complexity, particularly in terms of intergrowth.

The Central Upper stratabound mineralized structure is hosted within the carbonate rocks of the Middle Member of the Calera Formation. Main features of this unit are:
• A sub-horizontal stratiform geometry with a strike of N160° and a dip of 6°N. It has an approximate length of 520 m, a width of 270 m, and an average thickness of 21 m. Breccia bodies and veins that intersect bedding are uncommon.
• Primarily consists of enargite with variable amounts of pyrite. Minor phases include luzonite, colusite, and small occurrences of chalcocite, tennantite, ferberite, and bismuthinite. The enargite-luzonite (Cu3AsS4) grades range between 1% and 3% Cu and 0.3% and 1% As. Silver grades range from 15 g/t to 30 g/t, while some internal sectors contain gold values between 0.3 g/t and 0.7 g/t. Gangue minerals include quartz, alunite, zunyite, and clays such as kaolinite, dickite, illite, and smectite.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnits20252024202320222021202020192018201720162015
Gold Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe19 21 23 24 11 
Silver Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,366 3,902 4,084 2,635 3,670 
Copper Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe43,394 46,231 45,097 49,170 32,061 
Zinc Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe43,58045,59351,51157,38553,319
Zinc Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8993
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe175183
Lead Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe23,59920,58220,31312,86018,854
Lead-Silver Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5042
^ Guidance / Forecast.

Operational metrics

Metrics20252024202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,334,038 t6,633,879 t5,687,581 t6,111,885 t5,064,478 t
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe16,700 t
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe20,000 t20,000 t20,000 t18,000 t
Waste OP+UG  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,334,038 t6,633,879 t5,687,581 t6,111,885 t5,064,478 t
^ Guidance / Forecast.

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs (sold) Zinc USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2,071 / t   1,569 / t   1,915 / t  
Credits (by-product) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs (sold) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 5,385 / t   5,487 / t   5,119 / t  
Cash costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 12.6 / oz  
Credits (by-product) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,317 / oz  
Cash costs (sold) Lead USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,230 / t  
All-in sustaining costs (sold) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
** Net of By-Product.

Mine Financials

Units20242023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 28.3   29.6   61.1  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 299.3   333.6   322.7  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -37   36.5   25.8  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -10.8   37   68.3  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -48.2   26.7   14.3  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -32.9   7.6   10.4  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Book Value M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 8, 2025
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Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
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...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2018
...... Subscription required 2017

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