Philippines

Runruno Mine

Click for more information

Categories

Overview

Mine TypeOpen Pit
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life2025
ShapshotFurther development of the Runruno project in Stages 4 and 5 are dependent upon the successful removal of a small number of illegal gold miners, and their structures, that still remain on Group owned land in those areas. Although the resettlement of these illegal miners is substantially complete, the delay in doing so has necessitated changes to the mining schedule.

Owners

SourceSource
CompanyInterestOwnership
FCF Minerals Corp. (operator) 100 % Direct
Metals Exploration Plc. 100 % Indirect
Metals Exploration Plc is a mineral resources exploration and development company. It owns 100% of the Runruno Gold Project located in the north of the Philippines.

FCF Minerals Corporation operates the Runruno Gold Molybdenum Project. FCF Minerals is 100% owned by Metals Exploration Plc.

Deposit type

  • Intrusion related
  • Breccia pipe / Stockwork

Summary:

Runruno project resides within the Caraballo district, whose geology largely consists of pre Cretaceous to Early Cretaceous basement rocks consisting of ophiolite and schist underlying Late Cretaceous to mid-Miocene age volcanics, volcanoclastics and sedimentary rocks. The strata are intruded by the Upper Miocene Palali – Cordon Complex which is overlaid by Pleistocene lava flows, pyroclastics, marine sediment and Pliocene Matuno Formation.

Structurally speaking, the region is largely cut north south and moderate to shallowly dipping extensional structures. The area also has NW-trending, steep crosscutting arc-parallel faults which are interpreted as strike slip features. The area has undergone intrusion and uplift subsequent to and during the formation of the Palali-Cordon Alkali Intrusive Complex and is interpreted as an intra-arc basin.

Runruno sits at the intersection of the borders of two district-scale calderas, major NW and NE fault lines and a number of small volume, late composite volcanic centres. Mineralization at Runruno is hosted by a shallow-dipping fault zone of potassically-altered sericitized and brecciated tuffs and andesites which have been variably pyritized and silicified. Gold mineralization is preferentially hosted within fractures, faults, and breccias.

The style of gold mineralisation in Runruno is mostly as fine disseminations associated with pyrite and/or molybdenite. The original of the mineralisation is believed to be fault controlled. Gold mineralisation is hosted by low angle structures enveloped by bluish to gray colour altered wall rock containing fine-grained sulphides, molybdenite and tennantite. Gold occurs both as megascopic native particles and as microscopic inclusions in pyrite. The small nature of these intrusions results in the gold mineralisation at Runruno being refractory.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Production

CommodityUnits2023202220212020201920182017
Gold oz 00000000000000000000000000000048,08136,006
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202220212020201920182017
Stripping / waste ratio 0000000000004.97 4.05
Ore tonnes mined 00000000000000000000000000001,623,413 t1,815,669 t
Waste 000000000000000000000000000008,061,853 t7,644,821 t
Total tonnes mined 000000000000000000000000000000009,685,266 t9,460,490 t
Tonnes milled 00000000000000000000000000001,655,368 t1,687,811 t

Production Costs

CommodityUnits20232022202120202019
All-in sustaining costs (sold) Gold USD 0000 0000 0000 0000 1,281 / oz  
C1 cash costs (sold) Gold USD 000 000 000 941 / oz  
^ Guidance / Forecast.

Financials

Units202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 61.4   45  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -13.1   -7.3  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -164.5   -12.4  

Heavy Mobile Equipment

Lock

- subscription is required.

Personnel

Mine Management

Source Source
Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Jul 19, 2023

Total WorkforceYear
Subscription required 2022
Subscription required 2021
Subscription required 2020
Subscription required 2019
Subscription required 2018
Subscription required 2017

Aerial view:

Lock

- subscription is required.