Colombia

Miraflores Project

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Categories

Overview

Mine TypeUnderground
StagePermitting
Commodities
  • Gold
  • Silver
Mining Method
  • Longhole open stoping
Backfill type ... Lock
Mine Life... Lock
SnapshotThe Company is progressing PEA related studies for its 2.6Moz1 Quinchia Project and EIA submissions based on the advanced Miraflores underground project (part of Quinchia Project) as described in the 2017 Miraflores DFS.

Owners

SourceSource
CompanyInterestOwnership
LCL Resources Ltd. 100 % Indirect
Miraflores Compania Minera SAS 100 % Direct
MCM (Miraflores Compañia Minera SAS) is a 100%- owned subsidiary of North Hill Holdings Group Inc., owned as to 100% by Los Cerros.

Deposit type

  • Porphyry

Summary:

From a metallogenetic standpoint, mineralisation in the Quinchía district is genetically linked to the emplacement of a cluster of Miocene-aged hypabyssal porphyry bodies. A variety of magmatichydrothermal Au (Cu) and Au-Ag (Pb, Zn, Cu) deposit types are associated with the geochemical and cooling history of the porphyry bodies.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. Annual
Gold oz 48,000
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Daily processing capacity 1,300 t *
Annual processing capacity 474,500 t *
Waste tonnes, LOM 415 kt *
Ore tonnes mined, LOM 4,326 kt *
Total tonnes mined, LOM 5,026 kt *
Tonnes processed, LOM 4,326 kt *
* According to 2017 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Gold USD 643 / oz *  
C1 cash costs Gold USD 599 / oz *  
Assumed price Silver USD 18 / oz *  
Assumed price Gold USD 1,300 / oz *  
* According to 2017 study / presentation.

Operating Costs

Currency2017
UG mining costs ($/t milled) USD 27.9 *  
Processing costs ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2017 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Feb 15, 2024

Total WorkforceYear
...... Subscription required 2017

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