Mining Intelligence and News
Colombia

Quinchia Gold(Miraflores) Project

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Overview

Mine TypeUnderground
StagePermitting
Commodities
  • Gold
  • Silver
Mining Method
  • Longhole open stoping
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SnapshotThe Quinchia Gold Project comprises a cluster of porphyry and epithermal gold-copper targets, all situated within a 3km radius. The project’s Mineral Resources are underpinned by three key deposits: Tesorito, Miraflores, and Dosquebradas.

In October 2023, CARDER, the Environmental Authority of Colombia's Risaralda state, approved LCL's Environmental Impact Assessment (EIA) for the Miraflores deposit and issued an Environmental Licence.

The 2017 Miraflores Feasibility Study, which formed the basis for the Environmental Licence, outlines an underground mining operation feeding a 0.47 Mtpa processing plant. Notably, the plant design does not include the near-surface Tesorito porphyry gold deposit, located less than 1km east of Miraflores, or the Dosquebradas Resource, situated approximately 2km to the northwest.

Owners

SourceSource
CompanyInterestOwnership
LCL Resources Ltd. 100 % Indirect
Quinchia Gold Project is 100% owned by LCL Resources Ltd.

Contractors

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Deposit type

  • Porphyry
  • Epithermal

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 magmatic hydrothermal Au (Cu) and Au-Ag (Pb, Zn, Cu) deposit types are associated with the geochemical and cooling history of the porphyry bodies.

The Quinchia Gold Project comprises a cluster of porphyry and epithermal gold-copper targets each located within a 3km radius, underpinned by Mineral Resources from three deposits Tesorito, Miraflores and Dosquebradas. Miraflores is an advanced component of the Quinchia Gold Project.

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

CurrencyAverage
UG mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/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

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