Mexico

Rodeo Mine

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Overview

Mine TypeStockpile
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life2023
ShapshotMining activities at Rodeo’s pit concluded in June 2023, and the Company is now processing stockpiled mineralized material.

Golden Minerals Company began selling slag, a by-product of the Rodeo mine’s smelting process, during the second quarter of 2023.

Owners

SourceSource
CompanyInterestOwnership
Golden Minerals Company 100 % Indirect
The Project consists of an open pit mine that is held by Minera de Cordilleras S.A. de R.L. de C.V., and an oxide processing plant (Plant 2) that is held by Minera William S.A. de R.L. de C.V. Both Minera Cordilleras and Minera William are wholly owned subsidiaries of Golden Minerals.

Contractors

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Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Rodeo property hosts gold- and silver-bearing mineralization commonly associated with a low-sulfidation (adularia-sericite) epithermal mineralizing system. Epithermal systems are defined to occur from depths of less than 2 km to superficial hot spring settings. Mineral deposition occurs as hydrothermal fluids undergo cooling and degassing and are commonly zoned vertically over 250 to 350 m from a base metal-poor, gold- and silver-rich top to a relatively silver-rich base metal zone and an underlying base metal-rich zone grading at depth into a sparse base metal, pyritic zone.

The immediate Rodeo deposit area is approximately 300 m along strike and 200 m wide and extends to a depth of 200 m below surface. The deposit strikes at 330° and dips to the ENE with various vein phases dipping from sub-vertical to 30°. The deposit is entirely hosted within Tertiary Rodeo volcanics that are strongly silicified and brecciated. The deposit is bounded to the east by the Rodeo Fault, however drilling to date has not demonstrated that the deposit reaches or is truncated by the fault. Along strike to the north and south, the mineralization is offset slightly by near vertical faulting; mineralization does not terminate at these faults, but the intensity of the trend is either diminished or high-grade mineralization has yet to be located.

Mineralization at the deposit is epithermal low-sulfidation (quartz-adularia) type. Although very little mineralization is hosted in or centered on the Rodeo Fault itself, it is possible that the fault played a role as a pathway at depth for the Rodeo deposit. Quartz veins 15 m or greater in width have been located throughout the property. The high-grade Au mineralization appears limited to a distinctive veining event. Evidence of ancillary veining events pre- and post-dating the high-grade event carry low-grade to anomalous level of Au mineralization.

The gold event is associated with a restricted vein stage characterized by small smoky quartz veinlets cut by banded blue opaline quartz and later brecciated and cemented by glassy smoky quartz hosting very fine disseminated pyrite. In the main zone, the veinlets generally trend NNW and dip steeply to the east or west, but the core angle in some drill holes suggests these veins may also have developed along ENE to EW structures. The envelope of the high-grade event appears to be restricted to a preferential volcanic layer or elevation (or both). Movement on the Rodeo Fault is likely responsible for the current orientation of the envelope.

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

CommodityProductUnits202320222021LOM (Projected)
Gold Payable metal oz 0000000033,540
Silver Payable metal oz 000000000088,871
Gold Metal in doré oz 000000000033,879
Silver Metal in doré oz 000000000089,769
Gold Equivalent Metal in doré oz 0000000000
Gold Equivalent Payable metal oz 34,328
^ Guidance / Forecast.

Operational metrics

Metrics202320222021
Daily processing rate 000000000
Tonnes processed 00000000000000000
Hourly processing rate 000
Total tonnes mined 000000000000
^ Guidance / Forecast.

Production Costs

CommodityUnits20222021
Credits (by-product) Gold USD 00 00
Total cash costs Gold USD 0000 000
Total cash costs Gold USD 00000000 0000000
Net of By-Product.

Operating Costs

Currency20222021
Total operating costs ($/t milled) USD 87  96  

Financials

Units20222021
Revenue M USD  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Source Source
Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Aug 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Aug 28, 2023

Total WorkforceYear
Subscription required 2022
Subscription required 2021

Aerial view:

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