• Data Access
  • Your Email  
  • Your Email  
Keep me signed in.
Forgot your password?
Close
  • Forgot Your Password?
  • Enter the email you signed up with and we'll email it to you.
  • Your Email  
Close
Back
MDO
Mining Data Solutions
  • Home
  • Database
  • Subscribe
  • Sign In
  • Sign In
Peru
Canariaco Project

This page is not tailored to
devices with screen width under 750 px.
 Location:
98 km NE from Chiclayo, Peru

  Project Contacts:
Calle Nelson Guia Gonzales Mz. D Lote 10 Santiago de Surco
Lima
Peru
15056
Phone  ...  Subscription required
WebsiteWeb
Additional Resources for Suppliers & Investors
Drill results over 30 g/t Au
Stay on top of recent discoveries.
Search drill results by commodity and grade.
Largest mines in the Americas
Mining and mill throughput capaciites.
Full profiles of select mines and projects.
Deepest underground mines
Shaft depth and mill throughput data.
Full profiles of select mines and projects.
Heavy mobile equipment
HME type, model, size and quantity.
Full profiles of select mines and projects.
Permitting and construction projects
Projects at the permitting or construction stage. Full profiles of select projects.
Mines with remote camps
Camp size, mine location and contacts.
Full profiles of select mines and projects.
Mines & projects in Peru
A list of country's mines and projects.
Full profiles of select mines and projects.
  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

Thank you for browsing through mine profiles compiled by the Mining Data Online team.

Would you like to subcribe or schedule a Demo?
  • Name:
     
  • Company:
     
  • Position:
     
  • Phone:
  • Email:
  • Message:

Overview

StagePreliminary Economic Assessment
Mine TypeOpen Pit
Commodities
  • Copper
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life28 years (as of Jan 1, 2022)
The Company’s flagship project is Cañariaco, within which Cañariaco Norte, is the 10th largest late-stage copper resource in the world and 6th highest in grade (RFC Ambrian, December 2021 and Haywood, December 2021). In addition to Cañariaco Norte, the Cañariaco Project, includes the Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru’s prolific mining district.
Latest NewsCandente Copper Announces Closing of Private Placement With Fortescue Metals     February 2, 2023


Owners

Source: p. 55
CompanyInterestOwnership
Candente Copper Corp. 100 % Indirect
The Cañariaco Project comprises a total area of 10,189.50 ha in 15 concessions. Three porphyry copper targets, Cañariaco Norte, Cañariaco Sur, and Quebrada Verde, have been identified. Candente Copper, through its Peruvian subsidiary Cañariaco Copper Perú S.A (CCPSA), and others holds a 100% interest in the Cañariaco Project.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Breccia pipe / Stockwork
  • Porphyry
  • Intrusion related


Summary:

The Cañariaco Norte and Cañariaco Sur deposits are considered to be examples of porphyry-copper systems. The Cañariaco Norte deposit is a large, near surface, bulk mineable porphyry copper deposit located in the Lambeyeque region of northern Peru.

The Cañariaco Norte deposit is hosted within a multiphase intrusive–breccia complex approximately 1.7 km in strike extent and 1.1 km wide. The deposit has been drill-tested to a depth of approximately 770 m and remains open at depth. The majority of the copper–gold mineralization is hosted within the intrusive and breccia units, but locally extends for variable distances into the enclosing volcanic units. Intrusive units comprise approximately 55 to 60% of the deposit, breccias approximately 30 to 35%, and pre-mineral volcanic rocks approximately 5 to 10%.

The intrusive units are nested and collectively roughly oval in shape, with older intrusive rocks being cut by successively younger intrusive bodies. In general, the intrusive units are north–south-trending, steeply-dipping bodies. The breccia units cut the intrusive units, are oval to circular in shape, and are steeply plunging. The dykes generally strike northwest–southeast with a steep southwesterly dip. The shape and positioning of the intrusive, breccias, and dyke units was largely controlled by northwest–southeast- and northeast–southwest-trending faults (Casselman et al., 2008).

In general, the highest copper grades (>0.5% Cu) occur in the b ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

Open-pit mining was selected as the extraction method considering the size of the resource, grade tenor, grade distribution and proximity to topographic surface for the deposit. The opinion of the QP is that open-pit mining offers the most viable approach for development.

Mill feed and waste will be drilled, blasted and loaded by electric hydraulic face shovels and front-end loaders from 15-m-high benches. Haul trucks will haul above cut-off mineralized material to the mineralized material crusher, or short-term stockpile as required. Waste will be hauled during pre-production to the WSF, and during production to the waste crusher to be located near the mineralized material crusher. During production, crushed waste will be conveyed to the plant site where it will be combined with dewatered tails and stacked at the WSF. Based on earlier internal desktop trade-off studies, the mine plan considers an initial 40 kt/d processing rate which is later doubled to 80 kt/d in production Year 7. The peak mining capacity is 54.6 Mt/a.

Pit Slopes
The pit slopes used for LG shell generation were based on the detailed slope design parameters provided by Knight Piésold. Overall slope angles were estimated for each sector based on the depth of an assumed likely ultimate pit shell, and anticipated number of pit ramps crossing each sector. The resulting overall slopes used were 37.6º, 36.0º, and 36.4º for the east, southwest and northwest sectors respectively Select sh ........


Crushing and Grinding
Source: Subscription required

- subscription is required.


Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityProductUnitsAvg. AnnualLOM
Copper Payable metal M lbs 1734,848
Copper Metal in concentrate M lbs 5,225
Copper Concentrate kt 10,020
Gold Payable metal koz  ......  Subscription required  ......  Subscription required
Gold Metal in concentrate koz  ......  Subscription required
Silver Payable metal koz  ......  Subscription required  ......  Subscription required
Silver Metal in concentrate koz  ......  Subscription required

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Annual mining capacity  ......  Subscription required
Waste tonnes, LOM  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Total tonnes mined, LOM  ......  Subscription required
Daily processing capacity  ......  Subscription required
Tonnes processed, LOM  ......  Subscription required
Annual processing capacity  ......  Subscription required
* According to 2022 study.
Subscription required - Subscription is required.

Reserves at January 27, 2022:
The Mineral Resources are reported 0.15% Cu Cut-off Grade.

CategoryTonnage CommodityGradeContained Metal
Measured 423.5 Mt Copper 0.43 % 4.04 B lbs
Measured 423.5 Mt Copper Equivalent 0.48 %
Measured 423.5 Mt Gold 0.07 g/t 0.98 M oz
Measured 423.5 Mt Silver 1.9 g/t 25.71 M oz
Indicated 670.7 Mt Copper 0.36 % 5.25 B lbs
Indicated 670.7 Mt Copper Equivalent 0.39 %
Indicated 670.7 Mt Gold 0.05 g/t 1.16 M oz
Indicated 670.7 Mt Silver 1.6 g/t 33.72 M oz
Measured & Indicated 1,094 Mt Copper 0.39 % 9.29 B lbs
Measured & Indicated 1,094 Mt Copper Equivalent 0.42 %
Measured & Indicated 1,094 Mt Gold 0.06 g/t 2.14 M oz
Measured & Indicated 1,094 Mt Silver 1.7 g/t 59.43 M oz
Inferred 795.1 Mt Copper 0.27 % 4.88 B lbs
Inferred 795.1 Mt Copper Equivalent 0.32 %
Inferred 795.1 Mt Gold 0.06 g/t 1.73 M oz
Inferred 795.1 Mt Silver 1.29 g/t 33.11 M oz

Commodity Production Costs:

CommodityUnitsAverage
Credits (by-product) Copper USD  ......  Subscription required&nbs
Site cash costs (produced) Copper USD  ......  Subscription required&nbs
C1 cash costs Copper USD  ......  Subscription required *†
C3 fully allocated costs Copper USD  ......  Subscription required *†
Assumed price Copper USD  ......  Subscription required&nbs
Assumed price Silver USD  ......  Subscription required&nbs
Assumed price Gold USD  ......  Subscription required&nbs
* According to 2022 study / presentation.
† Net of By-Product.
Subscription required - Subscription is required.

Operating Costs:

Units2022
OP mining costs ($/t milled) USD 2.62 *
Processing costs ($/t milled) USD  ......  Subscription required
G&A ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2022 study.
Subscription required - Subscription is required.

2022 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Expansion CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Closure costs $M USD  ......  Subscription required
OP OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 3,345
G&A costs $M USD 494
Total OpEx $M USD  ......  Subscription required
Total Taxes $M USD  ......  Subscription required
Royalty payments $M USD  ......  Subscription required
Gross revenue (LOM) $M USD  ......  Subscription required
EBITDA (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 5% $M USD  ......  Subscription required
Pre-tax NPV @ 10% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.


Proposed Heavy Mobile Equipment as of February 8, 2022:
HME TypeSizeQuantityLeased or
Contractor
Dozer 4.7 m ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 23, 2022
....................... Subscription required ....................... Subscription required Subscription required Feb 23, 2022
....................... Subscription required ....................... Subscription required Subscription required Feb 23, 2022
....................... Subscription required ....................... Subscription required Subscription required Sep 24, 2022
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2022

Corporate Filings & Presentations:

DocumentYear
Preliminary Economic Assessment 2022
Subscription required - Subscription is required.

News:

NewsDate
Candente Copper Announces Closing of Private Placement With Fortescue Metals February 2, 2023

Subscription required - Subscription is required.

Terms of Use Privacy Policy © 2017-2023 MDO Data Online Inc.