Mining Intelligence and News
Argentina

Lomada de Leiva Mine

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Lomada de Leiva Mine

Location: 60 km S from Perito Moreno, Argentina

Regional Office:

Av. Del Libertador 498 Piso 26
Buenos Aires
Argentina
C1001ABR

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StageResidual leach
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
SnapshotThe Lomada de Leiva mining operations were put on care and maintenance during 2022 while leaching of the material previously placed on the leach pad continued. Production will start declining as a result of no fresh material being added to the pad.

No exploration activities were undertaken at Lomada during the year ended December 31, 2023.

Owners

SourceSource
CompanyInterestOwnership
FOMICRUZ 5 % Indirect
Patagonia Gold Corp. 95 % Indirect
Patagonia Gold S.A (operator) 100 % Direct
The Lomada de Leiva project is 100% owned by Patagonia Gold S.A. (“PGSA”). The Patagonia Gold Corp has interest in 95% of PGSA.

Fomento Minero de Santa Cruz Sociedad del Estado (“Fomicruz”) the Santa Cruz provincial mining and petroleum company has a 5% interest in the Patagonia Gold S.A.

SourceSource

Deposit type

  • Breccia pipe / Stockwork
  • Epithermal

Summary:

The Lomada gold deposit, located south-southeast of the community of Perito Moreno. in the western part of the Deseado Massif, is a classic, low-sulfidation epithermal mineral system. Precious metal mineralization at Lomada is hosted in a NNE-striking, steeply ESE-dipping structure (the “Main Breccia”).

-Low sulphidation, epithermal gold system hosted in a NNEstriking, steeply ESE-dipping structure (Main Breccia)
- Previous mining occurred from a portion of the Main Breccia over a 600 m strike, up to 20 m width and more than 150 m in depth.

Although the Patagonia has commenced extraction of minerals at the Lomada properties, the Patagonia does not have defined mineral reserves as defined under Regulation S-K and therefore mining propertie is considered to be in the exploration stage.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

The mining operations were put on care and maintenance during 2022 again while leaching of the material previously placed on the leach pad continued. Production will continue declining as a result of no fresh material being added to the pad.
CommodityUnits20232022202120202019
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,969
All production numbers are expressed as metal in doré.

Production Costs

CommodityUnits20232022202120202019
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 437 / oz  

Financials

Units20232022202120202019
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 4.8  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -1.9  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -1.9  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 13, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 13, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 13, 2024

Aerial view:

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