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Philippines

Didipio Mine

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Copper
  • Silver
Mining Method
  • Longhole open stoping
  • Transverse stoping
Backfill type
  • Cemented paste backfill
Production Start2013
Mine Life2035
SnapshotThe Didipio Mine operates as an underground gold and copper mine with a surface stockpile operation.

A Pre-feasibility study (PFS) for the Didipio Mine is in progress. The PFS will focus on identifying uplift requirements to support an optimized underground mining production rate of approximately 2.5 Mtpa. The PFS will also identify the preferred process plant operational throughput rate for the optimized underground operation and evaluate process plant augmentation requirements to scale up to.

The PFS will be released subsequent to the completion of resource conversion drilling, and the completion of other ongoing dewatering work, and is expected to be completed in 2026.

In 2026, exploration expenditure at Didipio is primarily directed toward deep underground drilling in Panels 3 and 4, with additional drilling planned for other near-mine targets.
Latest NewsOceanaGold Files Annual Information Form and Updated Technical Reports for Haile, Macraes and Didipio     March 27, 2026

Owners

SourceSource
CompanyInterestOwnership
OceanaGold Corp. 80 % Indirect
The Didipio Mine is 80% owned by OceanaGold Corporation (OGC).

On May 13, 2024, OGC completed a secondary offering of 20% of its Philippine subsidiary, OceanaGold Philippines, Inc. (OGPI), through an Initial Public Offering (IPO) on the Philippine Stock Exchange (PSE), under the ticker ‘OGP’.

The listing fulfilled requirements of the renewed Financial or Technical Assistance Agreement (FTAA) with the Philippine government.

Contractors

ContractorContractDescriptionRef. DateExpirySource
Delta Earthmoving, Inc. Mining Delta provides civil works and ancillary services to the Didipio Mine under an industry standard contract with OGPI. The contract covers the provision of equipment and personnel to support the TSF construction, maintenance of haul roads and drainage systems, rehandling of stockpiled ore, crusher feeding, and various other projects around the mine. Dec 31, 2025
Orica Ltd. Blasting Orica supplies bulk emulsion, initiating systems, and packaged explosives, and provides associated down the hole loading services under a five-year contract that commenced on 1 December 2022 and will remain in effect until 30 November 2027. Dec 31, 2025 2027
San Miguel Global Power Holdings Corp. Power supply The Didipio Mine is powered through a long-term Power Purchase Agreement (PPA) with San Miguel Global Power, drawing electricity from the Luzon grid via a dedicated 69-kV transmission line commissioned in 2022. Dec 31, 2025
Sandvik Tamrock Philippines Inc. Mining fleet and maintenance The underground mining fleet is owned by OGPI, with the majority of the equipment acquired from Sandvik. OGPI has a contract with Sandvik for the provision of supplies and services. Dec 31, 2025
unawarded or unknown Drilling All drilling at Didipio has been performed by contractors. Dec 31, 2025

Deposit type

  • Porphyry

Summary:

The Dinkidi Stock is an alkalic gold-copper porphyry system, NW-trending body that is roughly elliptical in shape at surface (480 m long by 180 m wide) and with a vertical pipe-like geometry that extends to at least 800 m below the surface.

Porphyry-style mineralization is closely associated with a zone of K-feldspar alteration within a small composite porphyritic monzonite stock intruded into the main body of diorite (Dark Diorite). The extent of alteration is broadly marked by a prominent topographic feature (the Didipio Ridge) some 400 m long and rising steeply to about 100 m above an area of river flats and undulating ground. The northwestern end of the Didipio deposit is truncated by the Biak Shear. It is believed that the True Blue prospect is the displaced northern tip of the deposit.

Didipio Deposit Mineralization
The Didipio copper-gold mineralization is associated with two main magmatic events, each accompanied by alteration and mineralization (Wolfe and Cooke, 2011). These magmatic events represent the evolution of the Didipio intrusive complex from a silica-undersaturated to a silicasaturated system.

The silica-undersaturated mineralization is related to the intrusion of the Monzonite Porphyry and the Balut Dykes. The Monzonite Porphyry intrusion produced weak copper-gold mineralization accompanied by patchy pervasive orthoclase along the margins of the porphyry and biotitemagnetite alteration in the intruded rock. The copper-gold mineralization was further enhanced with the emplacement of the Balut Dykes causing calc-potassic alteration with Kfeldspar±actinolite-sulphide and diopside-perthite±actinolite-magnetite-sulphide veining. Bornite dominates the sulphide species of the veins and stockworks. The varied textures and composition of the Balut Dykes possibly heralds the onset of magma mixing and the shift to a more silica-saturated magma.

With the emplacement of the succeeding syenitic porphyry intrusions (Feldspar Porphyry and Syenite), the system evolved to more silica-saturated. Quartz-sulphide veins began to form and were later hydrothermally brecciated to form a high-grade, quartz-dominated breccia (QBX) above the Syenite. Wall rock alteration consists of quartz-calcite-actinolite-sulphide and illitecalcite-sulphide. There is also a suggestion that the QBX is genetically related to the equally wellmineralized Balut Dykes (Sillitoe, 2017) which would imply that the QBX is co-genetic with the Balut Dykes and that it was emplaced prior to the intrusion of the Feldspar Porphyry and the Syenite.

More recent underground exploration and development has discovered a pipe-like mineralized breccia body (called Eastern Breccia or EBX), east of the mine grid at level 2250 mRL and below. The breccia consists of two units, monzonite porphyry gradational to monzonite porphyry intrusion breccia, both intruded by a smaller cylindrical body of feldspar porphyry igneous breccia (Sillitoe, 2023). The breccia contains intergrown actinolite, apatite, calcite, magnetite, chalcopyrite and bornite. Some veinlets cut the breccia containing semi-massive chalcopyrite and bornite which give some high-grade Cu and Au values. The breccia pipe is probably related to the silica-saturated magmatic event.

The deposit is oxidised from the surface to a depth between 15 m and 60 m, averaging 30 m. The oxide zone forms a blanket over the top of the deposit and largely comprises silicification, clay and carbonate minerals, accompanied by secondary copper minerals including malachite and chrysocolla. All of the oxide and transitional mineralization has been mined out since mining commenced in 2012.

Description of Deposits
The Didipio Mineral Property is an alkalic porphyry copper-gold system (Jensen and Barton, 2000; Bissig & Cooke, 2014). Globally, alkalic deposits are relatively uncommon compared to calcalkaline porphyry copper deposits which occur the length of the main magmatic arcs known on the planet. Alkalic porphyry deposits are genetically associated with more spatially restricted alkaline volcano-plutonic geological provinces. The Didipio deposit exhibits features that are common to other alkalic porphyries found in British Columbia, Canada, and eastern Australia. The main features of this porphyry type are:
• Alkalic porphyry intrusions are host to Au-Cu mineralization;
• Generally associated with extensional tectonics and commonly occur in a back-arc setting;
• The porphyry intrusion and associated mineralization tend to be small although higher grade and may contain appreciable gold and silver;
• Presence of calc-potassic alteration consisting of orthoclase, magnetite, apatite perthite, and diopside is associated with the main stage Au-Cu mineralization;
• Sulphur isotope compositions are characterized by negative sulphur isotope values consistent with oxidized magmatic sources of sulphur.

Reserves at December 31, 2025

Mineral Reserves: Stockpile inventory at an approximate cut-off grade of 0.27 g/t AuEq.
Underground reserves use a 1.16 g/t AuEq cut-off grade, with incremental stopes proximal to planned development to access the main stoping areas reported at a lower 0.76 g/t AuEq cut-off. AuEq = Au g/t + 1.27 x Cu%.

Mineral Resources: Surface stockpile inventory is based on mining cut-off grades at the time ranging from 0.27 g/t to 0.40 g/t AuEq. Didipio underground resources are reported at a 0.67 g/t AuEq cut-off grade between the 2,460 mRL and 1,800 mRL. AuEq = Au g/t + 1.27 x Cu%.

Mineral Resources are reported inclusive of Mineral Reserves.
CategoryOre TypeTonnage CommodityGradeContained Metal
Proven & Probable Stockpiles 13.2 Mt Gold 0.3 g/t 0.13 M oz
Proven & Probable In-Situ (UG) 28.3 Mt Gold 1.11 g/t 1.01 M oz
Proven & Probable Total 41.5 Mt Gold 0.85 g/t 1.13 M oz
Proven & Probable Stockpiles 13.2 Mt Copper 0.28 % 0.04 Mt
Proven & Probable In-Situ (UG) 28.3 Mt Copper 0.35 % 0.1 Mt
Proven & Probable Total 41.5 Mt Copper 0.32 % 0.13 Mt
Proven & Probable Stockpiles 13.2 Mt Silver 1.9 g/t 0.8 M oz
Proven & Probable In-Situ (UG) 28.3 Mt Silver 1.5 g/t 1.4 M oz
Proven & Probable Total 41.5 Mt Silver 1.7 g/t 2.2 M oz
Measured & Indicated Stockpiles 13.2 Mt Gold 0.29 g/t 0.12 M oz
Measured & Indicated In-Situ (UG) 32 Mt Gold 1.18 g/t 1.21 M oz
Measured & Indicated Total 45.2 Mt Gold 0.92 g/t 1.34 M oz
Measured & Indicated Stockpiles 13.2 Mt Copper 0.28 % 0.04 Mt
Measured & Indicated In-Situ (UG) 32 Mt Copper 0.37 % 0.12 Mt
Measured & Indicated Total 45.2 Mt Copper 0.35 % 0.16 Mt
Measured & Indicated Stockpiles 13.2 Mt Silver 1.9 g/t 0.8 M oz
Measured & Indicated In-Situ (UG) 32 Mt Silver 1.6 g/t 1.6 M oz
Measured & Indicated Total 45.2 Mt Silver 1.7 g/t 2.4 M oz
Inferred In-Situ (UG) 9.2 Mt Gold 0.9 g/t 0.3 M oz
Inferred In-Situ (UG) 9.2 Mt Copper 0.3 % 0.02 Mt
Inferred In-Situ (UG) 9.2 Mt Silver 1.2 g/t 0.4 M oz

Mining Methods

  • Longhole open stoping
  • Transverse stoping

Summary:

The Didipio open pit mine was completed to final design in May 2017 after five years of mining. The underground project commenced in March 2015 with the construction of the underground portal and has continued development since. Top-down longhole open stoping with pastefill is used throughout the mine.

To facilitate the transition from open-pit mining to underground mining, a Crown Stabilisation Project (CSP) was initiated in 2017, whereby small amounts of material were mined from the pit floor before an engineered crown pillar consisting of cemented rock fill (CRF) were placed in the bottom of the pit to maintain stability and maximize recovery of ounces from the underground.

The open-pit CRF activities total 101,927 m3 remaining to maintain a 25 m crown pillar above the Eastern crown stopes, with completion due in Q3 2026.

The stoping front at Didipio is divided into three panels:
• Panel 1: 2430 mRL to 2280 mRL;
• Panel 2: 2250 mRL to 2100 mRL;
• Panel 3: 2070 mRL to 1980 mRL.

Mine Design
Underground Access
Access to the underground at Didipio is via a portal (Portal 1) from a bench in the upper open-pit. Portal 1 is the main travelway for personnel, materials and haulage equipment. A second portal (Portal 2) is located at the 2450 mRL on the southern side of the open-pit and provides fresh air for ventilation and secondary means of egress, with occasional use by some personnel and mobile equipment.

Mining Method
Didipio employs a Long Hole Open Stoping mining method (LHOS) which is a commonly employed method suitable for steeply dipping orebodies. The method allows a high degree of mechanisation and offers good mining selectivity, good recovery and is relatively flexible to suit variable geometries and ground conditions. A transverse primary/secondary stoping sequence is predominantly used at Didipio. The sequence progresses from the top down beneath paste backfill, with personnel and equipment working on top of insitu rock (the exception to this is some stopes in the upper levels on the west of the orebody in the Breccia Zone that is discussed in further detail below).

Primary stopes are mined first and are separated by secondary stopes. Extraction of the secondary stope can only occur after the two immediately adjacent primary stopes, and the stopes directly above in the crown, have been mined, pastefilled, and have had sufficient time to cure. The primary/secondary sequence employed at Didipio allows for stoping to be undertaken concurrently in multiple working areas, allowing for increased production rates compared to other methods such as longitudinal retreat.

Productivities and Mine Production Schedule
The Didipio underground schedule is based on productivity assumptions using a combination of historical rates achieved at Didipio and first principles based on expansion of the mine at depth and associated infrastructure that will facilitate an increase in throughput.

The schedule was completed using Deswik mine planning software and is based on operations occurring 365 days/year, seven days/week, with two 12-hour shifts each day.

Pastefill
Pastefill is utilized at Didipio through the mixing of thickened tailings, water and binder. This process is essential for the management of regional stability and high recovery of the resource utilizing the top-down mining approach. Pastefill designs ensure structural strength to support the chosen mining method and mitigates liquefaction potential. The use of tailings material aids in reducing TSF emplacement and is considered in tailings volume calculations.

The paste plant was commissioned in 2018 and delivers paste to underground stopes by a gravity distribution piping system. The paste plant sizing, based off earlier iterations of the LoM, was 150 m3 /hr at 60% utilization. Future pastefill requirements have increased in-line with planned increased production rates from the underground.

Heavy Mobile Equipment

HME TypeQuantityRef. DateSource
Cable bolter 1 Dec 31, 2025
Drill (long hole) 3 Dec 31, 2025
Drill jumbo (two boom) 5 Dec 31, 2025
Grader 1 Aug 20, 2023
Load-Haul-Dump (LHD) 7 Dec 31, 2025
Raise boring rig 1 Dec 31, 2025
Shotcreter 1 Aug 20, 2023
Truck (haul) 11 Dec 31, 2025

Comminution

Crushers and Mills

TypeModelSizePowerQuantity
Jaw crusher 1
Pebble crusher Sandvik CH440 1
SAG mill 7.30m x 4.57m 4300 kW 1
Ball mill 5.5m x 8.4m 4300 kW 1

Summary:

Primary Crushing
The crushing circuit is situated next to the ROM pad. Mining trucks haul ore from the open -pit stockpiles or from the underground portal to the ROM pad and dump on separate finger stockpiles to allow blend control. ROM ore is fed by a front-end loader (FEL) through an 800 mm square aperture static grizzly into a 100-tonne live capacity ROM bin. The FEL is required to remove oversize material retained by the static grizzly.

The ROM ore is reclaimed from the ROM bin by an apron feeder and is discharged on to a static grizzly into a single toggle crusher. Fines will bypass the crusher. Static grizzly bars are set at a nominal 100 mm clearance.

The single toggle crusher, selected to handle 900 mm maximum lump size, crushes the ROM ore to a typical P80 product size of 100 mm. An overhead travelling crane is provided for changing out crusher jaw plates and for maintenance on other adjacent equipment. Dust suppression water sprays are provided at the ROM bin and at the head of the transfer bin feed conveyor, emergency stockpile feed conveyor and SAG mill feed conveyor. The sprays can be automatically turned on/off from the plant control system.

Primary and Secondary Crushing
The 7.3 m diameter by 4.57 m effective grinding length (EGL) SAG mill is fitted with steel liners and vortex discharge grate and pulp discharges. The SAG mill is equipped with a 4,300 kW wound rotor induction motor and Liquid Resistance Starter (LRS) and has capability to provide speed variation through a Slip Energy Recovery (SER) unit.

Media charging is from 900 kg drums of 125 mm grinding balls via a kibble to the mill feed chute. A target ball charge of 13% is maintained with a media addition rate of 0.20 kg/tonne of feed. Mill load is determined from monitoring the hydrostatic pressure in the trunnion mill lube system. A rock sizing camera is installed on the SAG feed conveyor to monitor feed size distribution, and a vibration meter is placed at the outside shell of the SAG mill. The vibration meter or scanner can measure intensity/vibration energy, toe of the charge, and impacts (number of events whereby the ball is directly hitting the steel liner). The scanner gives live and accurate reading of the condition inside the mill. The integration of feed size, inside mill parameters (intensity, toe, and impact), mill weight, and SAG power is used to control the mill speed and feed rate.

Discharge from the SAG mill flows through a rubber-lined trommel and into a common mill discharge hopper. Oversize from the trommel screen (scats) is directed to a Sandvik CH-440 pebble crusher through the scats recycle conveyor to reduce the scats size to -12 mm. A portion of the recirculating load (cyclone underflow) is fed back to the SAG mill to assist with the transfer of the scats out of the discharge end of the mill.

The 5.5 m diameter by 8.38 m rubber-lined ball mill is fitted with a 4,300 kW wound rotor induction motor, LRS, trommel screen and retractable feed spout/chute. Discharge from the ball mill flows through a rubber-lined trommel into the common mill discharge hopper. The combined SAG and ball mill discharge is pumped to a nest of nineteen Cavex 15-inch hydro cyclones. The hydro cyclone underflow is split, with approximately 30% reporting to ball mill feed and 10% reporting to the SAG mill. The other 60% reports to an Outotec SK-500 Flash Flotation Rougher cell for recovery of the coarse liberated gold and copper particles. The concentrate from the Flash Flotation Rougher reports to a gravity circuit and the hydro cyclone overflow gravitates on to the flotation rougher circuit.

The Flash Flotation Rougher utilizes a twin outlet design with the low-density top valve tailings reporting to the common mill discharge hopper to maintain ball mill density.

Processing

  • Gravity separation
  • Centrifugal concentrator
  • Shaker table
  • Crush & Screen plant
  • Flotation
  • Dewatering
  • Filter press

Summary:

Recovery of copper and gold at Didipio is achieved from the use of a combination of flotation following a conventional SAG mill/ball mill grinding circuit and gravity gold recovery.

The plant was successfully running and exceeding the 3.5 Mtpa nameplate since the 2014 processing plant upgrade, with a well-established workforce and management team in place until June 2019 when operations were suspended.

Following renegotiation of the FTAA in July 2021, the plant was restarted in November 2021 with full production achieved by Q2 2022. An amendment to ECC in 2022 incorporated a processing rate limit increase from 3.5 Mtpa to 4.3 Mtpa. Process plant throughput was ramped up to 4 Mtpa by late 2022 and has been operating in the 4-4.1 Mtpa rate since with progressive debottlenecking studies undertaken to ramp up to the permit limit utilising stockpiled ore to fill capacity.

Gravity Circuit
The purpose of the gravity circuit is to recover free gold from the mill discharge and flotation concentrate streams. The primary gravity circuit utilizes a Falcon SB2500 batch concentrator. A bypass option allows the Flash Flotation Rougher concentrate to bypass the concentrator and report directly to the Flash Flotation Cleaner when the concentrator is in a rinse cycle or is offline. Other gravity circuit components consist of a surge bin for the concentrate, a Gemini and a Deister table treating all the concentrate, and a further Falcon model SB250 concentrator on the table tails, all of which are located in the secured area of the gold room.

The concentrate from the SB2500 concentrator unit gravitates to the gold room for further processing. The tailings from the concentrator reports to the Flash Flotation Cleaner TC-10 flotation cell where the coarse copper and gold particles are recovered with the concentrate, then report to the combined final concentrate hopper with the re-cleaner concentrate and pumped to the concentrate thickener. The tailings from the Flash Flotation Cleaner report to a hopper and are then pumped back to the combined mills discharge hopper to be pumped back to the cyclones.

An additional Falcon SB750 batch concentrator was installed in November 2016 in the fine flotation circuit and was fully operational in February 2017. This gravity concentrator treats the Rougher concentrate stream prior to entering the Cleaner circuit. The concentrate from SB750 reports directly to the surge bin in the gold room while the tailing goes to the Cleaner circuit. A bypass option allows the Rougher concentrate to bypass the concentrator and report directly to the Cleaner circuit when the concentrator is in a rinse cycle or is offline.

Flotation Circuit
Cyclone overflow reports by a gravity line to the first of six rougher flotation cells. Outotec TC-40 tank cells are used for the roughers with progressively increasing froth crowders installed down the train. Rougher concentrates are pumped to the Falcon SB750 fine gravity concentrator (GC003), while rougher tailings report to the flotation tailings hopper for pumping to the tailings thickener. Tails of the GC003 feed the cleaner bank, and its concentrate is discharged to the gold room.

Concentrate from the cleaner cells feeds the bank of re-cleaner cells. Tailings from the re-cleaner cells mix with the GC003 tails as feed to the cleaner cells. Concentrate from the re-cleaner cells is directed to the final concentrate pump box and then transferred to the concentrate thickener. The tails from the cleaner cells feed into the cleaner-scavenger cells, while the tails from the last cleaner-scavenger cell report to the cleaner tails hopper, and then pumped back to the rougher feed bank. The concentrate from the cleaner/cleaner-scavenger cleaner cells can be fed to either the feed of the re-cleaner cells or the cleaner cells dependent on concentrate grade. The concentrate from the cleaner- scavenger cells report back to the feed of the cleaner cells. A control system called FrothSense was installed in 2016 to automatically control the operating parameters of the flotation cells. A Metso Courier 6 On Stream Analyzer monitors key flotation circuit streams continuously for copper, iron and solids concentrations. With the increasing proportion of underground ore in the processing feed, paste backfill contamination (consisting of 6-12% binder) occurs when mining secondary stopes and leads to increase in the natural pH of the flotation feed slurry. At times, slurry pH has exceeded 10 causing depression of gold bearing pyrite in the flotation circuit. Following laboratory testing and plant trial, a sulfuric acid dosing system was installed to control slurry pH to flotation to below 9.5 to ensure gold recovery is maximized from the recovery of pyrite to the flotation concentrate.

Concentrate Handling
Final concentrate is thickened in a 12 m diameter high-rate thickener fitted with a vane feed well and de-aeration tank. The underflow is pumped at about 60-70% solids to a pair of 450 m3 storage tanks. A Outotec PF-930 horizontal plate pressure filter press produces a concentrate filter cake at about 8% moisture, which is suitable for transport and sea freight to smelter customers. As part of the efforts to increase the annual throughput to 3.5 Mtpa, four additional plates were installed in the concentrate filter in 2014 to increase its capacity by 20% to a total of 26 plates. With the decreasing copper head grade in the underground ore and stockpiles compared to upper open-pit or the 4.3Mtpa milling rate requires less filtration capacity than is currently installed.

The filter cake discharges to a concentrate stockpile of about 15 days capacity located within the concentrate storage shed. The concentrate is loaded into dump trucks using a front-end-loader with a nominal payload of 20 wet tonnes per truck. Composite samples are prepared from trucks as they are loaded, testing for moisture and metal content. A weighbridge weighs all trucks leaving site to account for movement, inventory control of material, and tracking for permit requirements.

Concentrate is trucked by road to a storage shed located at Poro Point, La Union with the capacity to hold up to 15 kt of material. Ships are loaded periodically in 5.5 kt or 11 kt shipments. Turnaround time for the concentrate trucks averages 27-32 hours.

Gravity Gold Concentrate Treatment
The concentrates from the Falcon SB2500 and Falcon SB750 concentrators are screened with a Amkco Vibra-screen. The screen oversize product reports to the Gemini shaking table while the undersize product is treated using the Deister shaking table. Concentrate from the Falcon SB5200 concentrator are tabled separately on a Deister shaking table. Concentrates from the tables are filtered and dried prior to smelting in a standard diesel-fired barring furnace. The tailings and middling products from both table circuits are retreated in small Falcon SB250 concentrators, with the concentrate joining the Deister feed. The tailings from the combined SB2500/SB750 Falcon concentrators are returned to the final concentrate pump box to minimise any gold losses from the gravity cleaning circuit. Table tailings from the SB5200 circuit are pumped back to the mill discharge hopper.

The dried gravity concentrates are mixed in batches with fluxes designed to allow the best separation of the gold and silver into doré. These batches are smelted and poured into molds to produce gold/silver doré bars, which typically assay 85% gold and up to 15% silver. Iron and base metal levels in the bars are typically less than 3%.

Recoveries & Grades:

CommodityParameter202520242023202220212019201820172016
Gold Recovery Rate, % 86.8 88.6 90 88.5 87 88.3 89.6 90.9 89.9
Gold Head Grade, g/t 0.8 0.91 1.16 1 0.88 1.8 2.25 1.77 1.5
Copper Recovery Rate, % 89.1 88.7 88.8 89.8 90 89.5 91.1 92.3 93.8
Copper Head Grade, % 0.37 0.37 0.39 0.4 0.44 0.57 0.62 0.56 0.61

Water Supply

Water usage

Parameter2024202320222021
Groundwater 12,592 ML13,279 ML13,809 ML13,416 ML
Surface water 9,943 ML5,140 ML7,431 ML9,176 ML
Total water 18,419 ML21,239 ML22,592 ML

Summary:

Raw water is currently sourced from the underground mine dewatering discharge water that has undergone solids removal via coagulant and flocculant addition, followed by flow through four settling ponds. Part of this discharge is from a pair of production bores located outside the completed open pit. These bores pump water to the mine dewatering tank which transfers water to the plant raw water tank for use in gland water systems, gravity and gold room operation, reagent mixing and potable water treatment. Raw water requirement is approximately 80 m3 /h.

Process water is recovered from within the plant from the tailings and concentrate thickeners with makeup sourced from the TSF pond at 340m3 /h. Recycle rates of process water are high, exceeding 80% with the only raw water makeup into the system from services requiring higher quality water.

The Paste Plant requires approximately 140m3 /h clean water supply for its operation. To supply this requirement, underground dewatering water is used. This is pumped through several stages of ponds intended for turbidity treatment before most of it is released to environment and part of it is directed to mine dewatering tank that supplies the Paste Plant.

Since 2018, all water used in the processing plant is recycled, utilizing both the overflow water from thickeners and decantwater from the TSF tailings pond.

Commodity Production

There was no production for 2020 due to the suspension of operations as a result of the local government unit and anti-mining activists’ blockade of the access road.
CommodityProductUnits20262025202420232022202120192018201720162015
Gold Metal in conc./ doré koz 85-105 ^ 91  97  138  113  15  84  115  177  147  127 
Copper Metal in concentrate M lbs 29-33 ^ 29  27  31  32  5.1  23  33  40  47  51 
Silver Metal in conc./ doré koz 177 184 132 186 226 253 274
^ Guidance / Forecast.

Operational metrics

Metrics2025202420232022202120192018201720162015
Ore tonnes mined 1,482 kt 1,513 kt 1,583 kt 1,551 kt 328 kt 1,173 kt 991 kt 3,764,148 t 9,199,375 t 7,063,642 t
Waste 107 kt 119 kt 152 kt 153 kt 7 kt 94 kt 267 kt 240,007 t 17,332,769 t 24,554,687 t
Total tonnes mined 1,589 kt 1,632 kt 1,735 kt 1,703 kt 336 kt
Tonnes milled 4,051 kt 3,753 kt 4,100 kt 3,996 kt 593.6 kt 2,656 kt 3,500 kt 3,500,000 t 3,499,584 t 3,581,471 t
Plant annual capacity 4 Mt 4 Mt 4 Mt 4 Mt 3.5 Mt 3.5 Mt 3.5 Mt 3.5 Mt

Production Costs

CommodityUnits202520242023202220212020201920182017
Cash costs (sold) Gold USD 443 / oz **   481 / oz **   271 / oz **   -92 / oz **  
Total cash costs (sold) Gold USD 846 / oz **   851 / oz **   614 / oz **   518 / oz **   -116 / oz **  
All-in sustaining costs (sold) Gold USD 1,255 / oz **   1,140 / oz **   730 / oz **   637 / oz **   -25 / oz **   444 / oz **   694 / oz **   427 / oz **   70 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency202520242023202220212019201820172016
UG mining costs ($/t mined) USD 43.3   40.5   35.1   36   38.7   39.3   42.9  
OP mining costs ($/t mined) USD 85   3.72   15.6   32.7   5.02   2.54  
Processing costs ($/t milled) USD 8.79   8.77   6.92   7.79   7.59   6.18   6.88   7.21   8.46  
G&A ($/t milled) USD 13.2   12.6   8.75   8.15   45.9   6.56   6.06   7.24   6.92  

Mine Financials

Units202520242023202220212020201920182017
Capital expenditures (planned) M USD
Growth Capital M USD 7   8.2   9.6   9.7   0.5   5.4   14.4   32.2  
Sustaining costs M USD 27.4   20.4   11.1   3.5   13.5  
Capital expenditures M USD 48.2   39.3   27.5   22.8   4   6   24.3   39.6   111.1  
Revenue M USD 438.8   342.9   371.1   308.7   99.4   235  
Operating Income M USD 99   99   51.8   88.6   89  
Gross profit M USD 156.2   108.6   42.5  
Pre-tax Income M USD 44.7   73.8   67  
After-tax Income M USD 26.8   54.9   102.5  
EBITDA M USD 98.7   130.4   21.3   101.4  

Personnel

Mine Management

Job TitleNameProfileRef. Date
Consultant - Mining & Costs Phil Jones LinkedIn Dec 31, 2021
Environmental Superintendent Julie Faith Llemit LinkedIn Mar 31, 2026
General Manager David Bickerton LinkedIn Mar 31, 2026
Mine Operations Superintendent Dale Wilfer Diawan LinkedIn Mar 31, 2026
Mine Superintendent Lester Mangliwan LinkedIn Mar 31, 2026
Process Operations Superintendent Kafuta Mulako LinkedIn Mar 31, 2026

Workforce

EmployeesContractorsTotal WorkforceYear
826 1,102 1,928 2023
791 2022
710 540 1,250 2021
1,500 2020
1,500 2019
1,589 2018
539 1,222 1,761 2016

Aerial view: