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Finland
Pyhasalmi Mine

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 Location:
28 km W from Kiuruvesi, Finland
  Regional Office:
17123410 Mainarintie 2, Pyhasalmi
Pyhasalmi
Finland
PL 51 86801
Phone  ...  Subscription required
Fax08780404
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News
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Overview

StageProduction
Mine TypeUnderground
Commodities
  • Copper
  • Zinc
  • Gold
  • Silver
  • Pyrite
Mining Method
  • Open stoping
Processing
  • Flotation
Mine Life2 years (as of Jan 1, 2017)
Pyhäsalmi is one of the oldest and deepest underground mines in Europe.

Owners & OPERATOR

 
CompanyInterestOwnership
First Quantum Minerals Ltd. 100 % Indirect
Pyhasalmi Mine Oy (operator) 100 % Direct
Deposit Type

  • VMS

Summary:

Pyhasalmi mine formed in submarine synvolcanic hydrothermal system: massive sulphides by subseafloor replacement of tuffaceous and intrusive rocks immediately below a hydrothermal mound, and semi-massive banded sulphides right above the sea floor.

Mining Methods

  • Open stoping

Summary:

Pyhäsalmi uses non-entry, bulk open-stope mining methods in a primary-secondary sequence. On average, stope size varies from 50,000 tonnes for narrow primary stopes to over 100,000 tonnes for wider secondary stopes.

Processing Technologies

  • Flotation

Summary:

Milling includes crushing, 3-stage grinding, conventional flotation using three separate circuits, and water removal to produce copper, zinc and pyrite concentrates.

Recoveries & Grades:

CommodityParameter201820172016201520142013
Copper Recovery Rate, % 969797979097
Copper Head Grade, %  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Zinc Recovery Rate, %  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Zinc Head Grade, % 2.011.51.71.71.61.7
Subscription required - Subscription is required.

Production:

CommodityProductUnits201820172016201520142013
Copper Metal in concentrate t  ......  Subscription required  ......  Subscription required  ......  Subscription required12,04614,30414,854
Zinc Metal in concentrate t  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Pyrite Metal in concentrate t  ......  Subscription required
Pyrite Concentrate t  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Operational Metrics:

Metrics201820172016201520142013
Tonnes milled  ......  Subscription required  ......  Subscription required1,380 kt1,379 kt1,377 kt1,382 kt
Ore tonnes mined  ......  Subscription required  ......  Subscription required1,430 kt1,384 kt1,402 kt1,382 kt
Subscription required - Subscription is required.

Reserves at December 31, 2017:

CategoryTonnage CommodityGrade
Proven 2.1 Mt Copper 0.95 %
Proven 2.1 Mt Zinc 1.88 %
Proven 2.1 Mt Gold 0.4 g/t
Proven 2.1 Mt Silver 13 g/t
Proven 2.1 Mt Sulphur 39.83 %
Measured 8.1577 Mt Copper 0.65 %
Measured 8.1577 Mt Zinc 0.75 %
Measured 8.1577 Mt Gold 0.4 g/t
Measured 8.1577 Mt Silver 13 g/t
Measured 8.1577 Mt Pyrite
Measured 8.1577 Mt Sulphur 41.7 %

Commodity Production Costs:

CommodityUnits20182017201620152014
All-in sustaining costs (AISC) Copper USD  ......  Subscription required†  ......  Subscription required†  ......  Subscription required† 0.48 / lb†
C1 cash costs Copper USD  ......  Subscription required†  ......  Subscription required†  ......  Subscription required† 0.3 / lb† 0.06 / lb†
C3 fully allocated costs Copper USD  ......  Subscription required†  ......  Subscription required†  ......  Subscription required† 2.42 / lb† 2.11 / lb†
† Net of By-Product.
Subscription required - 'Investor' subscription is required.

Financials:

Units20182017201620152014
Capital expenditures M USD  ......  Subscription required 4 4
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 114 153
Gross profit M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 8 35
Operating Income M USD  ......  Subscription required  ......  Subscription required 12 72
EBITDA M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 61 92
Subscription required - Subscription is required.

Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 10, 2018
....................... Subscription required ....................... Subscription required Subscription required May 10, 2018
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2017
Subscription required 2016
Subscription required 2015

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2019
................................... Subscription required 2018
................................... Subscription required 2018
................................... Subscription required 2017
................................... Subscription required 2016
Annual Report 2015
Year-end Mineral Reserves 2015
Subscription required - Subscription is required.

Aerial view:

Subscription required - Subscription is required.

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