Overview
Stage | Production |
Mine Type | Stockpile |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 2036 |
In April 3, 2023 Boroo Pte. Ltd. is pleased to announce they have achieved a significant milestone in the construction and startup of the planned CMOP project. Phase 1 of the project has been safely commissioned and is producing material to be stacked and leached in the existing stockpiles. It is expected the first gold production from the CMOP project will be produced in April 2023. |
Source:
p. 1
Company | Interest | Ownership |
Minera Boroo Misquichilca S.A.
(operator)
|
100 %
|
Direct
|
Boroo Pte Ltd.
|
100 %
|
Indirect
|
On June 1, 2021, Boroo Pte. Ltd. completed the acquisition of a 100% interest in the Lagunas Norte mine in Peru from Barrick Gold Corporation.
The Mine is owned and operated by Minera Barrick Misquichilca S.A. (MBM).
Contractors
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Deposit Type
- Epithermal
- Vein / narrow vein
Summary:
Lagunas Norte differs from many other large high- sulphidation epithermal gold deposits of the Andes in that a majority of the known resource is contained within Cretaceous siliciclastic sedimentary rocks, and a relatively small portion is within the Tertiary volcanic sequence that is the primary host elsewhere (e.g., Yanacocha, Pierina). The main host rock sequence at Lagunas Norte consists of quartz sandstones and subordinate interlayered mudstone, siltstone, and carbon-rich siltstone, correlated with the Lower Cretaceous Chimú Formation (Lewis, 2002).
The Lagunas Norte mineralization occurs in the southeast portion of the Alto Chicama property. The mineralization is finely disseminated and is hosted mostly by siliclastic sedimentary strata.
The mineralization within the present pit extends for approximately two kilometres in the north-northwest direction by approximately two kilometres in the east-northeast direction and for more than 200 m vertically.
Mineralization is the result of multiple volcanic and hydrothermal events. It is hosted in both the Tertiary volcanics of the Calipuy Group and the underlying Cretaceous sedimentary rocks of the Chimú Formation. The alteration associated with the mineralization is typical of a highsulphidation epithermal environment, characterized by silica (SiO 2 ), surrounded by alunite [KAl3(SO4)2(OH)6], dickite [Al2Si2O5(OH)4] and pyrophyllite [Al2Si4O10(OH)2]. Trace elements typically associated with th ........

Summary:
No mining, ore rehandling from stockpiles. 80% of main equipment has been secured and fully paid.
Phase 1 of the project has been safely commissioned and is producing material to be stacked and leached in the existing stockpiles.
The mine has been in continuous production since March 2005 and up until June 2021, the mine was operated by Barrick Gold Corporation, and has produced over 10 Moz of gold.
Source:

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Flow Sheet:
Summary:

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Production:
Production in 2022 is shown for July 2021 - June 2022.
Commodity | Units | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
Gold
|
koz
| ...... ^ | ......  | ......  | ......  | ......  | 245 | 387 |
Silver
|
koz
| | | | | | | |
All production numbers are expressed as metal in doré.
^ Guidance / Forecast.
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Operational Metrics:
Metrics | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
Stripping / waste ratio
| 4.17 | 2.21 | 0.91 | 1.5 | 1.2 | 0.9 |
Ore tonnes mined
| 2,396 kt | 9,774 kt | 17,201 kt | | | |
Waste
| 9,992 kt | 21,583 kt | 15,658 kt | | | |
Total tonnes mined
| 12,388 kt | 31,357 kt | 32,859 kt | 40,847 kt | 49,126 kt | 50,030 kt |
Tonnes processed
| 2,693 kt | 8,837 kt | 17,874 kt | 17,253 kt | 21,880 kt | 22,110 kt |
Daily mining rate
| | | | 112 kt | 135 kt | 137 kt |
Daily processing rate
| | | | 47.1 kt | 59.9 kt | 60.6 kt |
Reserves at June 30, 2021:
Lagunas Norte Mineral Resources are estimated at gold cut-off grades that vary by material type from 0.286 g/t to 0.387 g/t for heap leach processing, from 0.738 g/t to 0.966 g/t for CMOP processing, and from 0.880 g/t to 1.482 g/t for PMR processing.
Lagunas Norte Mineral Reserves are estimated at gold cut-off grades that vary by material type from 0.312 g/t to 0.422 g/t for Heap Leach processing, from 0.806 g/t to 1.087 g/t for CMOP processing, and from 0.960 g/t to 1.618 g/t for PMR processing.
Lagunas Norte Mineral Reserves are estimated at gold cut-off grades that vary by material type from 0.312 g/t to 0.422 g/t for Heap Leach processing, from 0.806 g/t to 1.087 g/t for CMOP processing, and from 0.960 g/t to 1.618 g/t for PMR processing.
The Mineral Reserve estimate includes stockpile inventory as of June 30, 2021.
Category | Tonnage | Commodity | Grade | Contained Metal |
Proven
|
21,467 kt
|
Gold
|
2.52 g/t
|
1,738 koz
|
Proven
|
21,467 kt
|
Silver
|
6.07 g/t
|
4,190 koz
|
Probable
|
27,936 kt
|
Gold
|
2.47 g/t
|
2,214 koz
|
Probable
|
27,936 kt
|
Silver
|
6.37 g/t
|
5,726 koz
|
Proven & Probable
|
49,404 kt
|
Gold
|
2.49 g/t
|
3,952 koz
|
Proven & Probable
|
49,404 kt
|
Silver
|
6.24 g/t
|
9,916 koz
|
Measured
|
1,749 kt
|
Gold
|
0.8 g/t
|
45 koz
|
Measured
|
1,749 kt
|
Silver
|
2.82 g/t
|
158 koz
|
Indicated
|
23,901 kt
|
Gold
|
0.8 g/t
|
618 koz
|
Indicated
|
23,901 kt
|
Silver
|
2.64 g/t
|
2,027 koz
|
Measured & Indicated
|
25,650 kt
|
Gold
|
0.8 g/t
|
663 koz
|
Measured & Indicated
|
25,650 kt
|
Silver
|
2.65 g/t
|
2,186 koz
|
Inferred
|
2,432 kt
|
Gold
|
0.9 g/t
|
70 koz
|
Inferred
|
2,432 kt
|
Silver
|
3.15 g/t
|
246 koz
|
Source:

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HME Type | Model | Quantity | Ref. Date |
Backhoe
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Dec 31, 2015
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Backhoe
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Dec 31, 2015
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Dozer (crawler)
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Dec 31, 2015
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Dozer (crawler)
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Dozer (rubber tire)
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Dozer (rubber tire)
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Drill
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Dec 31, 2015
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Drill
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Dec 31, 2015
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Drill
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Dec 31, 2015
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Drill
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Drill
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Dec 31, 2015
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Grader
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Dec 31, 2015
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Loader
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Feb 22, 2017
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Shovel
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Feb 22, 2017
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Truck (haul)
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Feb 22, 2017
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Truck (haul)
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Feb 22, 2017
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Truck (water)
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Dec 31, 2015
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Corporate Filings & Presentations:
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