Mining Intelligence and News
Mexico

Velardena-Penoles Mine

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Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
  • Lead
  • Zinc
  • Copper
Mining Method
  • Sub-level stoping
  • Longhole stoping
  • Cut & Fill
Backfill type ... Lock
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Mine Life... Lock
SnapshotVelardeña, better known as Minera Roble, is the second most important mine at the Mexican national level with respect to the extraction of Zinc and is the one with the greatest contribution of this metal for Grupo Peñoles.

In 2023, the greatest operating challenge at the Velardeña unit was the drop in zinc, silver, and lead ore grades due to the depletion of the Santa María body.

In 2023, Peñoles made investments, allocated to preparation of infrastructure and start-up of diamond-bit drilling stations at the Reina del Cobre project, the preparation of reserves at the Antares bodies (Sur Profundo and Norte Profundo), the development of mining work to generate ore reserves at La Industria, as well as the engineering of a new tailings deposit to guarantee operating continuity.

Owners

SourceSource
CompanyInterestOwnership
Industrias Peñoles SAB de CV 100 % Indirect
Velardeña mine is 100%-owned by Industrias Peñoles SAB de CV.

Deposit type

  • Skarn

Summary:

All data has been translated from Spanish with the assistance of AI.

The Velardeña deposit consists of three mineralized bodies known as Antares Norte (northern contact of the Rhyolitic Porphyry), Antares Sur (southern contact of the Rhyolitic Porphyry), and Cuerpo Santa María (partially exploited by IMMSA).

Mineralization: Skarn type with zinc sulfides, and minor amounts of copper, gold, lead, and silver. It is associated with the northern contact of the Rhyolitic Porphyry and the Aplitic Dike that extends from the porphyry.

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

Pounds equivalent of zinc are calculated: total gross sales / average zinc price.
CommodityUnits2023202220212020201920182017
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,9795,1434,036
Silver koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe890840691
Lead t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5,2575,1184,217
Zinc t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe82,48278,34580,728
Copper t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,4982,3101,706
Zinc Equivalent M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe189172
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics2023202220212020201920182017
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8,000 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2.31 Mt2.15 Mt1.9 Mt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,441 kt2,176 kt

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs (sold) Zinc Equivalent USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.79 / lb   0.7 / lb   0.61 / lb  

Operating Costs

Currency2023202220212020201920182017
Total operating costs ($/t milled) USD 53.2  46.4  44.1  40.6  46.4  49  41.9  

Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 25.4   26.7   17.6  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 27, 2024
....................... Subscription required ....................... Subscription required Subscription required Jun 26, 2024

EmployeesTotal WorkforceYear
...... Subscription required 2023
...... Subscription required 2022

Aerial view:

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