15 Moz. Following its commissioning in mid-2018, this was the first full year of operation for the Pyrites Plant at Saucito, with the plant producing over 1.1 moz of silver and 4.0 koz of gold during 2019.
A rich resource base and proven ability to convert resources into reserves, supports our goal to maintain the Group's position as the world's largest primary silver company and Mexico's largest gold producer. 5. This project, which will provide access to the deeper reserves of the Jarillas vein, is expected to be completed by the end of 2023.Following its commissioning in mid-2018, this was the first full year of operation for the Pyrites Plant at Saucito, with the plant producing over 1.1 moz of silver and 4.0 koz of gold during 2019.Enter the email you signed up with and we'll email it to you. Exposure to industrial demand – a factor that’s largely absent for gold investors – makes silver an attractive commodity and irreplaceable component in many applications – particularly for industry-related companies and their investors. Additional Resources for Suppliers & Investors
Projects at the permitting or construction stage. Crushed ore from the mine is fed into an SAG mill, where it is ground further and then passed into ball mills to further process it … Full profiles of select projects.Thank you for browsing through mine profiles compiled by the Mining Data Online team.The Saucito project comprises a system of epithermal veins containing silver, gold, lead and zinc. With nearly 22 million ounces of silver produced in 2016, Fresnillo’s Saucito silver mine is the largest silver operation in the world. Antamina, Peru. Full-year 2019 silver production at Saucito decreased substantially by 12 %. The open-pit silver mine is owned and operated by the Turkish state-owned mining company Eti Mine Works. With 18.3 million ounces of silver produced in 2019, Fresnillo’s Saucito silver mine in Mexico is fourth largest silver operation in the world.
At that time, Pan American Silver (a public Canadian company) owned the subsoil license for the Dukat mine, so in 2000, CJSC Magadan Silver was formed as a joint venture between Polymetal and Pan American Silver. This site uses cookies - by continuing to use our site you are agreeing to our use of cookies.To find out more about the cookies we use and how to manage them, please see our One of our most important assets; contributing 31% to total silver production in 2019 and generated 21.7% of total adjusted revenue.Quarterly silver production decreased 5.5% vs. 4Q19 as expected, primarily driven by lower volume of ore processed due to aforementioned staff absences over holiday period and additional maintenance at the beneficiation plant, mitigated by a higher recovery rateIn line with expectations, quarterly silver production decreased 6.7% vs. 1Q19 as a result of gradual depletion of higher ore grade areas at the Jarillas vein; decline mitigated by a higher recovery rateMine improvement plan set out continues to be implemented; including initiatives to reduce dilution, improve mine's operational consistency while advancing infill drilling programme in order to increase certainty of the geological modelQuarterly by-product gold production decreased 2.5% vs. 4Q19 driven by lower volume of ore processed, mitigated by a higher recovery rate. The mine, also known as the Eti Gumus silver mine, is estimated to contain about 335Moz of silver (100Mt of ore grading 95g/t Ag). Against 1Q19, by-product gold production increased 13.1% as a result of a higher ore grade.Silver ore grade for 2020 continues to be in range of 200-220 g/t, whilst gold ore grade estimated to remain around 0.95 g/tDevelopment rates increased vs 2018, averaging 3,261m/mDeepening of 5 main ramps in Jarillas vein advanced according to planDevelopment rates to be improved; target 3,500-3,800m/m by year endContinue implementing initiatives to increase productivity and efficiencyContinue deepening of the Jarillas shaft, on track to be concluded end of 2023Core operations in Mexico, a country with significant geological resources, strong potential for continued growth, a skilled workforce and solid infrastructure.We seek to create value for stakeholders across precious metal cycles, focusing on high potential projects that can be developed into low cost, world-class mines.Sign up to our alerts to receive all latest news information.