Óxidos, a State-of-the-Art Leaching Plant

  • Óxidos a leaching plant located in Cerro de Pasco is designed to process and recover precious metals (doré bars)
  • Current capacity of 2,500 tpd with potential to expand to 3,000 tpd.
  • Start of operations: 2014 with CAPEX of USD 260 million.
  • The plant processes Cerro stockpiles with silver and gold content as well as in-situ oxides located at the edge of the pit.
  • 2018 Production: 3.4 million oz Ag & 4,100 oz Au
  • 2018 Revenues: USD 56 million.
  • 2019 Production: 3.3 million oz Ag & 16,300 oz Au (up 297%)
  • 2019 Revenues (Estimated): USD 78 million (up 40%)

 Source: Volcan

Óxidos Leaching Plant

Cerro, a Historical Rich Mine in Central Peru

Cerro comprises:

  • 2 mines (currently under care and maintenance):
    • Cerro de Pasco Underground Mine
    • Raul Rojas Open Pit (See slide 20)
  • 2 sulphide concentrator plants:
    • Current combined throughput of 7,000 tpd
    • Paragsha has authorized capacity of 17,500 tpd
    • San Expedito has authorized capacity of 1,800 tpd
  • Supporting infrastructure in place and property package for exploration (approximately 11,000 has in the Cerro de Pasco Mining District)
  • Currently Cerro treats remaining Cerro stockpiles.
  • 2018 Production:11,000t Zn, 4,000t Pb, 0.4 million oz Ag
  • 2018 Revenues: USD 29 million
  • 2019 Production:17,000t Zn, 6,000t Pb, 0.8 million oz Ag
  • 2019 Forecast Revenues: USD 53 million (up 82%)

Source: Volcan

Paragsha/San Expedito Currently 6k tpd capacity with potential to increase up to 13k tpd

A Rich Historical Mining Region with Outstanding Potential

  • Multiple brownfield and greenfield targets exist
  • Considerable potential for new discoveries to support Mineral Resource Growth