Pirquitas Mine

Focused on Operational Excellence and Mine Life Extension

The Pirquitas mine is a 100% owned property located in the Province of Jujuy, northern Argentina. It is positioned at an elevation of 4,100 meters above sea level and is accessible by all-weather roads. The mine achieved commercial production on December 1, 2009. It is an open-pit mine utilizing a fleet of 100-tonne trucks and three loading units. Ore is crushed and treated in a gravity pre-concentrator prior to processing in a conventional mineral flotation plant. The silver and zinc concentrates produced from the plant are shipped to third party smelters.

Highlights of the Pirquitas mine include:

  • Mineral Reserves: Probable Mineral Reserves of 38.0 million ounces of silver at an average grade of 220.1 g/t and 59.4 million pounds of zinc at 0.47% as at December 31, 2014.

  • Mineral Resources: Indicated Mineral Resources of 68.7 million ounces of silver at an average grade of 183.0 g/t and 136.1 million pounds of zinc at 0.53% as at December 31, 2014.

  • Delivered record production in 2014: Produced 8.7 million ounces of silver and 30.0 million pounds of zinc, exceeding annual silver and zinc production guidance. 

  • 2015 Production guidance: Anticipated 2015 production of between 9.5 and 10.5 million ounces of silver and between 10 and 12 million pounds of zinc.

  • Exploration: Active exploration to extend mine life of current operations. Activities are focused on near-mine surface and underground exploration targets.

Trevor J. Yeomans, ACSM, P. Eng., an employee of the company and a Qualified Person, has reviewed and approved the foregoing disclosure on the Pirquitas mine. Please refer to the technical report entitled "NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina" dated December 23, 2011, a link to which is provided below.

Mineral Resources are reported inclusive of Mineral Reserves. Please refer to our Mineral Reserves and Resources Table.

This page contains forward-looking statements. Please see the following link: Legal.

 

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