Mining Project

San José

Photo 1

General Information

  • Investment Company:  Hochschild Mining - MCEWEN MINING INC.
  • Operating Company:   Minera Santa Cruz S.A.
  • Source of Capital:  Peru - Canadá
  • Address:  Av. Santa Fe 2755 - Piso 9° - (1064) - Capital Federal Buenos Aires
  • Phone:  +54-(0)-11-4132-7900

Project Details

Location

Northwest Santa Cruz province

Description

San José is a low sulfidation deposit with quartz sulfide and economic values for gold and silver.

Minerals

Gold - Silver

Stage

Production

Capital Cost

$200,000,000.00

Mine Operation

Underground production - Mine of high grade vein system using cut and fill method (mechanized and semi mechanized) and Long Hole Stoping.

Processing

Crushing, grinding and processing (1,650 tpd) of mineral at site - Metal dore and concentrate as final product

Average Annual Production

Production in 2023: 134,000 oz gold equivalent ounces

Remaining Life

5 Years

Resources & Reserves
  • Proven and Probable Reserves: 0.33 Moz de gold (equivalent)
  • Measured and Indicated Resources: 0,99 Moz of gold (equivalent)
  • Inferred Resources: 0.754 Moz of gold (equivalent)</u>

Project Photos

Photo

Additional Comments

2024 Guidance (51%): 5.0-5.1 Moz silver eq and 60,000 – 62,000 oz gold eq / Sustaining and expenditure for 2024 (100%): US$31-34 million • Additional resource and potential drilling planned in San Jose district • 2024 Forecasts: 10% increase in underground production through shift improvements / Open pit mining of newly discovered near-to-surface mineralisation adding to UG / Ongoing evaluation of +15% plant throughput increase with modest investment / Programmes in place to increase local employment and enhance operational skills