Lindero Mine, the first open-pit gold mine in Salta province, has reported strong performance during the third quarter of 2024, remaining on track with its annual gold production projections. During this period, gold production reached 24,345 ounces, a 6% increase compared to the previous quarter, largely due to higher ore grades and increased ore processing.
By Panorama Minero
In the third quarter, 1.65 million tonnes of ore were placed on the leach pad, a 17% increase compared to the second quarter, attributed to more operational days and a slight improvement in processing capacity. The ore, with an average grade of 0.66 g/t of gold, contained approximately 34,925 ounces of gold.
The cumulative gold production for the first nine months of 2024 totaled 70,481 ounces, keeping Lindero on track to meet its annual production targets. Of the 24,345 ounces produced in the third quarter, 22,569 ounces were in doré, 1,754 ounces in gold-rich carbon, and 21 ounces in copper concentrate.
Additionally, the leach pad expansion project, with a capital investment of US$41.7 million in 2024, is progressing successfully. By the end of September, the project reached 76% completion, with all necessary materials already on site, and 44% of the liner installation completed. The expansion is expected to be operational by late October, with full completion expected by year-end and minor construction activities planned for early 2025.
This significant progress at Lindero Mine not only reinforces Salta province’s potential as a mining region but also confirms the success of the company’s operations, ensuring the effective fulfillment of its annual targets.
