Operation: Herradura
| > Open pit gold mine, in operation since 1997 |
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Herradura is located 125 kilometres northwest from the nearest large town of Caborca in the State of Sonora, with a population of 81,000 (2010 census). Workers from area villages are provided daily transportation to the mine site. |
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| > Overview |
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| Ownership |
Minera Penmont (56% Fresnillo plc, 44% Newmont USA Limited) |
| Location |
Sonora |
| Facilities |
Open pit mine, heap leach and Merrill-Crowe plant |
| In operation since |
1997 |
| Workforce |
782 employees, 220 contractors |
| Average ore grade in reserves |
0.78 Gold (g/t) |
| Total reserves |
2.0 Gold (Moz) |
| Mine life |
7.2 years |
| > History |
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| 1991 |
Drilling commenced |
| 1997 |
Construction commenced |
| 1998 |
Commercial production began |
| 2007 |
Processing capacity increased from 25,000 to 33,00o tpd |
| > Production |
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1Q12 |
1Q11 |
% Change |
| Gold (oz) |
46,722 |
41,974 |
11.3 |
| Silver (koz) |
49 |
76 |
-35.5 |
Download Quarterly Operating Statistics
Download Annual Operating Statistics
| > Financial Highlights |
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2011 |
2010 |
% Change |
| Adjusted Revenues (US$m) |
521.9 |
336.8 |
42.3 |
| Gross Profit (US$m) |
404.8 |
268.9 |
50.5 |
| Capital Expenditure (US$m) |
72.7 |
54.4 |
33.6 |
| > What we plan to do in 2012 |
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• Complete construction of the dynamic leaching plant (2013 start-up)
• Convert inferred resources into measured and indicated in Centauro Deep to support construction of a shaft
• Advance OHSAS 18001 certification process to 90% of completion
• Intensify exploration at areas of influence to increase the resource base |
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