|Ownership:||JV: 56% Fresnillo plc, 44% MAG Silver|
|Location:||Zacatecas, Fresnillo District|
|Facilities:||Underground mine and flotation plant|
|Avg. Annual Anticipated Production (Total):||11.7 moz silver, 43.5 koz gold|
|Indicated & inferred resources (Dec-18):||268.2 moz silver, 1.54 moz gold|
|Estimated Pre-operative Capex:||US$395m|
The Juanicipio project is a joint venture with MAG Silver of which we own 56%. This standalone project, to be constructed, developed and operated by Fresnillo plc, is located in the Fresnillo District, eight kilometres from our Fresnillo mine and first identified as a potential silver/gold project over ten years ago. Juanicipio’s mineral zones are located in silver-gold rich sulphide shoots of the veins.
The Juanicipio deposit consists of two main vein systems; the Valdecañas vein system and the Juanicipio vein, which are significant silver-gold epithermal structures. The Valdecañas vein system displays the vertical grade transition typical of the principal veins in the Fresnillo district, observed as a change from silver and gold-rich zones at the top to increased lead and zinc in the deeper reaches.
The feasibility study was concluded in 2H18 and drilling activities over the last 12 months have given us greater understanding of the potential at Juanicipio – endorsing the value of our strong, continuing commitment to exploration across all price cycles and in all economic environments.