Ownership: Minera Fresnillo, S.A. de C.V. (100% Fresnillo plc)
Location: Chihuahua
Anticipated production: Avg. annual production of 136 koz gold
Indicated and inferred resources: 9.6 moz gold, 12.3 moz silver
Estimated Pre-operative Capex: US$350m

Key Exploration:

  • 6,012m underground diamond drilling and 2,205m of crosscuts carried out to upgrade resources to indicated category and refine the resource model
  • A test stope and a preliminary economic assessment study were completed; however, given Orisyvo would be a new district and thus require significant investment in infrastructure, development was deferred
  • Additional metallurgical and engineering studies carried out; 7,000 hectares of claims were optioned at the adjacent Uruachic gold-silver district and exploration
  • Continued evaluation of the economic viability of this project
  • Currently expected to commence production in 2021
  • Channel sampling and a revision of the resource models conducted at the Orisyvo gold deposits where preliminary economic studies will be advanced in 2017