Noche Buena
Commenced operations as an open pit gold mine in 2012. Located in the Herradura District 23 kilometres from the Herradura mine, acquired in 2008 from Seabridge as part of the Group’s district consolidation strategy
| Ownership: |
Minera Penmont (100% Fresnillo plc) |
| Location: |
Sonora (23km from Herradura) |
| Commodity: |
Gold |
| Operational since: |
2012 |
| Facilities: |
Open-pit mine, heap leach and Merrill-Crowe plant |
| Workforce: |
429 employees, 424 contractors |
| Average Ore Grade in Reserves: |
0.51 Gold g/t |
| Mine Life: |
3.2 years |
Quarterly Production
| |
1Q17 |
1Q16 |
% change |
4Q16 |
| Ore processed (t) |
4,613,684 |
4,237,134 |
8.9 |
4,380,536 |
| Total vol. hauled (t) |
20,918,657
|
20,106,143 |
4.0 |
20,521,024 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
47,678 |
51,647 |
-7.7 |
41,769 |
| Silver (oz) |
7 |
11 |
-36.4 |
11 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.51 |
0.51 |
-0.1 |
0.53 |
| Silver (g/t) |
0.09 |
0.15 |
-39.2 |
0.14 |
History
2008
Acquired through Penmont JV
2009
Exploration commenced
2011
Construction commenced
Production
Gold
(oz)
182,280
(FY16)
% 15.2 Change
Silver
(koz)
33
(FY16)
% (54.8) Change
Financial Highlights
Adjusted Revenue
(US$m, FY16)
225.8
% 24.3 Change
Segment Profit
(US$m, FY16)
83.9
% 214.2 Change
Capital Expenditure
(US$m, FY16)
8.6
% 230.8 Change
Exploration
(US$m, FY16)
1.6
% (56.8) Change
Performance Highlights:
- Full year gold production increased vs. 2015 due to a higher overall average speed of recovery resulting from new mineral layers at the leaching pads
- Quarterly gold production decreased vs. 4Q15 as a result of a lower overall average speed of recovery due to the slower leaching recovery dynamic of the ore mined in the second half of 2016 which was partly offset by the higher ore grade
- Quarterly gold production slightly increased vs. 3Q16 as a result of a higher overall average speed of recovery
Objectives: 2017
- Continue exploration in surrounding area
- Construction of Pad number 7
