Noche Buena
Acquired in 2008 from Seabridge as part of the Group’s district consolidation strategy; commenced operations as an open-pit gold mine in 2012. Located in the Herradura District 23 kilometres from the Herradura mine.
| Ownership: |
Minera Penmont (100% Fresnillo plc) |
| Location: |
Sonora |
| Commodity: |
Gold |
| Operational since: |
2012 |
| Facilities: |
Open-pit mine, heap leach and Merrill-Crowe plant |
| Workforce: |
441 employees, 504 contractors |
| Average Ore Grade in Reserves: |
0.51 Gold (g/t) |
| Mine Life: |
2.8 years (2016: 3.2) |
Quarterly Production
| |
3Q18 |
3Q17 |
% change |
2Q18 |
| Ore processed (t) |
4,834,512 |
4,362,684 |
10.8 |
4,550,915 |
| Total vol. hauled (t) |
20,489,682 |
20,918,713 |
-2.1 |
22,073,319 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
42,460 |
33,409 |
27.1 |
45,308 |
| Silver (oz) |
5 |
6 |
-16.7 |
18 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.52 |
0.53 |
-0.9 |
0.54 |
| Silver (g/t) |
0.05 |
0.07 |
-34.4 |
0.18 |
History
2008
Acquired through Penmont JV
2009
Exploration commenced
2011
Construction commenced
Production
Gold
(oz)
172,282
(FY17)
% (5.5) Change
Silver
(koz)
31
(FY17)
% (6.1) Change
Ore grade
(g/t)
0.52
(FY17)
% 2.5 Change
Ore deposited
(kt)
17,821
(FY17)
% 2.2 Change
Financial Highlights
Adjusted Revenue
(US$m, FY17)
215.5
% (4.6) Change
Segment Profit
(US$m, FY17)
75.5
% (10.0) Change
Capital Expenditure
(US$m, FY17)
18.7
% 117.4 Change
Exploration
(US$m, FY17)
5.7
% 256.3 Change
Performance Highlights: 3Q18
-
Quarterly gold production increased 27.1% vs. 3Q17 as a result of higher speed of recovery due to the ore’s composition and the higher volume of ore processed. Quarterly gold production decreased 6.3% vs. 2Q18 as a result of lower speed of recovery and, to a lesser extent, lower ore grade. These factors were partially offset by the higher volume of ore processed.
-
Year to date gold production increased 5.9% vs. YTD17 due to higher volume of ore processed and higher ore grade.
-
Expected gold ore grade for the full year is 0.50 g/t.
Performance Highlights: 1H18
-
Contained costs and continued to explore areas of influence, which continued to show limited upside
-
Detailed engineering for Carbon in Column facility initiated; expected to conclude by year end 2019
Performance Targets - 2H18
- Maintain comparative low cash cost profile
- Maximise production by extracting ore from the new areas
|
