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 |
| 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
| |
2Q18 |
2Q17 |
% change |
1Q18 |
| Ore processed (t) |
4,550,915 |
4,399,136 |
3.5 |
4,414,790 |
| Total vol. hauled (t) |
22,073,319 |
22,436,979 |
-1.6 |
20,521,239 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
45,308 |
42,097 |
7.6 |
42,735 |
| Silver (oz) |
18 |
7 |
157.1 |
19 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.54 |
0.51 |
5.9 |
0.52 |
| Silver (g/t) |
0.18 |
0.09 |
93.1 |
0.22 |
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: 2Q18
- Quarterly gold production increased vs. the same period 2017 as a result of higher ore grade and volume of ore processed. Year to date gold production remained at a similar level when compared to the same period of 2017.
- Quarterly gold production increased 6.0% vs. 1Q18 as a result of higher volume of ore processed and to a lesser extent, higher ore grade.
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
