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
| |
2Q17 |
2Q16 |
% change |
1Q17 |
| Ore processed (t) |
4,399,136 |
4,349,088 |
1.1 |
4,613,684 |
| Total vol. hauled (t) |
22,436,979 |
20,186,274 |
11.1 |
20,918,657 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
42,097 |
48,014 |
-12.3 |
47,678 |
| Silver (oz) |
7 |
4 |
61.4 |
7 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.51 |
0.48 |
6.2 |
0.51 |
| Silver (g/t) |
0.09 |
0.07 |
29.5 |
0.09 |
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: (2Q17)
- Quarterly and first half gold production decreased vs. 2Q16 and 1H16 due to the lower overall speed of recovery in 2017 compared to the one achieved in 1H16, when new mineral layers were deposited at the leaching pads; partly mitigated by the higher volume of ore processed
- Quarterly gold production decreased 11.7% vs. 1Q17 mainly as a result of lower overall speed of recovery and ore processed due to increased stripping
Objectives: 2017
- Continue exploration in surrounding area
- Construction of Pad number 7
