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
| |
4Q18 |
4Q17 |
% change |
3Q18 |
| Ore processed (t) |
4,395,527 |
4,445,313 |
-1.1 |
4,834,512 |
| Total vol. hauled (t) |
17,220,712 |
20,921,653 |
-17.7 |
20,489,682 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
36,705 |
49,098 |
-25.2 |
42,460 |
| Silver (oz) |
9 |
12 |
-19.7 |
5 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.50 |
0.54 |
-7.5 |
0.52 |
| Silver (g/t) |
0.09 |
0.14 |
-33.0 |
0.05 |
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
2018 - Summary
-
Contained costs
-
Production was higher than expected due to a higher ore grade & higher volume of ore processed
-
Continued to explore areas of influence, which continued to show limited upside
- Construction of a Carbon in Column process facility commenced
Performance Targets - 2019
- Maximise production, maintain comparative low cash cost profile
- Complete construction of leaching pad number 7
- Implement the activated carbon project for the Merrill Crowe plant tailings to increase recovery
- Prepare mine closure plan
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