2. Develop
Development and construction of new operating mines and facilities
Strategic focus: Deliver growth through development projects
Priorities: Adhere to strict delivery timelines and capex budgets
KPIs: Project delivery against budget/timeline
Competitive Advantages: Stringent viability criteria, including rates of return and high environmental and social impact standards, synergy potential amongst our prospects and projects arising from our district consolidation strategy, that can reduce total capex requirements; in-house teams for engineering and construction
Key assets
| Asset | Type | Average Annual Production | Start-up |
| » San Julián | Underground | Est. 11.6 moz silver, 63.7 koz gold | 2H16 (Phase I) / 1H17 (Phase II) |
| » Pyrites Treatment Plant | Facility | Est. 3.5 moz silver, 13.0 koz gold | 2018 |
| » Centuaro Extension | Second DLP | Est 390koz, LoM 12 yrs (Herradura) | 2018 |
Key risks
- Impact of global macroeconomic developments
- Access to land
- Potential actions by the government
- Security
- Public perception against mining
- Projects (performance risk)
- Union relations
- Human resources