3. Operate
The extraction and beneficiation of ore from our operating mines
» Strategic focus: Maximise the potential of existing operations while maintaining position as a leading low cost producer.
- Priorities: Optimise capacity and recovery rates by adjusting mining methods and beneficiation processes; generate continuous improvements in productivity and cost controls; leverage expansion opportunities
- KPIs: Production by metal, cost per tonne by mine, productivity by mine (ore milled or moved per person)
- Competitive Advantages: Competitive cost performance amongst our industry peers, with AISC on a life of mine basis significantly lower than current and projected market prices for gold and silver
Key assets
|
Asset |
Type |
Commodity |
Year |
|
Underground |
Silver primary |
1554 |
|
|
» Saucito |
Underground |
Silver primary |
2011 |
|
» Ciénega |
Underground |
Gold/Silver |
1992 |
|
Open pit |
Gold |
1997 |
|
|
Open pit |
Gold |
2010 |
|
|
Open pit |
Gold |
2012 |
|
|
Underground |
Silver primary |
2016 |
*Operations at Soledad-Dipolos currently suspended.
Key risks
» Impact of global macroeconomic developments
» Access to land
» Potential actions by the government
» Security
» Public perception against mining
» Union relations
» Human resources
» Access to land
» Potential actions by the government
» Security
» Public perception against mining
» Union relations
» Human resources