Bolivar copper project, Mexico
Name of the Project
Bolivar copper project.
Location
The mine is located in Chihuahua, Mexico.
Client
Sierra Metals.
Project Description
Bolivar has total proven and probable reserves of 7.93-million tonnes grading 18.9 g/t silver, 0.86% copper and 0.25 g/t gold, and 1.14% copper equivalent.
The project aims to increase the capacity of the Bolivar mine in sustainable and staged steps from 3 000 t/d currently to 3 600 t/d in the first quarter of 2019, and to 5 000 t/d in mid-2020, based on consensus metal pricing.
The project has an 11-year mine life, based on existing mineral resource estimates.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $214-million, with a payback of 3.4 years.
Value
The project is estimated at $96-million.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
SRK Consulting (resource estimation); Redco Mining Consultants (increase in mine output to 5 000 t/d); Transmin Metallurgical Consultants (engineering associated with increased Plantas Verdes plant capacity); Anddes Asociados (tailings expansion design).
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Sierra Metals, Mike McAllister, tel +1866493 9646 or email info@sierrametals.com.
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