Metates gold/silver/zinc project, Mexico
Name and Location
Metates gold/silver/zinc project, Durango state, Mexico.
Client
Chesapeake Gold.
Project Description
The Metates project hosts proven and probable reserves of 18.5-million ounces of gold, 526-million ounces of silver and 4.2-billion pounds of zinc. A prefeasibility study (PFS) completed on the project envisages a 25-year mine life, with average production of 659 000 oz/y of gold, 15.9-million ounces a year of silver and 190-million pounds a year of zinc, making it one of the largest gold and silver mines in the world. The PFS contemplates a conventional truck-and-shovel openpit mining operation, with a nominal 120 000 t/d throughput.
Value
Initial capital costs are estimated at $4.36-billion, including $631-million in contingency costs and excluding sustaining capital costs of $584-million.
Duration
A timeframe has not been disclosed.
Latest Developments
Chesapeake is sufficiently financed to advance the Metates project towards the completion of a full feasibility study.
The company plans to undertake additional engineering design and metallurgical studies to further derisk the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Chesapeake Gold tel +1 604 731 1094, fax +1 604 731 0209 or email chesapeake@shaw.ca.
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