Sierra Metals proposes doubling Cusi capacity
Canadian mining company Sierra Metals is considering expanding its Cusi mine, in Mexico, with a preliminary economic assessment (PEA) delivering encouraging results.
The PEA is proposing an expansion of the production rate from 1 200 t/d to 2 400 t/d.
The incremental benefit of doubling the production is estimated to have an aftertax net present value of $28.1-million and an internal rate of return of 46.8%.
CEO Luis Marchese comments in a statement that the PEA has studied the value of the current operations at Cusi at 1 200 t/d against several output expansion alternatives – from 2 400 t/d to 3 500 t/d and determined 2 400 t/d as the optimum production level based on the current mineral resource base.
“Cusi is the smallest of our three mining operations, however, its silver resources which include 31.3-million ounces of measured and indicated plus 23-million ounces of inferred provide Sierra Metals with economic leverage to the improving silver market fundamentals,” he says.
Over a 13-year mine life, Cusi will produce 33.4-million ounces of payable silver.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation