Mining Project
Cerro Moro
General Information
- Investment Company: PAN AMERICAN SILVER
- Operating Company: Estelar Resources Ltd
- Source of Capital: Canadá
- Address: Estrada 1160 | 9050 - Puerto Deseado, provincia de Santa Cruz, Argentina
- Phone: +54-(0)-297487-0191
Project Details
Cerro Moro is located 70 km southwest of Puerto Deseado, Santa Cruz province, and at 35 km from the Atlantic Ocean
Low sulphidation epithermal vein deposit bearing gold and silver
Gold - Silver
Production
$277,000,000.00
Mixed: Open Pit and Underground. The open pit method, with 50 tons trucks, through multiple narrow pits. Meanwhile, underground mining method through operating in sub levels filled with rock (in minor sectors cemented), accessed by ramps, most from the open pits and some from surface.
The mineral is highly amenable to conventional cyanide leaching, with high gold and silver recoveries ; two stages crushing, using SAG mill, added to Flash flotation and gravity concentrator mill circuit. Subsequently, the ore is subjected to a three stage of flotation, plus extra-fine grinding of the concentrate, cyanide leaching, Merrill Crowe circuit, smelting in order to produce and export doré.
During 2023, Cerro Moro produced 3.547 Moz of silver
65 Years
- 0.302 Moz of gold and 11.3 Moz of silver (Proven and Probable Reserves)
- 0.12 Moz of gold and 8.2 Moz of silver (Measured and Indicated Resources)
- 0.192 Moz of gold and 4.9 Moz of silver (Inferred Resources)
Additional Comments
For 2024, Pan American Silver projects production of 3.2-3.5 Moz of silver and 93,000-115,000 oz of gold. Investments of the order of US$14-US$15.5 million are also forecast.