Mining Project
Don Nicolás
General Information
- Investment Company: CERRADO GOLD INC
- Operating Company: MINERA DON NICOLÁS
- Source of Capital: Canadá
- Address: Santa Cruz: Ruta Nacional N°3, km. 2085,5 - (9050) - Tres Cerros, Provincia de Santa Cruz
- Phone: 54 (0) 11 5353-1120
Project Details
– Location
Santa Cruz
– Description
Epithermal mineralization in discontinuous veins and veinlets, hosted in volcanic rocks of Jurassic age, with low silver / gold ratio (2.5: 1)
– Minerals
Gold - Silver
– Stage
Production
– Capital Cost
$250,000,000.00
– Mine Operation
Open Pit
– Processing
Activated carbon (CIL) circuit and Electrowinning
– Average Annual Production
- 51,688 GEO
– Resources & Reserves
- Measured and Indicated Resources: 1.13Mt with 5.49 g/t gold & 8.37 g/t Silver (202,000 oz gold equiv.),
- Inferred Resources: 4.66Mt with 2.33 g/t gold & 4.78 g/t silver (353,000 oz gold equiv.)
Project Photos
Additional Comments
- Ramp-up of production from the Las Calandrias heap leap project continues; commercial production delayed to end of Q1 2024
- Pre-strip at Calandrias Norte largely complete and higher-grade ore beginning to feed the mill
- Major capital programs at Minera Don Nicolás complete, with current focus on delivering cash flow, rebuilding the balance sheet and longer-term exploration and mine life extension.