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Peñasquito is Mexico's largest gold producer, consisting of two open pits - Peñasco and Chile Colorado - containing gold, silver, lead and zinc. The focus at Penasquito is on optimization to drive consistent results. Over the next three years, mining activities in the pit are expected to be focused on lower grade ore in the upper parts of the Peñasco pit while stripping is emphasized to ensure an economically optimal pit shell design to maximize the net asset value of the operation. By 2019, Peñasquito is expected to increase metal production over prior years on a gold equivalent basis due to higher amounts of by-products mined in the Chile-Colorado pit. In 2020-2021, Peñasquito’s gold production is expected to benefit from an improvement in mined grades as it recommences mining higher grades at the bottom of the Peñasco pit.
The Pyrite Leach Project ("PLP") was approved by the Board on July 27, 2016 and is being advanced towards first gold in the first quarter of 2019. The project is expected to increase overall gold and silver recovery by treating the zinc tailings before discharge to the tailings storage facility. PLP is expected to recover approximately 40% of the gold and 48% of the silver currently reporting to the tailings. PLP is expected to add annual incremental production of approximately 100,000 – 140,000 gold ounces and approximately 4.0 – 6.0 million silver ounces for the life of the mine.
For Operational and Financial information please access our Interactive Analyst Centre
For Reserves and Resources information, please access the Annual information in our Interactive Analyst Centre
* Due to rounding, numbers may not add up.