In development: a potential satellite operation to the Peñasquito operation.

The Noche Buena gold/silver project is currently in the scoping phase.

Recent studies have confirmed the potential - with additional development of the resource - for a profitable operation that would contribute to Peñasquito’s long-term production. Noche Buena covers approximately 24 square kilometres and is adjacent to, and contiguous with the northern border of the Peñasquito concession block. Measured and indicated resources are nearly 1.0 million gold ounces and 32.4 million silver ounces, and exploration continues, with the objective of extending the high-grade gold resources. Noche Buena could come into production as early as 2015.