TERM: 2020 Start of production, Currently building processing plant
OPERATOR: Fresnillo plc and Mag Silver
DESCRIPTION: US$440 million. The Juanicipio project will produce 11.7 million ounces of silver and 43,000 ounces of gold annually.
LOS FILOS EXPANSION
TERM: Start date of the expansion project for 2021.
OPERATOR: Equinox Gold
DESCRIPTION: US$213 million. The project includes the expansion of the open pit mine, the development of a second underground mine (Bermejal), the addition of a new open pit mine (Guadalupe) and the construction of a new CIL plant for the processing of higher pound sterling ore. The expansion is expected to increase Los Filosa’s production by more than 350,000 ounces of gold per year.
PIRITAS PHASE II
TERM: 2021 construction in progress
OPERATOR: Fresnillo plc
DESCRIPTION: US$155 million. In order to improve recoveries from the Fresnillo and Sucito mines, the Fresnillo Pl. Plant project will add 3.5 million ounces of silver and 13,000 ounces of gold.
TERM: The first production is planned for early 2022.
OPERATOR: Orla Mining
DESCRIPTION: In January 2021, the update of the feasibility study was finalized, which includes changes stemming from an expansion agreement with Fresnillo plc, showing an average production of 97,000 ounces annually of gold over a lifespan of 10.4 years, with a capital expenditure of US$134 million.
TERM: Feasibility study February 2021, The commissioning of the processing plant is scheduled for the second quarter of 2022
OPERATOR: SilverCrest Metals
DESCRIPTION: The company obtained a US$120 million financing line from a subsidiary of RK Mine Finance to finance the construction of the asset. Las Chispas is expected to produce 5.4 million ounces annually (Moz/y) of silver and 55,700oz/y of gold, according to a preliminary 2019 economic assessment.
TERM: Awaiting decision to begin construction.
OPERATOR: Endeavour Silver
DESCRIPTION: The company announced the results of a feasibility study on its Terronera project, which confirms strong profitability and higher annual silver production over a longer mine life. The study defined an underground operation that will process 1,700t/d to produce 3.3Moz of silver and 32,874oz of gold annually for 12 years after allocating US$175 million.