1. | Form 43-101 Technical Report for the Huaron Property. |
PAN AMERICAN SILVER CORP. |
||||
Date: January 30, 2008 | Robert Pirooz | |||
General Counsel | ||||
- 1 -43-101(PanAm) | Huaron Mine | |||
1. TITLE PAGE |
7 | |||
2. TABLE OF CONTENTS |
8 | |||
3. SUMMARY |
9 | |||
3.1 Background |
9 | |||
3.2 Property Description, Location, and Ownership |
9 | |||
3.3 Geology and Mineralization |
10 | |||
3.4 Exploration and Development |
11 | |||
3.5 Mineral Resource and Mineral Reserve Estimates as at December 31, 2006 |
12 | |||
3.6 Mining Operations |
13 | |||
3.7 Authors Conclusions |
14 | |||
3.8 Authors Recommendations |
15 | |||
4. INTRODUCTION |
16 | |||
5. RELIANCE ON OTHER EXPERTS |
18 | |||
6. PROPERTY DESCRIPTION AND LOCATION |
19 | |||
6.1 Introduction |
19 | |||
6.2 Mineral Tenure |
20 | |||
6.3 Property Ownership |
36 | |||
6.4 Agreements |
36 | |||
6.5 Permits |
37 | |||
6.5.1 Water Use Permit for Mining |
37 | |||
6.5.2 Water Use Permit for Human Consumption |
37 | |||
6.5.3 Permit to Release Effluents |
37 | |||
6.5.4 The Domestic Landfill Permit |
37 | |||
6.5.5 The Operating Permit |
38 | |||
6.5.6 Tailings Storage Permits |
38 | |||
6.5.7 Acquisition and Use of Explosives Permit |
38 | |||
6.5.8 Archaeology Certificates |
38 | |||
6.6 Liabilities |
39 | |||
6.6.1 Mine Closure |
39 | |||
6.6.2 Acid Rock Drainage and Metal Laden Waters |
40 | |||
6.6.3 Containment and Stability of Tailing Impoundments |
40 | |||
7. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY |
41 | |||
7.1 Accessibility |
41 | |||
7.2 Climate and Physiography |
41 | |||
7.3 Local Resources and Infrastructure |
42 | |||
7.3.1 Manpower |
42 | |||
7.3.2 Infrastructure |
42 | |||
8. HISTORY |
44 | |||
9. GEOLOGICAL SETTING |
46 | |||
9.1 Regional Geology |
46 | |||
9.2 Local Geology |
46 | |||
9.2.1 Lithostratigraphy |
47 |
43-101(PanAm) | Huaron Mine | 2 | ||
9.2.2 Structural Geology |
48 | |||
10. DEPOSIT TYPE |
50 | |||
11. MINERALIZATION |
52 | |||
11.1 Mineral Zones |
52 | |||
12. EXPLORATION |
54 | |||
13. DRILLING |
56 | |||
14. SAMPLING METHOD AND APPROACH |
64 | |||
14.1 Introduction |
64 | |||
14.2 Sampling Procedures |
65 | |||
14.2.1 Drill Core Samples |
65 | |||
14.2.2 Channel Samples |
66 | |||
14.2.3 Numbering System |
67 | |||
15. SAMPLE PREPARATION, ANALYSIS AND SECURITY |
68 | |||
16. DATA VERIFICATION |
72 | |||
17. ADJACENT PROPERTIES |
73 | |||
18. MINERAL PROCESSING AND METALLURGICAL TESTING |
74 | |||
18.1 Plant Improvement Projects |
79 | |||
18.1.1 Grinding Circuit |
79 | |||
18.1.2 Flotation Circuit |
79 | |||
18.1.3 Authors Comments |
80 | |||
19. MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES |
81 | |||
19.1 Specific Gravity |
82 | |||
19.2 Erratic Values |
82 | |||
19.3 Criteria for Resource definition |
82 | |||
20. OTHER RELEVANT DATA AND INFORMATION |
87 | |||
21. INTERPRETATION AND CONCLUSIONS |
88 | |||
22. RECOMMENDATIONS |
90 | |||
23. REFERENCES |
91 | |||
24. ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON DEVELOPMENT PROPERTIES AND PRODUCTION PROPERTIES |
92 | |||
24.1 Mining |
92 | |||
24.1.1 Mine Layout |
92 | |||
24.1.2 Mining Method |
92 | |||
24.2 Processing |
93 | |||
24.2.1 Crushing |
94 | |||
24.2.2 Grinding and Classification |
94 | |||
24.2.3 Flotation |
94 | |||
24.2.4 Filtration |
95 |
43-101(PanAm) | Huaron Mine | 3 | ||
24.2.5 Reagents Used in the Plant |
96 | |||
24.3 Metal Recovery |
96 | |||
24.4 Tailings Management |
97 | |||
24.5 Environmental Considerations |
98 | |||
24.5.1 Mine Water Drainage |
98 | |||
24.5.2 Monitoring Program and Inspections |
99 | |||
24.5.3 Closure Plan |
99 | |||
24.6 Markets and Contracts |
100 | |||
24.7 Contracts |
101 | |||
24.8 Taxes |
102 | |||
24.8.1 Fiscal Depreciation Rates |
102 | |||
24.8.2 Income Tax and Workers Participation |
102 | |||
24.8.3 Value Added Taxes |
102 | |||
24.8.4 Mining Royalties |
102 | |||
24.8.5 Voluntary Contributions |
103 | |||
24.9 Capital and Operating Costs |
103 | |||
24.9.1 Capital Costs |
103 | |||
24.9.2 Operating Costs |
104 | |||
24.9.3 Economic Analysis |
106 | |||
24.9.4 Metal Price Sensitivity |
109 | |||
24.9.5 Grade Sensitivity |
109 | |||
24.9.6 Capital Cost Sensitivity |
110 | |||
24.9.7 Operating Cost Sensitivity |
110 | |||
24.10 Mine Life |
110 | |||
25.0 DATE AND SIGNATURE PAGE |
111 | |||
26.0 FIGURES |
112 | |||
43-101(PanAm) | Huaron Mine | 4 | ||
Table 3-1: |
Huaron Mineral Reserves | 12 | ||||
Table 3-2: |
Huaron Mineral Resources | 13 | ||||
Table 4-1: |
References | 17 | ||||
Table 6-1: |
Mining Concessions | 26 | ||||
Table 6-2: |
Concessions that were reviewed by Rodrigo, Elias & Medrano | 32 | ||||
Table 6-3: |
Existing Surface Rights | 35 | ||||
Table 8-1: |
Summary of costs to re open the Huraon operations | 45 | ||||
Table 10-1: |
Mineralized Structures | 51 | ||||
Table 12-1: |
Summary of 2006 and 2007 (to September) Diamond Drilling Exploration | 55 | ||||
Table 13-1: |
Result from 2006 Underground Diamond Drilling | 57 | ||||
Table 13-2: |
Result from 2007 Underground Diamond Drilling | 61 | ||||
Table 15-1: |
Certified Standard Value | 70 | ||||
Table 15-2: |
Monthly Average Assay Results of Inserted Standards | 70 | ||||
Table 18-1: |
Life of Mine Head Grade Projections | 78 | ||||
Table 18-2: |
Life of Mine Recovery Projections | 78 | ||||
Table 18-3: |
Life of Mine Concentrate Projections | 79 | ||||
Table 19-1: |
Variogram Parameters | 81 | ||||
Table 19-2: |
Applied specific gravity used for different veins at Huaron | 82 | ||||
Table 19-3: |
Resource Metal Price and Factors | 84 | ||||
Table 19-4: |
Reserve Cut Off Values | 84 | ||||
Table 24-1: |
Typical Reagent Consumption Rates | 96 | ||||
Table 24-2: |
Asset Retirement Obligation | 100 | ||||
Table 24-3: |
Concentrate Revenues 2006 | 101 | ||||
Table 24-4: |
List of Existing Sale Contracts | 101 | ||||
Table 24-5: |
Life of Mine Capital Expenditure Estimate | 103 | ||||
Table 24-6: |
Year 2006 Budget and Actual Operating Costs | 104 | ||||
Table 24-7: |
Life of Mine Operating Cost Projections | 105 | ||||
Table 24-8: |
Economic Model | 107 | ||||
Table 24-9: |
Metal Price Sensitivity | 109 | ||||
Table 24-10: |
Metal Grade Sensitivity | 109 | ||||
Table 24-11: |
Capital Cost Sensitivity | 110 | ||||
Table 24-12: |
Operating Cost Sensitivity | 110 |
43-101(PanAm) | Huaron Mine | 5 | ||
Figure 6-1A: |
Location Map of Huaron Mine (in Peru) | 112 | ||||
Figure 6-1B: |
Location Map of Huaron Mine (in Cerro de Pasco) | 113 | ||||
Figure 6-2A: |
Huaron Mine Property Layout | 114 | ||||
Figure 6-2B: |
Huaron Mine Infrastructure Layout | 115 | ||||
Figure 6-3: |
Mineralized Veins and Structures | 116 | ||||
Figure 6-4A: |
Boundaries of Mining Concessions | 117 | ||||
Figure 6-4B: |
Map of Huaron Mine | 118 | ||||
Figure 9-1A: |
Regional Geology | 119 | ||||
Figure 9-1B: |
Local Geology | 120 | ||||
Figure 11-1: |
Generalized Parangenesis | 121 | ||||
Figure 11-2: |
Mining Zoning | 122 | ||||
Figure 18-1: |
Reconfiguration of Grinding Circuit | 123 | ||||
Figure 18-2: |
Reconfiguration of Bulk Flotation Circuit | 124 | ||||
Figure 18-3: |
Reconfiguration of the Cu/Pb Flotation Circuit | 125 | ||||
Figure 18-4: |
Reconfiguration of the Zinc Flotation Circuit | 126 | ||||
Figure 19-1A: |
Variogram Analysis Alianza Vein | 127 | ||||
Figure 19-1B: |
Variogram Analysis Topada Vein | 128 | ||||
Figure 19-1C: |
Variogram Analysis Cometa Vein | 129 | ||||
Figure 25-1: |
Generalized Longitudinal Section of the Mine | 130 | ||||
Figure 25-2A: |
Cut and Fill Mechanized Method with Slusher | 131 | ||||
Figure 25-2B: |
Cut and Fill Mechanized Method with Scoop Tram | 132 | ||||
Figure 25-3A: |
Plant Flow Diagram | 133 | ||||
Figure 25-3B: |
Plant Components List | 134 |
Graph 10-1A: |
Distribution of Reserves by Deposit Type - Silver | 135 | ||||
Graph 10-1B: |
Distribution of Reserves by Deposit Type - Cu/Pb/Zn | 136 | ||||
Graph 11-1: |
Distribution of Silver by Silver Bearing Ore | 137 | ||||
Graph 11-2A: |
Distribution of Silver by Silver Bearing Ore - Silver | 138 | ||||
Graph 11-2B: |
Distribution of Silver by Silver Bearing Ore - Cu/Pb/Zn | 139 | ||||
Graph 15-1A: |
2006 Silver Assay Results of Inserted Blanks | 140 | ||||
Graph 15-1B: |
2006 Lead Assay Results of Inserted Blanks Huaron Lab | 141 | ||||
Graph 15-1C: |
2006 Zinc Assay Results of Inserted Blanks Huaron Lab | 142 | ||||
Graph 15-2A: |
2007 Assay Results of Inserted Standards | 143 | ||||
Graph 15-2B: |
2007 Copper Assay Results of Inserted Standards | 144 | ||||
Graph 15-2C: |
2007 Lead Assay Results of Inserted Standards | 145 | ||||
Graph 15-2D: |
2007 Zinc Assay Results of Inserted Standards | 146 | ||||
Graph 15-3A: |
Scatter Plot of Check Assays - Silver | 147 | ||||
Graph 15-3B: |
Scatter Plot of Check Assays - Copper | 148 | ||||
Graph 15-3C: |
Scatter Plot of Check Assays - Lead | 149 | ||||
Graph 15-3D: |
Scatter Plot of Check Assays - Zinc | 150 | ||||
Graph 15-4A: |
Thompson - Howard Graphs - Silver | 151 | ||||
Graph 15-4B: |
Thompson - Howard Graphs - Copper | 152 | ||||
Graph 15-4C: |
Thompson - Howard Graphs - Lead | 153 | ||||
Graph 15-4D: |
Thompson - Howard Graphs - Zinc | 154 | ||||
Graph 19-1A: |
December 2006 Reserves - Silver | 155 | ||||
Graph 19-1B: |
December 2006 Reserves - Cu/Pb/Zn | 156 |
43-101(PanAm) | Huaron Mine | 6 | ||
43-101(PanAm) | Huaron Mine | 7 | ||
43-101(PanAm) | Huaron Mine | 8 | ||
43-101(PanAm) | Huaron Mine | 9 | ||
43-101(PanAm) | Huaron Mine | 10 | ||
Reserve | Silver | Ag Content | ||||||||||||||||||||||
Category | Tonnes | (g/t) | (ounces) | % Copper | % Lead | % Zinc | ||||||||||||||||||
Proven | 4,638,300 | 184 | 27,438,944 | 0.31 | 1.57 | 3.16 | ||||||||||||||||||
Probable | 4,048,556 | 183 | 23,820,012 | 0.21 | 1.79 | 3.21 | ||||||||||||||||||
Total | 8,686,856 | 184 | 51,258,956 | 0.26 | 1.67 | 3.18 |
43-101(PanAm) | Huaron Mine | 11 | ||
Notes: | ||
1) | PAS share is 100% of the total mineral reserves, |
|
2) | Huarons mineral reserves have been estimated on the basis of blocks exposed by underground
workings on one or more sides and having an in-place diluted value equal to or above the
cut-off grade of $27/tonne. Proven and probable mineral reserves are extrapolated between 15 and 30 metres down dip
depending on vein continuity. |
|
3) | The geological model employed for Huaron involves geological interpretations on sections and
plans derived from core drill hole information and channel sampling, |
|
4) | Mineral reserves have been estimated using the OHara dilution formula, which typically adds
20% to 50% dilution at zero grade depending on dip angle and vein width. |
|
5) | Mineral reserves have been estimated using a mining recovery of 90% with a further 5%
subtracted for other mining losses. |
|
6) | The mining and processing rate is currently 2,390 tonnes per day, |
|
7) | Environmental, permitting, legal, title, taxation, socio economic, political, marketing or
other issues are not expected to materially effect the above estimate of mineral reserves |
|
8) | Calculated using a price of $9.00 per ounce of silver, $2,100 per tonne of zinc, $1,000 per
tonne of lead and $5,000 per tonne of copper. See also information in this Annual Information
Form under the heading Mineral Reserve and Mineral Resource estimate information. |
43-101(PanAm) | Huaron Mine | 12 | ||
Resource | Silver | Ag Content | ||||||||||||||||||||||
Category | Tonnes | (g/t) | (ounces) | % Copper | % Lead | % Zinc | ||||||||||||||||||
Measured |
1,581,966 | 166 | 8,442,984 | 0.45 | 2.02 | 3.68 | ||||||||||||||||||
Indicated |
1,168,964 | 174 | 6,539,448 | 0.55 | 1.86 | 3.83 | ||||||||||||||||||
Total M&I |
2,750,930 | 169 | 14,982,433 | 0.49 | 1.95 | 3.74 |
1) | PAS reports mineral resources and mineral reserves separately. Reported mineral resources do
not include amounts identified as mineral reserves. |
|
2) | PAS share is 100% of the total mineral resources. |
|
3) | The geological model employed for Huaron involves geological interpretations on sections and
plans derived from core drill-hole information and channel sampling. |
|
4) | The mining and processing rate is currently 2,390 tonnes per day. |
|
5) | Mineral resources for the principal structures are estimated with a 3 dimensional block model
using Datamine software. Mineral resources for minor structures are estimated using polygonal
methods on longitudinal sections. |
|
6) | Environmental, permitting, legal, title, taxation, socio economic, political, marketing or
other issues are not expected to materially effect the above estimate of mineral resources. |
|
7) | Mineral resources that are not mineral reserves do not have demonstrated economic viability. |
|
8) | Calculated using a price of $9.00 per ounce of silver, $2,100 per tonne of zinc, $1,000 per
tonne of lead and $5,000 per tonne of copper. See also information in this Annual Information
Form under the heading Mineral Reserve and Mineral Resource Estimate Information. |
43-101(PanAm) | Huaron Mine | 13 | ||
43-101(PanAm) | Huaron Mine | 14 | ||
43-101(PanAm) | Huaron Mine | 15 | ||
43-101(PanAm) | Huaron Mine | 16 | ||
Sources Of Information | Used In Section | |
Mr. Martin Wafforn, P.Eng.
|
1, 2, 3, 4, 5, 6, 7, 8, 17, 18, 20, 21, 22, 23, 24,25 | |
Dr. Michael Steinmann, P.Geo.,
|
1,2,3,4, 5, 9, 10, 11, 12, 13, 14, 15, 16, 19, 21, 22, 23, 24 | |
Mr. Elmer Ildefonso (consultant)
|
19 | |
Ignacio Couturier
|
25 | |
Rodrigo, Elias & Medrano (legal)
|
6.2, 6.4, 6.5 | |
SVS Ingenieros S.A (consultant)
|
25.5, 25.9 |
| PAS retained Estudios Mineros, an Engineering company based in Lima, Peru, to compile the
land map, mining concessions and surface rights presented in this Technical Report. |
| PAS retained the Peruvian law firm of Rodrigo, Elias & Medrano to review the public
register in Peru to ensure that the mining concessions and surface rights reported are held by
PASH. |
| The authors have reviewed the information contained in these documents and included in this
Technical Report and determined in their professional judgment that such information is sound
and confirm and approve of such information. |
| All tonnages stated in this Technical Report are dry metric tonnes (dmt) unless otherwise
specified. Ounces pertaining to silver metal content are expressed in troy ounces. All dollar
values stated in this report are U.S. dollars. |
| The authors of this Technical Report are responsible for all information in this Technical
Report that was not prepared by a Qualified Person, other than otherwise set out in Section 5,
Reliance on Experts. |
43-101(PanAm) | Huaron Mine | 17 | ||
43-101(PanAm) | Huaron Mine | 18 | ||
43-101(PanAm) | Huaron Mine | 19 | ||
| Under Peruvian law, the right to explore for and exploit minerals is granted by way of
concessions. Pursuant to Peruvian law, any local or foreign individual or legal entity is
required to hold a specific concession granted by the Ministry of Energy and Mines (MEM) to
carry out any mining activity other than: sampling, prospecting and/or trading in mining
products or minerals of any type and condition. The exploration for and extraction of mineral
substances from the ground or underground is governed by the Mining Law. |
| Under the Mining Law, the system of concessions includes: |
| Mining Concessions, which grant their holders the right to explore and exploit
the mineral resources, whether metallic or non-metallic, within the area conferred by
the concession; |
||
| Processing Concessions, which grant the right to process minerals. |
||
| General Service Concessions, which grant the right to render auxiliary services
to one or more mining concessions; and |
||
| Mining Transportation Concessions, which grant the holders the right to operate
a continuous massive transportation system of mineral products between one or more
mining units. |
| A Peruvian mining concession is a property-related right; distinct and independent from the
ownership of land on which it is located. The term of a concession is indefinite, provided
that related annual fees are duly paid. The rights manifested in a mining concession are
protected against third parties, transferable, chargeable and, in general, may be the subject
of any transaction or contract. Mining concessions may be privately owned and no state
participation is required. Buildings and other permanent structures used in a mining operation
are considered real property accessories to the concession on which they are situated. |
| The concession grants to the concessionaire the right to perform, on an exclusive basis,
certain mining activities within a duly determined area. All the concessions governed by the
Mining Law should be registered with the Registry of Mining Rights, which forms part of the
National System of Public Registers. They are also registered in the National Mining
Cadastre, which is managed by the National Institute of Mining, Metallurgical and Geological
Studies based on UTM coordinates. |
43-101(PanAm) | Huaron Mine | 20 | ||
| The Concessions are irrevocable as long as its holder complies with the annual payment of
the validity fee (US$3 per hectare) and penalties for not achieving a minimum production
(US$100 per hectare per year) within six years following the year in which the respective
Concession is granted. If said minimum production is not reached, as of the first semester of
the seventh year, the holder of the concession shall pay a US$6 penalty per hectare per year
until such production is reached (the penalties increase to US$20 as from the twelfth year).
It is possible to avoid payment of the penalty if evidence is presented to the mining
authorities that an amount equal to ten times the applicable penalty or more has been
invested. Non-compliance with any of these obligations for two consecutive years will result
in the extinction of the concession. Any payment made the year following a year of
non-compliance will apply to the immediate previous year. |
| To comply with the established work and production obligations, holders of more than one
mining concession of the same type and nature may group them in economic administrative units,
provided the concessions are located within the same 5 km surface radius, in the case of
non-ferrous metallic minerals. To form such economic administrative units requires approval
from the General Mining Directorate. |
| Concessions may be transferred, assigned and mortgaged, while any movable assets used in
mining activities as well as minerals extracted and/or processed from such concessions that
belong to the concessionaire may be pledged. Any and all of these transactions and contracts
must be formalized through a public deed and registered before the Mining Public Registry for
them to be enforceable against the State and third parties. |
| It is important to note that the concept of overlapping with predecessor mineral titles is
not uncommon in Peru. Such overlapping is common with regard to Peruvian mineral title as a
result of a change to the Peruvian official system of granting mining concessions implemented
in 1991 and which is based on UTM coordinates. |
| Administrative requirements include the Filing of a document in which information on the
activities performed on the mining property during the previous year is provided to the mining
authorities. |
| The status of the Mining Properties at the computerized system of the INGEMMENT (Instituto
Nacional Geológico Minero y Metalúrgico); |
| In detail, the Public Registry records for each one of the Mining Properties. |
43-101(PanAm) | Huaron Mine | 21 | ||
| The official list of mining rights updated to December 31, 2006 (Padrón Minero),
published by the INGEMMET. |
| Information and documentation provided by PASH. |
1. | All of the 119 Mining Properties, plus one beneficiation concession, are in good standing
considering good standing as a situation in which such Mining Properties and benefication
concession remain valid, in full force and effect and there are no circumstances which are
likely to give rise to the Mining Properties or benefication concessions to be declared
extinguished by the Peruvian State, in the ordinary course of events. |
|
For 8 of the Mining Properties, the payment of the validity fee for 2007 was not able to be
verified (fulfillment of the obligation for 2006 was verified). Non-compliance for 2
consecutive years would result in the extinction of the property. (PASH intends to ensure
compliance with the payment obligation to prevent extinction of the properties). |
||
2. | Mining concession titles have been granted with respect to all Mining Properties. |
3. | All Mining Properties titles have been registered with the Public Registry. There are twenty
one properties that need to be duly registered with the Public Registry. The rights derived
from the concession title exist and may be exercised by PASH but additional protection is
provided by public registry. In addition there is a minor name change for one property that
has not been duly recorded with the Public Registry. |
4. | Compania Minera Huaron S.A. (absorbed by Quiruvilca in 2006) or Pan American Silver Peru
S.A.C. are the current 100% registered titleholders of all the Mining Properties. In the case
of two of the mining concessions, there is a registered interest that a number of third
parties appear to have over them. |
a) | Nuestra Senora de Milagro 11.9793 Hectares: Compania Minera Huaron S.A, 50% and
third parties 50%. |
||
b) | Pandoara 1.9966 Hectares: Compania Minera Huaron 50%, and third parties the
remainder. |
43-101(PanAm) | Huaron Mine | 22 | ||
5. | By public deeds dated September 14, 2000 and August 1, 2001, Compania Minera Huaron S.A.
transferred to Empressa Administradora Chungar S.A.C., amongst other properties 78.5754
hectares of the Mining Property Acumulacion Huaron 3, 249.7079 hectares of Acumulacion
Huaron 6, 1.9944 hectares of Huaron-1 and 21.75 hectares of C.M.H. No.74. The procedures
necessary to split out the areas of the aforementioned Mining Properties are in process by the
Peru Ministry of Energy and Mines and are still pending. As a consequence of this, PASH
appears as the titleholder of the whole area of these properties in the Public Registry. The
co-authors have reviewed this and confirm that none of the mineral reserves and mineral
resources stated in this report are on the portions of the properties not owned by PASH. |
6. | There is a mortgage of US$13.16 million in favor of Glencore International AG in order to
guarantee the completion of obligations of a loan facility entered into on October 21, 2001.
The mortgage concerns the following mining properties: C.M.H. No. 75; Dardanelos; Relave
Francois 1, Teutonia 79; Teutonia Dos 79; Teutonia tres 79, Huaron 1 and Huaron 2. This loan
facility agreement has since been cancelled nevertheless cancellation of the agreement needs
to be registered for it to be removed from the public record. |
7. | There is a precautionary measure placed on the Olvido and Rosario mining properties relating
to a law suit that was cancelled in 1963. The resolution of the law suit should have included
cancellation of this measure on those properties and therefore if discrepancies arise
pertaining to the ownership of the Olvido and Rosario mining properties the ownership should
be easily mended without major inconveniences. |
8. | There is an easement for the construction of a drainage tunnel over the Alpamina, C.P.H. No.
6, Juana and Labor y Constancia mining properties. This agreement dates back to the water
inflow to the Chungar Mine from Nanticocha Lake on April 23, 1998. The agreement was ended on
September 14, 2000 by means of another agreement; however, the easement remains over parts of
the 400 and 250 levels at the Huaron Mine. |
9. | There is a small degree of overlapping with third parties mining rights. This is a result of
regulatory modification in Peru to the system of using UTM co-ordinates in 1991. It is quite
common for Peruvian mining rights to be overlapping and in these cases the older mining
concessions have priority. Likewise there is some potential for blank spaces, these spaces in
the case of the Huaron property would be small. |
i) | Purchase the corresponding surface land; |
43-101(PanAm) | Huaron Mine | 23 | ||
ii) | Reach an agreement with landholders for its temporary use,
and |
||
iii) | Obtain the imposition of a legal easement by the MEM. |
a) | Estancia Wuiscas (about 3 hectares) acquired from huayllay through public deed dated
October 23, 1996. |
||
b) | Easement right (about 11 hectares) acquired from San Augustin de Huaychao through
public deed dated March 14, 2000 for the Shuisha Site. |
||
c) | Easement right of 167 hectares acquired from Huayllay through public deed dated March
28, 2000. |
||
d) | Easement right of 11 hectares acquired from Huayllay through public deed dated December
11, 2000. |
||
e) | Easement right of 2.5 hectares acquired from Huayllay through public deed dated April
4, 2002. |
||
f) | Easement right of 50 hectares acquired from Huaychao through public deed dated April 4,
2002. |
||
g) | Easement right of 9.79 hectares divided in two lots acquired from Huayllay through
public deed dated January 7, 2004. |
||
h) | Easement right of 16 hectares in the Trapiche area to be revegetated and 54.26 hectares
of other community lands acquired from Huayllay through private agreement dated June 11,
2007. |
||
i) | Easement right of 2 hectares acquired from Huayllay through private agreement dated
June 20, 2007. |
43-101(PanAm) | Huaron Mine | 24 | ||
43-101(PanAm) | Huaron Mine | 25 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
1
|
04003370Y01 | ABUNDANCIA | COMPAÑIA MINERA HUARON S.A. | 9/1/1917 | 0.16 | D.M. Titulado D.L. 109 | ||||||||||
2
|
0403370AY01 | ABUNDANCIA-A | COMPAÑIA MINERA HUARON S.A. | 9/1/1917 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
3
|
04013287X01 | ACUMULACION HUARON-4 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 96.66 | Acumulación D.M. Titulada | ||||||||||
4
|
04013289X01 | ACUMULACION HUARON 6 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 242.7013 | Acumulación D.M. Titulada | ||||||||||
5
|
04013284X01 | ACUMULACION HUARON-1 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 795.67 | Acumulación D.M. Titulada | ||||||||||
6
|
04013285X01 | ACUMULACION HUARON-2 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 540.49 | Acumulación D.M. Titulada | ||||||||||
7
|
04013286X01 | ACUMULACION HUARON-3 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 534.4302 | Acumulación D.M. Titulada | ||||||||||
8
|
04013290X01 | ACUMULACION HUARON-7 | COMPAÑIA MINERA HUARON S.A. | 6/20/1985 | 795.07 | Acumulación D.M. Titulada | ||||||||||
9
|
04002265Y01 | ALIANZA Y FIRMEZA | COMPAÑIA MINERA HUARON S.A. | 5/15/1901 | 0.06 | D.M. Titulado D.L. 109 | ||||||||||
10
|
0402265AY01 | ALIANZA Y FIRMEZA-A | COMPAÑIA MINERA HUARON S.A. | 5/15/1901 | 0.02 | D.M. Titulado D.L. 109 | ||||||||||
11
|
04004655X01 | ALICIA | COMPAÑIA MINERA HUARON S.A. | 8/9/1912 | 0.77 | D.M. Titulado D.L. 109 | ||||||||||
12
|
04002572X01 | ALPAMINA | COMPAÑIA MINERA HUARON S.A. | 10/25/1905 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
13
|
0402572AX01 | ALPAMINA-A | COMPAÑIA MINERA HUARON S.A. | 10/25/1905 | 0.85 | D.M. Titulado D.L. 109 | ||||||||||
14
|
04000997X01 | ANIMAS | COMPAÑIA MINERA HUARON S.A. | 5/10/1902 | 0.19 | D.M. Titulado D.L. 109 | ||||||||||
15
|
04003431X01 | APURO | COMPAÑIA MINERA HUARON S.A. | 1/27/1908 | 0.37 | D.M. Titulado D.L. 109 | ||||||||||
16
|
11023860X01 | AURORA-10 | COMPAÑIA MINERA HUARON S.A. | 1/16/1981 | 878.55 | D.M. Titulado D.L. 109 | ||||||||||
17
|
04000466X01 | BALCON DE JUDAS | COMPAÑIA MINERA HUARON S.A. | 10/24/1901 | 17.97 | D.M. Titulado D.L. 109 | ||||||||||
18
|
04001000X01 | BALSAMO | COMPAÑIA MINERA HUARON S.A. | 5/10/1902 | 2.00 | D.M. Titulado D.L. 109 | ||||||||||
19
|
04009964X01 | C.M.H. CHASQUI-HUASI | COMPAÑIA MINERA HUARON S.A. | 8/31/1953 | 32.00 | D.M. Titulado D.L. 109 | ||||||||||
20
|
04009995X01 | C.M.H. CHASQUIHUASI NUMERO DOS | COMPAÑIA MINERA HUARON S.A. | 4/10/1954 | 16.00 | D.M. Titulado D.L. 109 | ||||||||||
21
|
07000365X01 | C.M.H. LIMONITA NORTE | COMPAÑIA MINERA HUARON S.A. | 4/23/1956 | 56.00 | D.M. Titulado D.L. 109 | ||||||||||
22
|
07000367X01 | C.M.H. LIMONITA SUR | COMPAÑIA MINERA HUARON S.A. | 4/23/1956 | 40.00 | D.M. Titulado D.L. 109 | ||||||||||
23
|
04013394X01 | C.M.H. Nº 101 | COMPAÑIA MINERA HUARON S.A. | 5/4/1987 | 0.57 | D.M. Titulado D.L. 109 | ||||||||||
24
|
04013495X01 | C.M.H. Nº 102 | COMPAÑIA MINERA HUARON S.A. | 5/2/1991 | 1.16 | D.M. Titulado D.L. 109 | ||||||||||
25
|
04013496X01 | C.M.H. Nº 103 | COMPAÑIA MINERA HUARON S.A. | 5/2/1991 | 0.18 | D.M. Titulado D.L. 109 | ||||||||||
26
|
04010514X01 | C.M.H. Nº 15 | COMPAÑIA MINERA HUARON S.A. | 7/18/1957 | 125.78 | D.M. Titulado D.L. 109 | ||||||||||
27
|
04008913X01 | C.M.H. Nº 16 | COMPAÑIA MINERA HUARON S.A. | 6/5/1944 | 0.73 | D.M. Titulado D.L. 109 | ||||||||||
28
|
04008978X01 | C.M.H. Nº 18 | COMPAÑIA MINERA HUARON S.A. | 9/5/1945 | 8.00 | D.M. Titulado D.L. 109 | ||||||||||
29
|
04009045X01 | C.M.H. Nº 19 | COMPAÑIA MINERA HUARON S.A. | 8/20/1946 | 16.00 | D.M. Titulado D.L. 109 | ||||||||||
30
|
04008319X01 | C.M.H. Nº 2 | COMPAÑIA MINERA HUARON S.A. | 5/3/1937 | 0.94 | D.M. Titulado D.L. 109 | ||||||||||
31
|
04009299X01 | C.M.H. Nº 25 | COMPAÑIA MINERA HUARON S.A. | 4/9/1949 | 21.66 | D.M. Titulado D.L. 109 | ||||||||||
32
|
04009300X01 | C.M.H. Nº 27 | COMPAÑIA MINERA HUARON S.A. | 4/11/1949 | 2.71 | D.M. Titulado D.L. 109 | ||||||||||
33
|
04009301X01 | C.M.H. Nº 28 | COMPAÑIA MINERA HUARON S.A. | 4/11/1949 | 29.61 | D.M. Titulado D.L. 109 | ||||||||||
34
|
04008320X01 | C.M.H. Nº 3 | COMPAÑIA MINERA HUARON S.A. | 5/3/1937 | 0.52 | D.M. Titulado D.L. 109 | ||||||||||
35
|
04009303X01 | C.M.H. Nº 30 | COMPAÑIA MINERA HUARON S.A. | 4/11/1949 | 0.33 | D.M. Titulado D.L. 109 | ||||||||||
36
|
04009433X02 | C.M.H. Nº 33 | COMPAÑIA MINERA HUARON S.A. | 11/17/1950 | 1.79 | D.M. Titulado D.L. 109 | ||||||||||
37
|
04009435X01 | C.M.H. Nº 35 | COMPAÑIA MINERA HUARON S.A. | 11/17/1950 | 0.25 | D.M. Titulado D.L. 109 | ||||||||||
38
|
0403885AY01 | C.M.H. Nº 3-A | COMPAÑIA MINERA HUARON S.A. | 11/17/1950 | 0.74 | D.M. Titulado D.L. 109 | ||||||||||
39
|
04009481X01 | C.M.H. Nº 44 | COMPAÑIA MINERA HUARON S.A. | 4/9/1951 | 0.80 | D.M. Titulado D.L. 109 | ||||||||||
40
|
04008593X01 | C.M.H. Nº 5 | COMPAÑIA MINERA HUARON S.A. | 2/7/1941 | 0.24 | D.M. Titulado D.L. 109 | ||||||||||
41
|
04009488X01 | C.M.H. Nº 51 | COMPAÑIA MINERA HUARON S.A. | 4/9/1951 | 0.13 | D.M. Titulado D.L. 109 | ||||||||||
42
|
04009495X01 | C.M.H. Nº 52 | COMPAÑIA MINERA HUARON S.A. | 4/25/1951 | 0.88 | D.M. Titulado D.L. 109 | ||||||||||
43
|
04009581X01 | C.M.H. Nº 57 | COMPAÑIA MINERA HUARON S.A. | 11/19/1951 | 0.10 | D.M. Titulado D.L. 109 | ||||||||||
44
|
04009589X01 | C.M.H. Nº 65 | COMPAÑIA MINERA HUARON S.A. | 11/19/1951 | 0.08 | D.M. Titulado D.L. 109 | ||||||||||
45
|
04009591X01 | C.M.H. Nº 67 | COMPAÑIA MINERA HUARON S.A. | 11/19/1951 | 0.03 | D.M. Titulado D.L. 109 | ||||||||||
46
|
04008823X01 | C.M.H. Nº 7 | COMPAÑIA MINERA HUARON S.A. | 4/16/1943 | 0.14 | D.M. Titulado D.L. 109 |
43-101(PanAm) | Huaron Mine | 26 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
47
|
04009595X01 | C.M.H. Nº 71 | COMPAÑIA MINERA HUARON S.A. | 11/19/1951 | 7.68 | D.M. Titulado D.L. 109 | ||||||||||
48
|
04009596X01 | C.M.H. Nº 72 | COMPAÑIA MINERA HUARON S.A. | 11/19/1951 | 9.39 | D.M. Titulado D.L. 109 | ||||||||||
49
|
04009843X01 | C.M.H. Nº 74 | COMPAÑIA MINERA HUARON S.A. | 8/16/1952 | 4.4179 | D.M. Titulado D.L. 109 | ||||||||||
50
|
04009844X01 | C.M.H. Nº 75 | COMPAÑIA MINERA HUARON S.A. | 8/16/1952 | 0.23 | D.M. Titulado D.L. 109 | ||||||||||
51
|
04009846X01 | C.M.H. Nº 76 | COMPAÑIA MINERA HUARON S.A. | 8/16/1952 | 0.10 | D.M. Titulado D.L. 109 | ||||||||||
52
|
04010746X01 | C.M.H. Nº 79 | COMPAÑIA MINERA HUARON S.A. | 11/13/1959 | 0.56 | D.M. Titulado D.L. 109 | ||||||||||
53
|
04009911X01 | C.M.H. TIPISH | COMPAÑIA MINERA HUARON S.A. | 1/31/1953 | 60.00 | D.M. Titulado D.L. 109 | ||||||||||
54
|
04007533X01 | C.P.H. Nº 1 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.06 | D.M. Titulado D.L. 109 | ||||||||||
55
|
04007547X01 | C.P.H. Nº 15 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.00 | D.M. Titulado D.L. 109 | ||||||||||
56
|
0407533AX01 | C.P.H. Nº 1-A | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.17 | D.M. Titulado D.L. 109 | ||||||||||
57
|
04007534X01 | C.P.H. Nº 2 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.02 | D.M. Titulado D.L. 109 | ||||||||||
58
|
04007555X01 | C.P.H. Nº 23 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.55 | D.M. Titulado D.L. 109 | ||||||||||
59
|
04007556X01 | C.P.H. Nº 24 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.86 | D.M. Titulado D.L. 109 | ||||||||||
60
|
0407534AX01 | C.P.H. Nº 2-A | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.38 | D.M. Titulado D.L. 109 | ||||||||||
61
|
04007536X01 | C.P.H. Nº 4 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
62
|
04007594X01 | C.P.H. Nº 55 | COMPAÑIA MINERA HUARON S.A. | 3/29/1926 | 0.06 | D.M. Titulado D.L. 109 | ||||||||||
63
|
0403659AY01 | C.P.H. Nº 55-A | COMPAÑIA MINERA HUARON S.A. | 3/29/1926 | 0.34 | D.M. Titulado D.L. 109 | ||||||||||
64
|
04007538X01 | C.P.H. Nº 6 | COMPAÑIA MINERA HUARON S.A. | 5/12/1926 | 0.45 | D.M. Titulado D.L. 109 | ||||||||||
65
|
04000874X01 | CAGLIOSTRO | COMPAÑIA MINERA HUARON S.A. | 4/4/1902 | 1.28 | D.M. Titulado D.L. 109 | ||||||||||
66
|
04003371Y01 | CATORCE DE ABRIL | COMPAÑIA MINERA HUARON S.A. | 9/28/1917 | 0.09 | D.M. Titulado D.L. 109 | ||||||||||
67
|
07000366X01 | CMH CUESTAS | COMPAÑIA MINERA HUARON S.A. | 4/23/1956 | 18.00 | D.M. Titulado D.L. 109 | ||||||||||
68
|
04000832X01 | COMETA | COMPAÑIA MINERA HUARON S.A. | 3/4/1902 | 15.97 | D.M. Titulado D.L. 109 | ||||||||||
69
|
P0100085 | CONCENTRADORA FRANCOIS | COMPAÑIA MINERA HUARON S.A. | 3/4/1902 | 48.00 | Planta de Beneficio | ||||||||||
70
|
04002573X01 | CONCHUCOS | COMPAÑIA MINERA HUARON S.A. | 10/25/1905 | 0.68 | D.M. Titulado D.L. 109 | ||||||||||
71
|
04002451Y01 | CONSTANCIA | COMPAÑIA MINERA HUARON S.A. | 2/13/1902 | 1.08 | D.M. Titulado D.L. 109 | ||||||||||
72
|
0402451AY01 | CONSTANCIA-A | COMPAÑIA MINERA HUARON S.A. | 2/13/1902 | 0.07 | D.M. Titulado D.L. 109 | ||||||||||
73
|
04008037X01 | CORDOBA | COMPAÑIA MINERA HUARON S.A. | 5/7/1935 | 0.96 | D.M. Titulado D.L. 109 | ||||||||||
74
|
04012511X01 | DARDANELOS | COMPAÑIA MINERA HUARON S.A. | 12/7/1978 | 0.20 | D.M. Titulado D.L. 109 | ||||||||||
75
|
04003615X01 | DIECINUEVE DE SETIEMBRE | COMPAÑIA MINERA HUARON S.A. | 11/18/1908 | 0.57 | D.M. Titulado D.L. 109 | ||||||||||
76
|
04013463X01 | DON JUAN Nº 2-88 | COMPAÑIA MINERA HUARON S.A. | 4/5/1989 | 687.54 | D.M. Titulado D.L. 109 | ||||||||||
77
|
04013464X01 | DON JUAN Nº 4-88 | COMPAÑIA MINERA HUARON S.A. | 4/5/1989 | 240.00 | D.M. Titulado D.L. 109 | ||||||||||
78
|
04004653X01 | DON PABLO | COMPAÑIA MINERA HUARON S.A. | 8/9/1912 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
79
|
04003023X01 | EL RAYO | COMPAÑIA MINERA HUARON S.A. | 11/26/1906 | 0.21 | D.M. Titulado D.L. 109 | ||||||||||
80
|
04003024X01 | EL TRUENO | COMPAÑIA MINERA HUARON S.A. | 11/26/1906 | 0.07 | D.M. Titulado D.L. 109 | ||||||||||
81
|
04008033X01 | ESPAÑA | COMPAÑIA MINERA HUARON S.A. | 5/7/1935 | 0.11 | D.M. Titulado D.L. 109 | ||||||||||
82
|
04006692X01 | FARALLON | COMPAÑIA MINERA HUARON S.A. | 9/1/1920 | 7.99 | D.M. Titulado D.L. 109 | ||||||||||
83
|
04008586X01 | FLORENCIA | COMPAÑIA MINERA HUARON S.A. | 5/2/1912 | 0.12 | D.M. Titulado D.L. 109 | ||||||||||
84
|
0403093AY01 | FLORENCIA-A | COMPAÑIA MINERA HUARON S.A. | 5/2/1912 | 0.24 | D.M. Titulado D.L. 109 | ||||||||||
85
|
04004527X01 | GAVIOTA | COMPAÑIA MINERA HUARON S.A. | 4/10/1912 | 0.92 | D.M. Titulado D.L. 109 | ||||||||||
86
|
0404527AX01 | GAVIOTA-A | COMPAÑIA MINERA HUARON S.A. | 4/10/1912 | 1.86 | D.M. Titulado D.L. 109 | ||||||||||
87
|
04008276X01 | GRANADA | COMPAÑIA MINERA HUARON S.A. | 12/17/1936 | 5.58 | D.M. Titulado D.L. 109 | ||||||||||
88
|
04004591X01 | GUILLERMO BILLINGHURST | COMPAÑIA MINERA HUARON S.A. | 5/20/1912 | 0.28 | D.M. Titulado D.L. 109 | ||||||||||
89
|
010236398 | HORIZONTE 10 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 500.00 | D.M. Titulado D.L. 708 | ||||||||||
90
|
010236498 | HORIZONTE 11 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
91
|
010236698 | HORIZONTE 13 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 700.00 | D.M. Titulado D.L. 708 | ||||||||||
92
|
010236798 | HORIZONTE 14 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
93
|
010236898 | HORIZONTE 15 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
94
|
010236998 | HORIZONTE 16 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
95
|
010237198 | HORIZONTE 18 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 800.00 | D.M. Titulado D.L. 708 | ||||||||||
96
|
010237298 | HORIZONTE 19 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 700.00 | D.M. Titulado D.L. 708 |
43-101(PanAm) | Huaron Mine | 27 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
97
|
010237398 | HORIZONTE 20 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
98
|
010237498 | HORIZONTE 21 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
99
|
010237598 | HORIZONTE 22 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
100
|
010237698 | HORIZONTE 23 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 600.00 | D.M. Titulado D.L. 708 | ||||||||||
101
|
010238898 | HORIZONTE 31 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 900.00 | D.M. Titulado D.L. 708 | ||||||||||
102
|
010238998 | HORIZONTE 32 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 700.00 | D.M. Titulado D.L. 708 | ||||||||||
103
|
010239098 | HORIZONTE 33 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 900.00 | D.M. Titulado D.L. 708 | ||||||||||
104
|
010239198 | HORIZONTE 34 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
105
|
010239598 | HORIZONTE 38 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
106
|
010239698 | HORIZONTE 39 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
107
|
010235798 | HORIZONTE 4 | COMPAÑIA MINERA HUARON S.A. | 11/25/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
108
|
010239798 | HORIZONTE 40 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
109
|
010239898 | HORIZONTE 41 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
110
|
010239998 | HORIZONTE 42 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
111
|
010240098 | HORIZONTE 43 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
112
|
010240298 | HORIZONTE 45 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 600.00 | D.M. Titulado D.L. 708 | ||||||||||
113
|
010240398 | HORIZONTE 46 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 600.00 | D.M. Titulado D.L. 708 | ||||||||||
114
|
010240498 | HORIZONTE 47 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
115
|
010240598 | HORIZONTE 48 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
116
|
010240698 | HORIZONTE 49 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
117
|
010240798 | HORIZONTE 50 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
118
|
010241698 | HORIZONTE 59 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 800.00 | D.M. Titulado D.L. 708 | ||||||||||
119
|
010241798 | HORIZONTE 60 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
120
|
010241898 | HORIZONTE 61 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
121
|
010241998 | HORIZONTE 62 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
122
|
010242098 | HORIZONTE 63 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
123
|
010242198 | HORIZONTE 64 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
124
|
010242298 | HORIZONTE 65 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
125
|
010242398 | HORIZONTE 66 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
126
|
010242498 | HORIZONTE 67 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
127
|
010242598 | HORIZONTE 68 | COMPAÑIA MINERA HUARON S.A. | 11/27/1998 | 400.00 | D.M. Titulado D.L. 708 | ||||||||||
128
|
04002568X01 | HUALGAYOC | COMPAÑIA MINERA HUARON S.A. | 10/23/1905 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
129
|
04002567X01 | HUANCAVELICA | COMPAÑIA MINERA HUARON S.A. | 10/23/1905 | 0.03 | D.M. Titulado D.L. 109 | ||||||||||
130
|
04006355X01 | HUAROCHIRI | COMPAÑIA MINERA HUARON S.A. | 6/3/1919 | 0.59 | D.M. Titulado D.L. 109 | ||||||||||
131
|
010250094 | HUARON 1 | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 500.00 | D.M. Titulado D.L. 708 | ||||||||||
132
|
010250194 | HUARON 2 | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 209.6609 | D.M. Titulado D.L. 708 | ||||||||||
133
|
010250194A | HUARON 2A | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 200.00 | D.M. Titulado D.L. 708 | ||||||||||
134
|
010250294 | HUARON 3 | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
135
|
010250394 | HUARON 4 | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
136
|
010250494 | HUARON 5 | COMPAÑIA MINERA HUARON S.A. | 4/28/1994 | 700.00 | D.M. Titulado D.L. 708 | ||||||||||
137
|
04008295X01 | JUANA | COMPAÑIA MINERA HUARON S.A. | 2/22/1937 | 0.04 | D.M. Titulado D.L. 109 | ||||||||||
138
|
04002211Y01 | LA ALIANZA | COMPAÑIA MINERA HUARON S.A. | 7/15/1901 | 11.98 | D.M. Titulado D.L. 109 | ||||||||||
139
|
04001001X01 | LA CENTRAL | COMPAÑIA MINERA HUARON S.A. | 5/10/1902 | 2.00 | D.M. Titulado D.L. 109 | ||||||||||
140
|
04006749X01 | LA HUACA | COMPAÑIA MINERA HUARON S.A. | 10/18/1920 | 0.71 | D.M. Titulado D.L. 109 | ||||||||||
141
|
0403589AY01 | LA HUACA-A | COMPAÑIA MINERA HUARON S.A. | 10/18/1920 | 0.09 | D.M. Titulado D.L. 109 | ||||||||||
142
|
0403589BY01 | LA HUACA-B | COMPAÑIA MINERA HUARON S.A. | 10/18/1920 | 0.05 | D.M. Titulado D.L. 109 | ||||||||||
143
|
04004599X01 | LA PEDRERA | COMPAÑIA MINERA HUARON S.A. | 5/28/1912 | 0.51 | D.M. Titulado D.L. 109 | ||||||||||
144
|
04000099X01 | LA PROVIDENCIA | COMPAÑIA MINERA HUARON S.A. | 5/24/1901 | 0.01 | D.M. Titulado D.L. 109 | ||||||||||
145
|
04000998X01 | LA TAPADA | COMPAÑIA MINERA HUARON S.A. | 5/10/1902 | 3.99 | D.M. Titulado D.L. 109 | ||||||||||
146
|
04770771X01 | LABOR Y CONSTANCIA | COMPAÑIA MINERA HUARON S.A. | 2/13/1902 | 23.96 | D.M. Titulado D.L. 109 | ||||||||||
147
|
11024448X01 | MANCAHUCRO | COMPAÑIA MINERA HUARON S.A. | 9/15/1982 | 303.96 | D.M. Titulado D.L. 109 |
43-101(PanAm) | Huaron Mine | 28 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
148
|
04001486X01 | MANLINCHER | COMPAÑIA MINERA HUARON S.A. | 2/10/1903 | 6.00 | D.M. Titulado D.L. 109 | ||||||||||
149
|
04006337X01 | MARIA | COMPAÑIA MINERA HUARON S.A. | 5/26/1919 | 0.08 | D.M. Titulado D.L. 109 | ||||||||||
150
|
04000632X01 | MARTE | COMPAÑIA MINERA HUARON S.A. | 12/2/1901 | 0.08 | D.M. Titulado D.L. 109 | ||||||||||
151
|
04008014X01 | MAX | COMPAÑIA MINERA HUARON S.A. | 5/6/1935 | 0.06 | D.M. Titulado D.L. 109 | ||||||||||
152
|
04008013X01 | MICHEL | COMPAÑIA MINERA HUARON S.A. | 5/4/1935 | 0.54 | D.M. Titulado D.L. 109 | ||||||||||
153
|
04002570X01 | MOROCOCHA | COMPAÑIA MINERA HUARON S.A. | 10/25/1905 | 0.07 | D.M. Titulado D.L. 109 | ||||||||||
154
|
04007963X01 | NUESTRA SEÑORA DEL MILAGRO | COMPAÑIA MINERA HUARON S.A. | 11/25/1934 | 11.98 | D.M. Titulado D.L. 109 | ||||||||||
155
|
04002435Y01 | NUESTRA SEÑORA DEL ROSARIO | COMPAÑIA MINERA HUARON S.A. | 5/24/1901 | 0.16 | D.M. Titulado D.L. 109 | ||||||||||
156
|
04002617X01 | OLVIDO | COMPAÑIA MINERA HUARON S.A. | 11/30/1905 | 2.40 | D.M. Titulado D.L. 109 | ||||||||||
157
|
04000999X01 | ORACULO | COMPAÑIA MINERA HUARON S.A. | 5/10/1902 | 3.99 | D.M. Titulado D.L. 109 | ||||||||||
158
|
04006436X01 | PACHITEA | COMPAÑIA MINERA HUARON S.A. | 9/10/1919 | 0.77 | D.M. Titulado D.L. 109 | ||||||||||
159
|
04007960X01 | PANDORA | COMPAÑIA MINERA HUARON S.A. | 11/21/1905 | 2.00 | D.M. Titulado D.L. 109 | ||||||||||
160
|
04000811X01 | PLANETA | COMPAÑIA MINERA HUARON S.A. | 3/4/1902 | 2.00 | D.M. Titulado D.L. 109 | ||||||||||
161
|
04012743X01 | RELAVE FRANCOIS-1 | COMPAÑIA MINERA HUARON S.A. | 2/6/1980 | 60.00 | D.M. Titulado D.L. 109 | ||||||||||
162
|
04001253Y01 | ROSARIO | COMPAÑIA MINERA HUARON S.A. | 7/11/18888 | 2.11 | D.M. Titulado D.L. 109 | ||||||||||
163
|
04007524X01 | ROSARIO NUMERO CINCO | COMPAÑIA MINERA HUARON S.A. | 5/1/1926 | 0.01 | D.M. Titulado D.L. 109 | ||||||||||
164
|
04008019X01 | ROSARIO NUMERO CUATRO | COMPAÑIA MINERA HUARON S.A. | 5/6/1935 | 0.02 | D.M. Titulado D.L. 109 | ||||||||||
165
|
04001130X01 | SACERDOTIZA | COMPAÑIA MINERA HUARON S.A. | 8/11/1902 | 0.14 | D.M. Titulado D.L. 109 | ||||||||||
166
|
11024447X01 | SAN CAMILO | COMPAÑIA MINERA HUARON S.A. | 9/15/1982 | 211.72 | D.M. Titulado D.L. 109 | ||||||||||
167
|
04012993X01 | SAN CARLOS 79 | COMPAÑIA MINERA HUARON S.A. | 3/27/1981 | 182.00 | D.M. Titulado D.L. 109 | ||||||||||
168
|
07000131X01 | SAN JORGE II | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 40.00 | D.M. Titulado D.L. 109 | ||||||||||
169
|
07000132X01 | SAN JORGE III | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 32.00 | D.M. Titulado D.L. 109 | ||||||||||
170
|
07000130X01 | SAN JORGE IV | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 50.00 | D.M. Titulado D.L. 109 | ||||||||||
171
|
07000146X01 | SAN JORGE IX | COMPAÑIA MINERA HUARON S.A. | 10/6/1952 | 48.00 | D.M. Titulado D.L. 109 | ||||||||||
172
|
07000017X01 | SAN JORGE Nº 1 | COMPAÑIA MINERA HUARON S.A. | 7/25/1951 | 120.00 | D.M. Titulado D.L. 109 | ||||||||||
173
|
07000133X01 | SAN JORGE V | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 32.00 | D.M. Titulado D.L. 109 | ||||||||||
174
|
07000134X01 | SAN JORGE VI | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 72.00 | D.M. Titulado D.L. 109 | ||||||||||
175
|
07000135X01 | SAN JORGE VII | COMPAÑIA MINERA HUARON S.A. | 8/18/1952 | 36.00 | D.M. Titulado D.L. 109 | ||||||||||
176
|
07000145X01 | SAN JORGE VIII | COMPAÑIA MINERA HUARON S.A. | 10/6/1952 | 30.00 | D.M. Titulado D.L. 109 | ||||||||||
177
|
04004654X01 | SANTIAGO | COMPAÑIA MINERA HUARON S.A. | 8/9/1912 | 0.03 | D.M. Titulado D.L. 109 | ||||||||||
178
|
04008039X01 | SEVILLA | COMPAÑIA MINERA HUARON S.A. | 5/7/1935 | 0.06 | D.M. Titulado D.L. 109 | ||||||||||
179
|
04012512X01 | TEUTONIA 79 | COMPAÑIA MINERA HUARON S.A. | 12/7/1978 | 0.04 | D.M. Titulado D.L. 109 | ||||||||||
180
|
04012513X01 | TEUTONIA DOS-79 | COMPAÑIA MINERA HUARON S.A. | 12/7/1978 | 3.51 | D.M. Titulado D.L. 109 | ||||||||||
181
|
04012514X01 | TEUTONIA TRES-79 | COMPAÑIA MINERA HUARON S.A. | 12/7/1978 | 0.00 | D.M. Titulado D.L. 109 | ||||||||||
182
|
04004857X01 | VEINTE DE FEBRERO | COMPAÑIA MINERA HUARON S.A. | 4/12/1913 | 0.14 | D.M. Titulado D.L. 109 | ||||||||||
183
|
04002221Y01 | VENUS | COMPAÑIA MINERA HUARON S.A. | 9/19/1901 | 1.22 | D.M. Titulado D.L. 109 | ||||||||||
184
|
07001624X01 | SAN JORGE X | COMPAÑIA MINERA SAN JORGE S.A. | 3/9/1979 | 324.00 | D.M. Titulado D.L. 109 | ||||||||||
185
|
010409797 | VITACANCHA-R | COMPAÑIA MINERA SIPAN S.A. | 12/4/1997 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
186
|
04010978X01 | C.M.H. Nº 84-DOS | S.M.R.L. CMH Nº 84-DOS DE CERRO DE PASCO | 7/1/1961 | 1.00 | D.M. Titulado D.L. 109 |
43-101(PanAm) | Huaron Mine | 29 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
187
|
04008809X01 | EL TRIUNFO | COMPAÑIA MINERA EL TRIUNFO S.A. | 11/12/1936 | 8.00 | D.M. Titulado D.L. 109 | ||||||||||
188
|
0410353AX01 | LA ESPERANZA DE CARHUAMAYO | COMPAÑIA MINERA EL TRIUNFO S.A. | 8/1/1950 | 15.00 | D.M. Titulado D.L. 109 | ||||||||||
189
|
04009440X01 | SAN ANDRES NUMERO UNO | COMPAÑIA MINERA EL TRIUNFO S.A. | 11/30/1950 | 8.00 | D.M. Titulado D.L. 109 | ||||||||||
190
|
04010668X01 | SANTA LUISA Nº 1 | COMPAÑIA MINERA EL TRIUNFO S.A. | 5/5/1959 | 10.00 | D.M. Titulado D.L. 109 | ||||||||||
191
|
010182603 | JUAN GILBERTO V | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 953.86 | D.M. Titulado D.L. 708 | ||||||||||
192
|
010182703 | JUAN GILBERTO VI | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
193
|
010182803 | JUAN GILBERTO VII | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
194
|
010182903 | JUAN GILBERTO VIII | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 1000.00 | D.M. Titulado D.L. 708 | ||||||||||
195
|
010183103 | EVA II | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 3.79 | D.M. Titulado D.L. 708 | ||||||||||
196
|
010182503 | TRIUNFO VI A | PAN AMERICAN SILVER PERU S.A.C. | 6/2/2003 | 5.89 | D.M. Titulado D.L. 708 | ||||||||||
197
|
0410129AX01 | LA VERDAD | S.M.R.L. LA VERDAD DE CERRO DE PASCO | 4/1/1955 | 15.00 | D.M. Titulado D.L. 109 | ||||||||||
198
|
04012555X01 | DELIA 79 | COMPAÑIA MINERA HUARON S.A. | 3/27/1979 | 4.00 | D.M. Titulado D.L. 109 | ||||||||||
199
|
04012544X01 | ESCALON Nº 2 | COMPAÑIA MINERA HUARON S.A. | 2/14/1979 | 17.17 | D.M. Titulado D.L. 109 | ||||||||||
200
|
04012165X01 | JUAN GILBERTO 1 | COMPAÑIA MINERA HUARON S.A. | 6/11/1974 | 1000.00 | D.M. Titulado D.L. 109 | ||||||||||
201
|
04012166X01 | JUAN GILBERTO 2 | COMPAÑIA MINERA HUARON S.A. | 6/11/1974 | 1000.00 | D.M. Titulado D.L. 109 | ||||||||||
202
|
04012167X01 | JUAN GILBERTO 3 | COMPAÑIA MINERA HUARON S.A. | 6/11/1974 | 960.67 | D.M. Titulado D.L. 109 | ||||||||||
203
|
04012168X01 | JUAN GILBERTO 4 | COMPAÑIA MINERA HUARON S.A. | 6/11/1974 | 575.33 | D.M. Titulado D.L. 109 | ||||||||||
204
|
0412168AX01 | JUAN GILBERTO 4-A | COMPAÑIA MINERA HUARON S.A. | 6/11/1974 | 192.01 | D.M. Titulado D.L. 109 | ||||||||||
205
|
04012552X01 | LA VERDAD | COMPAÑIA MINERA HUARON S.A. | 3/8/1979 | 15.00 | D.M. Titulado D.L. 109 | ||||||||||
206
|
04012541X01 | MONICA 79 | COMPAÑIA MINERA HUARON S.A. | 2/14/1979 | 4.00 | D.M. Titulado D.L. 109 | ||||||||||
207
|
04012551X01 | RESURGIDORA Nº 2 | COMPAÑIA MINERA HUARON S.A. | 3/8/1979 | 56.00 | D.M. Titulado D.L. 109 | ||||||||||
208
|
04012550X01 | SAN LUIS Nº 2 | COMPAÑIA MINERA HUARON S.A. | 3/7/1979 | 100.00 | D.M. Titulado D.L. 109 | ||||||||||
209
|
04013395X01 | SAN SEBASTIAN-87 | COMPAÑIA MINERA HUARON S.A. | 5/4/1987 | 60.58 | D.M. Titulado D.L. 109 | ||||||||||
210
|
04012391X01 | SAN TEODORO Nº 1 | COMPAÑIA MINERA HUARON S.A. | 11/9/1977 | 46.94 | D.M. Titulado D.L. 109 | ||||||||||
211
|
04012556X01 | TRIUNFO | COMPAÑIA MINERA HUARON S.A. | 3/27/1979 | 8.00 | D.M. Titulado D.L. 109 |
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
212
|
010211905 | C.M.H.05 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 2.74 | D.M. Titulado D.L. 708 | ||||||||||
213
|
010211805 | EL TRUENO 1-2 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.03 | D.M. Titulado D.L. 708 | ||||||||||
214
|
010211705 | ELTRUENO 1-1 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.03 | D.M. Titulado D.L. 708 | ||||||||||
215
|
010212705 | FEBRERO 20 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.19 | D.M. Titulado D.L. 708 | ||||||||||
216
|
010212605 | LA VENUS | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.09 | D.M. Titulado D.L. 708 | ||||||||||
217
|
010212005 | MARTE 1-1 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.04 | D.M. Titulado D.L. 708 | ||||||||||
218
|
010212105 | MARTE 1-2 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.04 | D.M. Titulado D.L. 708 | ||||||||||
219
|
010212205 | MARTE 3 | PAN AMERICAN SILVER PERU S.A.C. | 07/07/05 | 0.01 | D.M. Titulado D.L. 708 | ||||||||||
220
|
010017899 | PASP-99-1-MALLAY | PAN AMERICAN SILVER PERU S.A.C. | 02/23/99 | 200.00 | D.M. Titulado D.L. 708 | ||||||||||
221
|
010409307 | SHALIPAYCO 1 | PAN AMERICAN SILVER PERU S.A.C. | 08/01/07 | 10.00 | D.M. en Trámite D.L. 708 | ||||||||||
222
|
010409207 | SHALIPAYCO 2 | PAN AMERICAN SILVER PERU S.A.C. | 08/01/07 | 18.00 | D.M. en Trámite D.L. 708 | ||||||||||
223
|
010346306 | UNION 2 | PAN AMERICAN SILVER S.A. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
224
|
010348106 | UNION 21 | PAN AMERICAN SILVER S.A. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
225
|
010347206 | UNION 12 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
226
|
010347306 | UNION 13 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
227
|
010347706 | UNION 17 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
228
|
010347806 | UNION 18 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
229
|
010347906 | UNION 19 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
230
|
010346806 | UNION 7 | PAN AMERICAN SILVER S.A.C. MINA QUIRUVILCA | 08/09/06 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
231
|
010610407 | LIMONITA 1 | PAN AMERICAN SILVER PERU S.A.C. | 11/22/07 | 200.00 | D.M. en Trámite D.L. 708 | ||||||||||
232
|
010610307 | LIMONITA 2 | PAN AMERICAN SILVER PERU S.A.C. | 11/22/07 | 100.00 | D.M. en Trámite D.L. 708 | ||||||||||
233
|
010618807 | LIMONITA 3 | PAN AMERICAN SILVER PERU S.A.C. | 11/26/07 | 100.00 | D.M. en Trámite D.L. 708 |
43-101(PanAm) | Huaron Mine | 30 | ||
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
234
|
010258407 | CAUJUL 1 | Awaiting Title Name Transfer | 05/02/07 | 4.00 | D.M. Titulado D.L. 708 | ||||||||||
235
|
010288807 | CAUJUL 10 | Awaiting Title Name Transfer | 05/14/07 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
236
|
010288907 | CAUJUL 11 | Awaiting Title Name Transfer | 05/14/07 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
237
|
010289007 | CAUJUL 12 | Awaiting Title Name Transfer | 05/14/07 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
238
|
010289107 | CAUJUL 13 | Awaiting Title Name Transfer | 05/14/07 | 983.30 | D.M. Titulado D.L. 708 | ||||||||||
239
|
010289207 | CAUJUL 14 | Awaiting Title Name Transfer | 05/14/07 | 998.85 | D.M. Titulado D.L. 708 | ||||||||||
240
|
010289307 | CAUJUL 15 | Awaiting Title Name Transfer | 05/14/07 | 199.77 | D.M. Titulado D.L. 708 | ||||||||||
241
|
010258207 | CAUJUL 3 | Awaiting Title Name Transfer | 05/02/07 | 5.99 | D.M. en trámite D.L. 708 | ||||||||||
242
|
010258107 | CAUJUL 4 | Awaiting Title Name Transfer | 05/02/07 | 95.89 | D.M. Titulado D.L. 708 | ||||||||||
243
|
010258007 | CAUJUL 5 | Awaiting Title Name Transfer | 05/02/07 | 2.08 | D.M. en trámite D.L. 708 | ||||||||||
244
|
010258607 | CAUJUL 7 | Awaiting Title Name Transfer | 05/02/07 | 379.39 | D.M. Titulado D.L. 708 | ||||||||||
245
|
010288607 | CAUJUL 8 | Awaiting Title Name Transfer | 05/14/07 | 100.00 | D.M. Titulado D.L. 708 | ||||||||||
246
|
010288707 | CAUJUL 9 | Awaiting Title Name Transfer | 05/14/07 | 100.00 | D.M. Titulado D.L. 708 |
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
247
|
010103807 | PLATA DE CERRO 1 | Awaiting Title Name Transfer | 1/25/07 | 800.00 | D.M. en trámite D.L. 708 | ||||||||||
248
|
010104007 | PLATA DE CERRO 3 | Awaiting Title Name Transfer | 1/25/07 | 200.00 | D.M. Titulado D.L. 708 | ||||||||||
249
|
010104107 | PLATA DE CERRO 4 | Awaiting Title Name Transfer | 1/25/07 | 200.00 | D.M. Titulado D.L. 708 |
Nº | Registry No. | Concession | Title | Acquiry Date | Ha. | State | ||||||||||
250
|
010103507 | PLATA DE OYON 1 | Awaiting Title Name Transfer | 1/25/07 | 898.78 | D.M. Titulado D.L. 708 | ||||||||||
251
|
010103607 | PLATA DE OYON 2 | Awaiting Title Name Transfer | 1/25/07 | 898.78 | D.M. Titulado D.L. 708 | ||||||||||
252
|
010103707 | PLATA DE OYON 3 | Awaiting Title Name Transfer | 1/25/07 | 810.18 | D.M. Titulado D.L. 708 |
| [1] Various concessions owned by PASH are awaiting new title names. These concessions are
identified with the Awaiting Title Name Transfer within the Title column |
| The area in hectares (Ha.) for the properties Acumulacion Huaron 3, Acumulacion Huaron
6, C.M.H No. 74 and Huaron 2 are shown after subtracting the the amounts of those Mining
Properties transferred to Empresa Administradora Chungar S.A.C. |
43-101(PanAm) | Huaron Mine | 31 | ||
Debts regarding validity | ||||||||||||
No. | Registry # | Concession | Hectares1 | fees | Penalties | |||||||
1 |
04003370Y01 | ABUNDANCIA | 0.1603 | All paid up to 2007 | No pending debt | |||||||
2 |
04013284X01 | ACUMULACION HUARON - 1 | 795.6725 | All paid up to 2007 | No pending debt | |||||||
3 |
04013285X01 | ACUMULACION HUARON - 2 | 540.4909 | All paid up to 2007 | No pending debt | |||||||
4 |
04013286X01 | ACUMULACION HUARON - 32 | 534.4302 | All paid up to 2007 | No pending debt | |||||||
5 |
04013287X01 | ACUMULACION HUARON 4 | 96.6606 | All paid up to 2007 | No pending debt | |||||||
6 |
04013289X01 | ACUMULACION HUARON - 62 | 242.7013 | All paid up to 2007 | No pending debt | |||||||
7 |
04002265Y01 | ALIANZA Y FIRMEZA | 0.0639 | All paid up to 2007 | No pending debt | |||||||
8 |
0402265AY01 | ALIANZA Y FIRMEZA - A | 0.0169 | All paid up to 2007 | No pending debt | |||||||
9 |
04004655X01 | ALICIA | 0.7654 | All paid up to 2007 | No pending debt | |||||||
10 |
04002572X01 | ALPAMINA | 0.0506 | All paid up to 2007 | No pending debt | |||||||
11 |
0402572AX01 | ALPAMINA - A | 0.8525 | All paid up to 2007 | No pending debt | |||||||
12 |
04000997X01 | ANIMAS | 0.1872 | All paid up to 2007 | No pending debt | |||||||
13 |
04003431X01 | APURO | 0.3709 | All paid up to 2007 | No pending debt | |||||||
14 |
04000466X01 | BALCON DE JUDAS | 17.9689 | All paid up to 2007 | No pending debt | |||||||
15 |
04001000X01 | BALSAMO | 1.9965 | All paid up to 2007 | No pending debt | |||||||
16 |
04010514X01 | C.M.H. Nº 15 | 125.7841 | All paid up to 2007 | No pending debt | |||||||
17 |
04008913X01 | C.M.H. Nº 16 | 0.7284 | All paid up to 2007 | No pending debt | |||||||
18 |
04008319X01 | C.M.H. Nº 2 | 0.9388 | All paid up to 2007 | No pending debt | |||||||
19 |
04009299X01 | C.M.H. Nº 25 | 21.6565 | All paid up to 2007 | No pending debt | |||||||
20 |
04009300X01 | C.M.H. Nº 27 | 2.7139 | All paid up to 2007 | No pending debt | |||||||
21 |
04009301X01 | C.M.H. Nº 28 | 29.6141 | All paid up to 2007 | No pending debt | |||||||
22 |
04008320X01 | C.M.H. Nº 3 | 0.5161 | All paid up to 2007 | No pending debt | |||||||
23 |
0403885AY01 | C.M.H. Nº 3 - A | 0.7375 | All paid up to 2007 | No pending debt | |||||||
24 |
04009303X01 | C.M.H. Nº 30 | 0.3297 | All paid up to 2007 | No pending debt | |||||||
25 |
04009433X02 | C.M.H. Nº 33 | 1.7925 | All paid up to 2007 | No pending debt | |||||||
26 |
04009435X01 | C.M.H. Nº 35 | 0.2543 | All paid up to 2007 | No pending debt | |||||||
27 |
04009481X01 | C.M.H. Nº 44 | 0.8016 | All paid up to 2007 | No pending debt | |||||||
28 |
04008593X01 | C.M.H. Nº 5 | 0.2413 | All paid up to 2007 | No pending debt | |||||||
29 |
04009488X01 | C.M.H. Nº 51 | 0.1332 | All paid up to 2007 | No pending debt | |||||||
30 |
04009495X01 | C.M.H. Nº 52 | 0.8838 | All paid up to 2007 | No pending debt | |||||||
31 |
04009581X01 | C.M.H. Nº 57 | 0.0967 | All paid up to 2007 | No pending debt | |||||||
32 |
04009589X01 | C.M.H. Nº 65 | 0.0837 | All paid up to 2007 | No pending debt | |||||||
33 |
04009591X01 | C.M.H. Nº 67 | 0.0288 | All paid up to 2007 | No pending debt | |||||||
34 |
04008823X01 | C.M.H. Nº 7 | 0.1435 | All paid up to 2007 | No pending debt | |||||||
35 |
04009595X01 | C.M.H. Nº 71 | 7.6848 | All paid up to 2007 | No pending debt | |||||||
36 |
04009596X01 | C.M.H. Nº 72 | 9.3854 | All paid up to 2007 | No pending debt | |||||||
37 |
04009843X01 | C.M.H. Nº 742 | 4.4179 | All paid up to 2007 | No pending debt | |||||||
38 |
04009844X01 | C.M.H. Nº 75 | 0.2346 | All paid up to 2007 | No pending debt | |||||||
39 |
04009846X01 | C.M.H. Nº 76 | 0.102 | All paid up to 2007 | No pending debt | |||||||
40 |
04010746X01 | C.M.H. Nº 79 | 0.557 | All paid up to 2007 | No pending debt | |||||||
41 |
010211905 | C.M.N.H. 05 | 2.7415 | Was Paid for 2006 | No pending debt | |||||||
42 |
04007533X01 | C.P.H. Nº 1 | 0.0601 | All paid up to 2007 | No pending debt | |||||||
43 |
0407533AX01 | C.P.H. No 1 - A | 0.1651 | All paid up to 2007 | No pending debt | |||||||
44 |
04007547X01 | C.P.H. Nº 15 | 0.01 | All paid up to 2007 | No pending debt | |||||||
45 |
04007534X01 | C.P.H. Nº 2 | 0.0226 | All paid up to 2007 | No pending debt | |||||||
46 |
04007555X01 | C.P.H. Nº 23 | 0.5511 | All paid up to 2007 | No pending debt | |||||||
47 |
04007556X01 | C.P.H. Nº 24 | 0.857 | All paid up to 2007 | No pending debt | |||||||
48 |
04007536X01 | C.P.H. Nº 4 | 0.0459 | All paid up to 2007 | No pending debt | |||||||
49 |
04007594X01 | C.P.H. Nº 55 | 0.0642 | All paid up to 2007 | No pending debt | |||||||
50 |
0403659AY01 | C.P.H. Nº 55 - A | 0.3420 | All paid up to 2007 | No pending debt | |||||||
51 |
04007538X01 | C.P.H. Nº 6 | 0.4477 | All paid up to 2007 | No pending debt | |||||||
52 |
04000874X01 | CAGLIOSTRO | 1.2773 | All paid up to 2007 | No pending debt | |||||||
53 |
04003371Y01 | CATORCE DE ABRIL | 0.0853 | All paid up to 2007 | No pending debt | |||||||
54 |
04000832X01 | COMETA | 15.9727 | All paid up to 2007 | No pending debt |
43-101(PanAm) | Huaron Mine | 32 | ||
Debts regarding validity | ||||||||||||
No. | Registry # | Concession | Hectares1 | fees | Penalties | |||||||
55 |
P0100085 | CONCENTRADORA FRANCOIS (BENEFICIATION CONCESSION) |
2,000.00 TM/Mts. | All paid up to 2007 | No pending debt | |||||||
56 |
04002573X01 | CONCHUCOS | 0.6759 | All paid up to 2007 | No pending debt | |||||||
57 |
0402451AY01 | CONSTANCIA - A | 0.0739 | All paid up to 2007 | No pending debt | |||||||
58 |
04008037X01 | CORDOBA | 0.9554 | All paid up to 2007 | No pending debt | |||||||
59 |
04012511X01 | DARDANELOS | 0.1982 | All paid up to 2007 | No pending debt | |||||||
60 |
04003615X01 | DIECINUEVE DE SETIEMBRE | 0.5719 | All paid up to 2007 | No pending debt | |||||||
61 |
04004653X01 | DON PABLO | 0.0464 | All paid up to 2007 | No pending debt | |||||||
62 |
04003023X01 | EL RAYO | 0.2082 | All paid up to 2007 | No pending debt | |||||||
63 |
04003024X01 | EL TRUENO | 0.0741 | All paid up to 2007 | No pending debt | |||||||
64 |
010211705 | EL TRUENO 1-1 | 0.0256 | Was Paid for 2006 | No pending debt | |||||||
65 |
010211805 | EL TRUENO 1-2 | 0.0323 | Was Paid for 2006 | No pending debt | |||||||
66 |
04008033X01 | ESPAÑA | 0.112 | All paid up to 2007 | No pending debt | |||||||
67 |
04006692X0 | FARALLON | 7.986 | All paid up to 2007 | No pending debt | |||||||
68 |
010212705 | FEBRERO 20 | 0.1933 | Was Paid for 2006 | No pending debt | |||||||
69 |
04008586X01 | FLORENCIA | 0.1164 | All paid up to 2007 | No pending debt | |||||||
70 |
0403093AY01 | FLORENCIA - A | 0.2448 | All paid up to 2007 | No pending debt | |||||||
71 |
04004527X01 | GAVIOTA | 0.9225 | All paid up to 2007 | No pending debt | |||||||
72 |
0404527AX01 | GAVIOTA - A | 1.8589 | All paid up to 2007 | No pending debt | |||||||
73 |
04008276X01 | GRANADA | 5.5781 | All paid up to 2007 | No pending debt | |||||||
74 |
04004591X01 | GUILLERMO BILLINGHURST | 0.276 | All paid up to 2007 | No pending debt | |||||||
75 |
04002568X01 | HUALGAYOC | 0.0451 | All paid up to 2007 | No pending debt | |||||||
76 |
04002567X01 | HUANCAVELICA | 0.0314 | All paid up to 2007 | No pending debt | |||||||
77 |
04006355X01 | HUAROCHIRI | 0.5925 | All paid up to 2007 | No pending debt | |||||||
78 |
04006355X01 | HUARON 123 | 209.6609 | All paid up to 2007 | No pending debt | |||||||
79 |
010250094 | HUARON 24 | 1.6569 | All paid up to 2007 | No pending debt | |||||||
80 |
010250194 | HUARON 35 | 180.9170 | All paid up to 2007 | No pending debt | |||||||
81 |
04008295X01 | JUANA | 0.0437 | All paid up to 2007 | No pending debt | |||||||
82 |
04002211Y01 | LA ALIANZA | 11.9792 | All paid up to 2007 | No pending debt | |||||||
83 |
04001001X01 | LA CENTRAL | 1.9966 | All paid up to 2007 | No pending debt | |||||||
84 |
04006749X01 | LA HUACA | 0.7078 | All paid up to 2007 | No pending debt | |||||||
85 |
0403589AY01 | LA HUACA - A | 0.0883 | All paid up to 2007 | No pending debt | |||||||
86 |
0403589BY01 | LA HUACA - B | 0.0486 | All paid up to 2007 | No pending debt | |||||||
87 |
04004599X01 | LA PEDRERA | 0.5145 | All paid up to 2007 | No pending debt | |||||||
88 |
04000099X01 | LA PROVIDENCIA | 0.0114 | All paid up to 2007 | No pending debt | |||||||
89 |
04000998X01 | LA TAPADA | 3.9931 | All paid up to 2007 | No pending debt | |||||||
90 |
010212605 | LA VENUS | 0.0896 | Was Paid for 2006 | No pending debt | |||||||
91 |
04770771X01 | LABOR Y CONSTANCIA | 23.959 | All paid up to 2007 | No pending debt | |||||||
92 |
04001486X01 | MANLINCHER | 5.9959 | All paid up to 2007 | No pending debt | |||||||
93 |
04006337X01 | MARIA | 0.0836 | All paid up to 2007 | No pending debt | |||||||
94 |
04000632X01 | MARTE | 0.0798 | All paid up to 2007 | No pending debt | |||||||
95 |
010212005 | MARTE 1-1 | 0.0433 | Was Paid for 2006 | No pending debt | |||||||
96 |
010212105 | MARTE 1-2 | 0.0363 | Was Paid for 2006 | No pending debt | |||||||
97 |
010212205 | MARTE 3 | 0.0100 | Was Paid for 2006 | No pending debt | |||||||
98 |
04008014X01 | MAX | 0.0627 | All paid up to 2007 | No pending debt | |||||||
99 |
04008013X01 | MICHEL | 0.5375 | All paid up to 2007 | No pending debt | |||||||
100 |
04002570X01 | MOROCOCHA | 0.0677 | All paid up to 2007 | No pending debt | |||||||
101 |
04007963X01 | NUESTRA SEÑORA DEL MILAGRO | 11.9793 | All paid up to 2007 | No pending debt | |||||||
102 |
04002435Y01 | NUESTRA SEÑORA DEL ROSARIO | 0.1614 | All paid up to 2007 | No pending debt | |||||||
103 |
04002617X01 | OLVIDO | 2.4026 | All paid up to 2007 | No pending debt | |||||||
104 |
04000999X01 | ORACULO | 3.993 | All paid up to 2007 | No pending debt | |||||||
105 |
04006436X01 | PACHITEA | 0.7729 | All paid up to 2007 | No pending debt | |||||||
106 |
04007960X01 | PANDORA | 1.9966 | All paid up to 2007 | No pending debt | |||||||
107 |
04000811X01 | PLANETA | 1.9965 | All paid up to 2007 | No pending debt | |||||||
108 |
04012743X01 | RELAVE FRANCOIS - 1 | 60.000 | All paid up to 2007 | No pending debt | |||||||
109 |
04001253Y01 | ROSARIO | 2.1132 | All paid up to 2007 | No pending debt | |||||||
110 |
04007524X01 | ROSARIO NUMERO CINCO | 0.01 | All paid up to 2007 | No pending debt | |||||||
111 |
04008019X01 | ROSARIO NUMERO CUATRO | 0.0246 | All paid up to 2007 | No pending debt |
43-101(PanAm) | Huaron Mine | 33 | ||
Debts regarding validity | ||||||||||||
No. | Registry # | Concession | Hectares1 | fees | Penalties | |||||||
112 |
04001130X01 | SACERDORTIZA | 0.1416 | All paid up to 2007 | No pending debt | |||||||
113 |
04004654X01 | SANTIAGO | 0.0341 | All paid up to 2007 | No pending debt | |||||||
114 |
04008039X01 | SEVILLA | 0.0608 | All paid up to 2007 | No pending debt | |||||||
115 |
04012512X01 | TEUTONIA 79 | 0.0425 | All paid up to 2007 | No pending debt | |||||||
116 |
04012513X01 | TEUTONIA DOS-79 | 3.5061 | All paid up to 2007 | No pending debt | |||||||
117 |
04012514X01 | TEUTONIA TRES-79 | 0.01 | All paid up to 2007 | No pending debt | |||||||
118 |
04004857X01 | VEINTE DE FEBRERO | 0.1448 | All paid up to 2007 | No pending debt | |||||||
119 |
04002221Y01 | VENUS | 1.2216 | All paid up to 2007 | No pending debt |
| [1] Area according to the 2007 Mining Concessions Cadastre prepared by INGEMMET. This is
the real and updated area of the concessions as they are recorded with the Mining Cadastre.
The area in the Mining Cadastre may differ from that appearing in the mining concessions file
with the Public Registry. Although registration of a mining concession with the public
registry grants its titleholder with enforceability against the State and third parties, the
area appearing in the Mining Cadastre is more accurate and prevails. Actually, the Public
Registry should reflect the exact area that is recorded in the Mining Cadastre. Considering
that almost all the titles of the mining concessions which are part of Quiruvilca Mining Unit
were granted in the early or mid 1900s, in order to accurately determine whether or not there
is an overlap with another mining concession it would be necessary to review and analyze the
Mining Cadastre Map of the Quiruvilca Mining Unit. |
| [2] Division of these properties are pending the entire area of the concession as reported
by INGEMMET minus the amount transfrerred to Empressa Minera Chungar S.A.C is reported. |
| [3] The mining concession HUARON 1 partially overlaps the following priority rights:
Marte, Constancia, Constancia A, Manlincher, Alicia, Pachitea, C.P.H. No. 55, C.P.H. No.
55-A, C.P.H. No. 24, C.P.H. No. 5, C.P.H. No. 7, C.P.H. No. 33, C.P.H. No. 33-A, C.P.H. No.
65, Acumulación Huaron 1, Acumulación Huaron 3 and Acumulacion Huaron 4. |
| [4] The mining concession HUARON 2 partially overlaps the following priority rights:
Florencia A, Max A, CMH No. 3 A, Rosario, Alianza y Firmeza, Alianza y Firmeza A, La
Providencia, La Alianza, Venus, Venus A, Balcón de Judas, Marte B, Labor y Constancia,
Planeta, Cometa, Cagliostro, Animas, La Tapada, Oráculo, Bálsamo, La Central, Sacerdotiza,
Huancavelica, Hualgayoc, Morococha, Alpamina, Pandora, Olvido, El Rayo, El Trueno, Apuro,
Diecinueve de setiembre, Gaviota, Florencia, Guillermo Billinghurst, Santiago, Anita,
Naticocha, Huarochiri, CPH No. 1, CPH No. 2, CPH No. 4, CPH No. 5, CPH No. 6, CPH No. 15,
Nuestra Señora del Milagro, Michel, Max, España, Juana, CMH No. 2, CMH No. 16, Dardanelos,
Providencia A, Alpamina A, El Trueno A, Gaviota A, CPH No. 1-A, CPH No. 2-A,
Acumulación Huaron 1, Acumulación Huarón 2 , Acumulación Huarón 3, Acumulación Huarón A,
Acumulación Huarón 6 |
| [5] The mining concession HUARON 3 partially overlaps the following priority rights:
Abundancia, Catorce de abril, Huarochiri, Esperanza, España, Farallón, La Huaca, Nuestra
señora del milagro, Rosario número cuatro, Evilla, Granada, CMH No. 2, CMH No. 24, CMH No. 22,
CMH No. 23, CMH No. 25, CMH No. 27, CMH No. 28, CMH No. 44, CMH No. 45, CMH No. 49, CMH No.
50, CMH No. 51, CMH No. 53, CMH No. 52, CMH No. 54, CMH No. 57, CMH No. 58, CMH No. 59,
Demasía CMH No. 26, CMH No. 78, CMH No. 79, CMH No. 84-DOS, Teutonia 79, Teutonia Dos-79,
Teutona Tres 79, Rosario No. 6, Rosario Séptimo 79, Veinte de Febrero, CMH No. 46, CMH No.
72, Demasía CMH No. 29, Relave Francois 1, CMH No. 70, CMH No. 42, CMH No. 71, Halcón de
Judas, Florencia, CMH No. 3, Pandora, Rosario número cinco, CMH No. 34, CMH No. 43, CMH No.
56, Acumulación Huaron 6, Acumulación Huaron 7, Acumulación Huaron 1 y Acumulación Huaron 2. |
43-101(PanAm) | Huaron Mine | 34 | ||
DATE | HECTARES | PROPERTY | STATE | |||||
COMMUNITY OF HUAYLLAY ZONE |
||||||||
Oct. 23, 1996
|
3 | Estancia Wuishcas | Land Purchase | |||||
142 Ha. in Francois, | ||||||||
including Tailings storage, | ||||||||
Mar. 28, 2000
|
167 | 25 Ha. in Satelite zone, | Easement | |||||
Shelby San Jose | ||||||||
transmission line | ||||||||
Dec. 11, 2000
|
11 | Community of Huayllay | Easement | |||||
Apr. 4, 2002
|
2.5 | Shuisha and Tailings storage | Easement | |||||
Apr. 4, 2002
|
50 | Various | Easement | |||||
Jan. 7, 2004
|
9.79 | Tailings storage and | Easement | |||||
electrical transmission | ||||||||
Jun. 11, 2007
|
60.26 | Trapiche and community | ||||||
lands | Easement | |||||||
Jun. 20, 2007
|
2 | Quebrada de Condorcayan | Easement | |||||
COMMUNITY OF HUAYCHAO ZONE |
||||||||
Industrial Area of Francois | ||||||||
Mar. 14, 2000
|
11 | plus San Jose Francois | Easement | |||||
Transmission Line | ||||||||
HUAYLLAY NATIONAL SANCTUARY ZONE | ||||||||
Not Reviewed
|
472.969 | Presidio San Jose | PASH Ownership |
43-101(PanAm) | Huaron Mine | 35 | ||
43-101 (PanAm) | Huaron Mine | 36 |
Monitoring | Flow (litres | Volume | ||||||
Station | Location | per second) | (m3/year) | |||||
EF-01 |
Level 500 - Pomacancha Canal | 85.11 | 2,684,028.96 | |||||
EF-02 |
Entrance Level 400 - Trapiche | 24.22 | 763,801.92 | |||||
EF-03 |
Paul Nevejans Tunnel - Level 250 | 476.55 | 15,028,480.80 | |||||
EF-05 |
Tailings Dam Nº5; leakage from the lower section of the main dike. | 57.36 | 1,808,904.96 | |||||
EF-06 |
Huayllay Tailings Dam | 10.00 | 315,360.00 |
43-101 (PanAm) | Huaron Mine | 37 |
Dynamite: |
118,798 | kg. | ||
Rapid Igniter Chord: |
231,254 | m. | ||
Detonator Chord: |
300,032 | m | ||
Emulsion Explosives: |
44,705 | Units | ||
Slow Igniter: |
158,893 | Units | ||
Ammonium Nitrate: |
277,386 | kg | ||
Non electric detonator: |
238,340 | units |
43-101 (PanAm) | Huaron Mine | 38 |
| mine closure work; |
||
| localized areas of acid rock drainage from the mines tailings deposit areas; |
||
| metal-laden waters discharged from the mine; |
||
| and the containment and stability of the existing tailing impoundments. |
43-101 (PanAm) | Huaron Mine | 39 |
43-101 (PanAm) | Huaron Mine | 40 |
43-101 (PanAm) | Huaron Mine | 41 |
43-101 (PanAm) | Huaron Mine | 42 |
43-101 (PanAm) | Huaron Mine | 43 |
43-101 (PanAm) | Huaron Mine | 44 |
Mill Repairs | $ | 2.4M | ||
Mine Rehabilitation | $ | 2.4M | ||
Pre-production Costs | $ | 1.5M | ||
Tailings Stabilization | $ | 0.75M | ||
Working Capital | $ | 0.70M | ||
Other | $ | 2.35M |
HUARON MILL PRODUCTION | ||||||||||||||||||||||||||||||||
Silver | Copper | Lead | Zinc | Tonnes of Concentrate | ||||||||||||||||||||||||||||
Tonnes Milled | (ounces) | (tonnes) | (tonnes) | (tonnes) | Copper | Lead | Zinc | |||||||||||||||||||||||||
2006 |
693,285 | 3,664,660 | 1,603 | 6,858 | 11,735 | 6,716 | 17,002 | 24,975 | ||||||||||||||||||||||||
2005 |
639,849 | 3,690,786 | 1,689 | 6,774 | 11,701 | 7,470 | 16,162 | 23,110 | ||||||||||||||||||||||||
2004 |
635,845 | 4,080,737 | 1,754 | 10,569 | 15,041 | 7,030 | 20,253 | 34,314 | ||||||||||||||||||||||||
2003 |
905,790 | 4,365,061 | 1,332 | 14,246 | 18,855 | 5,687 | 14,246 | 34,819 | ||||||||||||||||||||||||
2002 |
606,300 | 4,527,971 | 1,740 | 14,006 | 20,896 | 6,249 | 14,006 | 43,988 | ||||||||||||||||||||||||
2001 |
367,274 | 2,897,946 | 959 | 8,445 | 9,574 | 3,915 | 8,445 | 14,237 | ||||||||||||||||||||||||
TOTAL |
3,848,343 | 23,227,161 | 9,077 | 60,898 | 87,802 | 37,067 | 90,114 | 175,443 | ||||||||||||||||||||||||
Historical Proven & Probable Reserves | ||||||||||||||||||||
Year* | Tonnes | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | |||||||||||||||
2006 |
7,354,026 | 208 | 0.34 | % | 1.90 | % | 3.29 | % | ||||||||||||
2005 |
6,756,335 | 221 | 0.42 | % | 2.14 | % | 4.02 | % | ||||||||||||
2004 |
6,547,870 | 241 | 0.44 | % | 2.41 | % | 4.17 | % | ||||||||||||
2003 |
5,914,700 | 249 | 0.46 | % | 2.54 | % | 4.63 | % | ||||||||||||
2002 |
6,684,825 | 252 | 0.50 | % | 2.39 | % | 4.55 | % | ||||||||||||
2001 |
5,998,670 | 258 | 0.49 | % | 2.26 | % | 4.26 | % |
* | Reported as beginning of year |
43-101 (PanAm) | Huaron Mine | 45 |
| Thrust Faults, striking north to south, parallel to the axis of the anticline |
|
| Tensional Faults, striking east to west. |
43-101 (PanAm) | Huaron Mine | 46 |
| Lower Member formed by red lutites, semi-consolidated grayish-green to reddish
sandstones, and conglomerates with various limestone beds and lenses. The thickness
of this member is between 150 and 200 metres. |
||
| Shuco Conglomerate Member containing conglomerates with limestone, quartzite,
chert, red sandstone and phyllite clasts within a calcareous, brecciated matrix.
The clasts have sub-angular borders and are variable in size. The thickness varies
between 150 to 200 metres. |
||
| Calera Member consists at the base of marls and lutites in thin strata, grading
to limestones and dolomites with chert nodules. The thickness is approximately 60
to 65 metres. The centre is composed of limestones and marls with intercalations of
finely bedded lutites measuring over 50 metres in thickness. Toward the top there
are limestones and dolomites with chert nodules in the whitish grey middle beds. |
| Yantac Member, a volcano-sedimentary sequence formed by clastic and pyroclastic
rocks, varying from conglomerates to grayish-brown sandstones, limonites and
multi-colored (green to brown, purple, pink, grey, white and brown) lutites. Toward
the top of the member, there are intercalations of tuff, breccia, andesitic
agglomerates and andesitic flows. The thickness varies between 60 and 150 metres.
This sequence is dated from Paleocene to Eocene. |
43-101 (PanAm) | Huaron Mine | 47 |
| Carlos Francisco Member consists of porphyritic andesite flows occasionally
intercalated by flows of volcanic breccia and massive porphyry. Its thickness
varies between 400 and 1000 metres and is of Eocene to Oligocene age. |
||
| Colqui Member consists of andesitic flows alternating with fine tuff, lapilli
and agglomerates. There are thin beds of sandstone and tuffaceous limestone
present. Its thickness is 200 metres and it is of Eocene to Oligocene age. |
||
| Millotingo Member was formed by andesitic to rhyodacitic and occasionally
trachyandesitic lavic flows. Its average thickness is 180 metres and is of an Upper
Olibocene to Lower Miocene age. |
43-101 (PanAm) | Huaron Mine | 48 |
43-101 (PanAm) | Huaron Mine | 49 |
| Veins |
| Mantos |
| Orebodies |
43-101 (PanAm) | Huaron Mine | 50 |
1. | ALIANZA STRUCTURE |
|
| ALIANZA VEIN |
|
| UNO SPLIT |
|
| DOS SPLIT |
|
2. | CAPRICHOSA STRUCTURE |
|
| CAPRICHOSA VEIN |
|
| CAPRICHOSA SPLIT |
|
| SHARON SPLIT |
|
3. | COMETA STRUCTURE |
|
| COMETA VEIN |
|
| COMETA SPLIT |
|
4. | CONSTANCIA STRUCTURE |
|
| CONSTANCIA VEIN |
|
5. | CUATRO STRUCTURE |
|
| CUATRO VEIN |
|
| NUEVEDEAGOSTO SPLIT |
|
| TREINTAYNUEVE SPLIT |
|
6. | FASTIDIOSA STRUCTURE |
|
| FASTIDIOSA VEIN |
|
| FASTIDIOSA SPLIT 1 |
|
| FASTIDIOSA SPLIT 2 |
|
| FASTIDIOSA SPLIT 3 |
|
| FASTIDIOSA SPLIT 4 |
|
| SPLIT 4 |
|
| JUANITA SPLIT |
|
| KATY SPLIT |
|
7. | GAVIA STRUCTURE |
|
| GAVIA VEIN |
|
| ELENA SPLIT |
|
| LABORESTE SPLIT |
|
| LABOROESTE SPLIT |
|
| OCHENTAYUNO SPLIT |
|
| OCHENTAYUNOESTE SPLIT |
|
| PROVIDENCIA SPLIT |
|
8. | LLACSACOCHA STRUCTURE |
|
| LLACSACOCHANORTE SPLIT |
|
| LLACSACOCHASUR SPLIT |
9. | OCHENTAYCINCO STRUCTURE |
|
| OCHENTAYCINCO VEIN |
|
10. | PATRICK STRUCTURE |
|
| PATRICK VEIN |
|
| ANITA SPLIT |
|
| DANITZA SPLIT |
|
| JULY SPLIT |
|
| LUCERO SPLIT |
|
| MARGARITA SPLIT |
|
| MARTIN SPLIT |
|
| MILY SPLIT |
|
| PAOLA SPLIT |
|
| PATRICIA SPLIT |
|
| PATRICK SPLIT |
|
| ROQUE SPLIT |
|
| ROQUE SPLIT 1 |
|
| ROSA SPLIT |
|
| ROSARIO SPLIT |
|
| ROXANA SPLIT |
|
| TATOO SPLIT |
|
| TOTEE SPLIT |
|
| XIMENA SPLIT |
|
11. | REY STRUCTURE |
|
| REY VEIN |
|
| BARNABE SPLIT |
|
12. | SAN NARCISO STRUCTURE |
|
| SAN NARCISO VEIN |
|
| LORENA SPLIT |
|
| MARIANA SPLIT |
|
| MARIBEL SPLIT |
|
| SAN NARCISO SPLIT 20 |
|
| SORPRESA SPLIT |
|
| SURPRISE SPLIT |
|
| SURPRISE SPLIT 1 |
|
| SURPRISE SPLIT 2 |
|
| VIVIANA SPLIT |
|
| YADIRA SPLIT |
13. | SAN PEDRO STRUCTURE |
|
| SAN PEDRO VEIN |
|
| SAN PEDRO SPLIT 1 |
|
| SAN PEDRO SPLIT 102 |
|
| SAN PEDRO SPLIT 2 |
|
| SAN PEDRO SPLIT 5 |
|
| SAN PEDRO SPLIT 6 |
|
| SAN PEDRO SPLIT 8 |
|
| SESENTAYCUATRO SPLIT |
|
| SETENTAYSEIS SPLIT |
|
14. | SHIUSHA WARREN STRUCTURE |
|
| SHIUSHA WARREN VEIN |
|
| SHIUSHA SPLIT C |
|
| SHIUSHA SPLIT SUR |
|
15. | TAPADA STRUCTURE |
|
| TAPADA VEIN |
|
| PRODUCTORA SPLIT |
|
| SAN FRANCISCO SPLIT |
|
16. | TRAVIESO VEIN |
|
| TRAVIESO VEIN |
|
17. | YANACRESTON STRUCTURE |
|
| YANACRESTON VEIN |
|
| NOVENTAYCINCO SPLIT |
|
| NOVENTAYCUATRO SPLIT |
|
| OCHO SPLIT |
|
| YANACRESTON SPLIT |
|
18. | YANAMINA STRUCTURE |
|
| YANAMINA VEIN |
43-101 (PanAm) | Huaron Mine | 51 |
11. Mineralization |
11.1 Mineral Zones |
43-101 (PanAm) | Huaron Mine | 52 |
43-101 (PanAm) | Huaron Mine | 53 |
43-101 (PanAm) | Huaron Mine | 54 |
Total | ||||||||||
# of | Metres | |||||||||
Zone | Level | Vein Intersected | Holes | Drilled | ||||||
Surface |
Surface | no intersects | 2 | 141.20 | ||||||
Norte |
530 | Fastidiosa exploraciones | 1 | 150.00 | ||||||
500 | Surprise | 1 | 58.60 | |||||||
280 | July | 2 | 143.30 | |||||||
Fastidiosa | 2 | 65.30 | ||||||||
Julia | 2 | 154.90 | ||||||||
Sorpresa | 1 | 52.70 | ||||||||
250 | July | 1 | 36.00 | |||||||
Aglomerado | 4 | 1,203.80 | ||||||||
Fastidiosa | 5 | 343.65 | ||||||||
Patrick | 14 | 2,440.55 | ||||||||
Ramal 1 | 2 | 264.70 | ||||||||
Sorpresa | 1 | 7.20 | ||||||||
Travieso | 7 | 875.80 | ||||||||
Ximena | 4 | 298.20 | ||||||||
Satelite |
600 | Drenaje | 2 | 42.30 | ||||||
Fastidiosa piso | 2 | 189.80 | ||||||||
Llacsacocha | 2 | 338.10 | ||||||||
Llacsacocha superficie | 1 | 202.00 | ||||||||
Pack Sack | 1 | 15.20 | ||||||||
Patrick | 2 | 438.60 | ||||||||
Sur |
500 | Sorpresa | 2 | 171.95 | ||||||
Sorpresa Ramal 1 | 2 | 226.10 | ||||||||
Surprise | 2 | 155.30 | ||||||||
420 | Cometa | 4 | 408.50 | |||||||
Constancia | 12 | 2,234.20 | ||||||||
Fastidiosa | 1 | 217.30 | ||||||||
Fastidiosa Ramal 1 | 3 | 323.95 | ||||||||
Sorpresa | 1 | 72.10 | ||||||||
Yadira | 1 | 61.40 | ||||||||
320 | San Narciso | 1 | 18.30 | |||||||
280 | July | 1 | 100.00 | |||||||
Total | 89 | 11,451.00 | ||||||||
Total | ||||||||||
# of | Metres | |||||||||
Zone | Level | Vein Intersected | Holes | Drilled | ||||||
Norte |
420 | Cuatro Ramal | 1 | 201.70 | ||||||
no intercept | 2 | 291.80 | ||||||||
Veta Fastidiosa | 2 | 422.60 | ||||||||
250 | Juanita Ramal | 1 | 68.00 | |||||||
no intercept | 5 | 584.45 | ||||||||
Ramal Danitza | 2 | 231.40 | ||||||||
Veta Alianza | 6 | 457.80 | ||||||||
Veta Fastidiosa | 1 | 173.70 | ||||||||
180 | no intercept | 1 | 40.80 | |||||||
Satelite |
600 | no intercept | 11 | 907.85 | ||||||
530 | no intercept | 3 | 425.10 | |||||||
500 | no intercept | 1 | 123.30 | |||||||
250 | Veta Fastidiosa | 1 | 88.25 | |||||||
SUR |
530 | Veta Surprise | 1 | 150.60 | ||||||
500 | no intercept | 6 | 755.40 | |||||||
Veta Surprise | 1 | 159.60 | ||||||||
430 | no intercept | 1 | 295.40 | |||||||
420 | no intercept | 16 | 1,953.56 | |||||||
Veta Alianza | 2 | 259.60 | ||||||||
Veta Llacsacocha | 7 | 1,435.38 | ||||||||
Veta San Narciso | 3 | 199.50 | ||||||||
Veta Surprise | 6 | 788.10 | ||||||||
320 | no intercept | 2 | 359.70 | |||||||
Veta Roxana | 1 | 170.85 | ||||||||
Total | 83 | 10,544.44 | ||||||||
43-101 (PanAm) | Huaron Mine | 55 |
43-101 (PanAm) | Huaron Mine | 56 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-3706 |
Aglomerado | 337.37 | 338.32 | 0.95 | 172.94 | 0.05 | 2.46 | 5.87 | ||||||||||||||||||||||
DDH-3706 |
Aglomerado | 338.32 | 339.42 | 1.10 | 64.13 | 0.04 | 3.02 | 6.10 | ||||||||||||||||||||||
DDH-3706 |
Aglomerado | 339.42 | 339.61 | 0.19 | 84.98 | 0.05 | 3.07 | 9.62 | ||||||||||||||||||||||
DDH-2706 |
Conglomerado | 302.74 | 303.57 | 0.83 | 333.88 | 0.22 | 6.90 | 29.63 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 422.30 | 423.27 | 0.97 | 122.76 | 0.11 | 1.64 | 9.41 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 423.27 | 423.50 | 0.23 | 117.70 | 0.10 | 0.82 | 8.94 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 423.50 | 425.10 | 1.60 | 44.28 | 0.04 | 2.57 | 1.91 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 425.10 | 426.30 | 1.20 | 47.91 | 0.01 | 0.11 | 0.30 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 426.30 | 427.05 | 0.75 | 378.33 | 0.03 | 0.26 | 0.52 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 427.05 | 428.45 | 1.40 | 125.93 | 0.02 | 0.38 | 0.80 | ||||||||||||||||||||||
DDH-3106 |
Conglomerado | 428.45 | 429.55 | 1.10 | 69.36 | 0.03 | 0.97 | 3.08 | ||||||||||||||||||||||
DDH-5506 |
Constancia | 151.00 | 151.70 | 0.70 | 197.98 | 1.57 | 0.28 | 0.60 | ||||||||||||||||||||||
DDH-5806 |
Constancia | 163.22 | 164.30 | 1.08 | 207.05 | 3.41 | 0.22 | 0.85 | ||||||||||||||||||||||
DDH-6306 |
Constancia | 155.70 | 156.40 | 0.70 | 147.00 | 0.36 | 0.06 | 0.06 | ||||||||||||||||||||||
DDH-6406 |
Constancia | 137.35 | 138.26 | 0.91 | 133.00 | 1.01 | 0.04 | 0.15 | ||||||||||||||||||||||
DDH-6506 |
Constancia | 187.34 | 188.40 | 1.06 | 57.76 | 0.10 | 0.68 | 1.58 | ||||||||||||||||||||||
DDH-6706 |
Constancia | 140.25 | 140.98 | 0.73 | 50.30 | 0.09 | 0.07 | 0.83 | ||||||||||||||||||||||
DDH-6906 |
Constancia | 193.76 | 195.00 | 1.24 | 99.80 | 0.19 | 0.15 | 0.80 | ||||||||||||||||||||||
DDH-7306 |
Constancia | 181.63 | 184.34 | 0.71 | 169.00 | 0.54 | 0.91 | 1.88 | ||||||||||||||||||||||
DDH-7306 |
Constancia | 182.34 | 182.77 | 0.43 | 838.00 | 14.75 | 0.16 | 0.47 | ||||||||||||||||||||||
DDH-0106 |
Fastidiosa | 16.16 | 16.43 | 0.27 | 769.51 | 0.04 | 19.09 | 2.87 | ||||||||||||||||||||||
DDH-0106 |
Fastidiosa | 16.43 | 17.11 | 0.68 | 311.77 | 0.04 | 3.86 | 1.66 | ||||||||||||||||||||||
DDH-1006 |
Fastidiosa | 23.96 | 24.24 | 0.28 | 1649.59 | 1.27 | 16.15 | 15.67 | ||||||||||||||||||||||
DDH-1306 |
Fastidiosa | 39.05 | 39.60 | 0.55 | 209.57 | 0.07 | 1.76 | 1.47 | ||||||||||||||||||||||
DDH-4306 |
Fastidiosa | 48.40 | 49.18 | 0.78 | 204.51 | 0.05 | 6.54 | 6.90 | ||||||||||||||||||||||
DDH-4406 |
Fastidiosa | 32.20 | 32.36 | 0.16 | 127.08 | 0.04 | 4.05 | 10.83 | ||||||||||||||||||||||
DDH-4606 |
Fastidiosa | 43.30 | 44.18 | 0.88 | 58.84 | 0.08 | 2.70 | 3.38 | ||||||||||||||||||||||
DDH-4806 |
Fastidiosa | 31.60 | 32.22 | 0.62 | 145.49 | 0.08 | 2.84 | 1.57 | ||||||||||||||||||||||
DDH-1306 |
Fastidiosa | 39.60 | 39.80 | 0.20 | 2223.40 | 0.58 | 3.83 | 0.93 | ||||||||||||||||||||||
DDH-7506 |
Fastidiosa Piso | 45.30 | 46.45 | 1.15 | 133.00 | 0.11 | 2.02 | 2.67 | ||||||||||||||||||||||
DDH-7506 |
Fastidiosa Piso | 46.45 | 48.35 | 1.90 | 535.00 | 0.02 | 0.52 | 2.17 | ||||||||||||||||||||||
DDH-7506 |
Fastidiosa Piso | 48.35 | 49.60 | 1.25 | 111.00 | 0.07 | 1.44 | 4.37 | ||||||||||||||||||||||
DDH-1406 |
Halley | 47.56 | 48.17 | 0.61 | 114.00 | 0.04 | 2.30 | 3.75 | ||||||||||||||||||||||
DDH-1406 |
Halley | 48.17 | 48.77 | 0.60 | 152.08 | 0.04 | 2.96 | 2.87 | ||||||||||||||||||||||
DDH-1406 |
Halley | 48.77 | 49.38 | 0.61 | 21.04 | 0.01 | 0.21 | 0.20 | ||||||||||||||||||||||
DDH-1606 |
Halley | 31.99 | 32.50 | 0.51 | 111.47 | 0.08 | 5.31 | 5.43 | ||||||||||||||||||||||
DDH-1606 |
Halley | 32.50 | 33.40 | 0.90 | 145.35 | 0.12 | 4.34 | 5.89 | ||||||||||||||||||||||
DDH-1606 |
Halley | 33.40 | 34.20 | 0.80 | 248.60 | 0.06 | 8.63 | 2.82 | ||||||||||||||||||||||
DDH-1406 |
Halley | 49.38 | 50.00 | 0.62 | 129.45 | 0.04 | 3.39 | 3.00 | ||||||||||||||||||||||
DDH-1406 |
Halley | 50.00 | 51.00 | 1.00 | 267.29 | 0.08 | 6.14 | 9.03 | ||||||||||||||||||||||
DDH-1406 |
Halley | 51.00 | 52.00 | 1.00 | 170.99 | 0.06 | 4.51 | 6.02 | ||||||||||||||||||||||
DDH-1406 |
Halley | 52.00 | 52.60 | 0.60 | 172.78 | 0.04 | 3.93 | 3.80 | ||||||||||||||||||||||
DDH-1406 |
Halley | 52.60 | 52.80 | 0.20 | 100.43 | 0.03 | 2.06 | 2.81 | ||||||||||||||||||||||
DDH-1406 |
Halley | 53.79 | 54.36 | 0.57 | 119.19 | 0.05 | 1.74 | 1.49 | ||||||||||||||||||||||
DDH-1406 |
Halley | 54.36 | 55.00 | 0.64 | 163.80 | 0.06 | 3.43 | 5.03 | ||||||||||||||||||||||
DDH-1406 |
Halley | 55.00 | 55.64 | 0.64 | 212.86 | 0.05 | 4.50 | 4.06 | ||||||||||||||||||||||
DDH-1406 |
Halley | 55.86 | 56.40 | 0.54 | 74.41 | 0.03 | 1.40 | 1.99 | ||||||||||||||||||||||
DDH-1406 |
Halley | 56.40 | 56.98 | 0.58 | 256.86 | 0.09 | 6.11 | 6.24 | ||||||||||||||||||||||
DDH-1406 |
Halley | 56.98 | 57.65 | 0.67 | 210.08 | 0.05 | 4.11 | 4.11 | ||||||||||||||||||||||
DDH-1406 |
Halley | 57.65 | 58.24 | 0.59 | 220.10 | 0.08 | 4.88 | 4.28 |
43-101 (PanAm) | Huaron Mine | 57 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-1406 |
Halley | 58.24 | 58.84 | 0.60 | 282.47 | 0.08 | 6.26 | 4.74 | ||||||||||||||||||||||
DDH-1406 |
Halley | 58.84 | 59.40 | 0.56 | 422.69 | 0.09 | 8.51 | 4.48 | ||||||||||||||||||||||
DDH-1406 |
Halley | 59.40 | 60.00 | 0.60 | 87.63 | 0.03 | 1.72 | 3.57 | ||||||||||||||||||||||
DDH-1406 |
Halley | 60.00 | 61.00 | 1.00 | 262.24 | 0.06 | 5.28 | 4.92 | ||||||||||||||||||||||
DDH-1406 |
Halley | 61.00 | 61.70 | 0.70 | 363.52 | 0.11 | 7.03 | 10.54 | ||||||||||||||||||||||
DDH-1406 |
Halley | 61.70 | 62.29 | 0.59 | 180.50 | 0.05 | 3.58 | 4.26 | ||||||||||||||||||||||
DDH-1406 |
Halley | 62.29 | 62.87 | 0.58 | 253.98 | 0.06 | 5.25 | 5.10 | ||||||||||||||||||||||
DDH-1406 |
Halley | 62.87 | 63.47 | 0.60 | 131.06 | 0.03 | 3.20 | 2.78 | ||||||||||||||||||||||
DDH-1406 |
Halley | 63.47 | 63.96 | 0.49 | 77.82 | 0.04 | 1.65 | 2.73 | ||||||||||||||||||||||
DDH-1406 |
Halley | 63.96 | 64.36 | 0.40 | 799.89 | 0.22 | 26.28 | 13.57 | ||||||||||||||||||||||
DDH-1406 |
Halley | 64.36 | 64.90 | 0.54 | 328.77 | 0.07 | 4.91 | 2.92 | ||||||||||||||||||||||
DDH-1406 |
Halley | 64.90 | 65.80 | 0.90 | 81.93 | 0.02 | 1.64 | 1.79 | ||||||||||||||||||||||
DDH-1406 |
Halley | 65.80 | 66.60 | 0.80 | 118.17 | 0.04 | 3.13 | 3.57 | ||||||||||||||||||||||
DDH-1406 |
Halley | 66.60 | 67.50 | 0.90 | 102.56 | 0.02 | 1.49 | 1.83 | ||||||||||||||||||||||
DDH-1406 |
Halley | 67.50 | 68.10 | 0.60 | 178.71 | 0.03 | 3.25 | 1.96 | ||||||||||||||||||||||
DDH-1406 |
Halley | 68.10 | 69.26 | 1.16 | 100.08 | 0.04 | 1.46 | 2.14 | ||||||||||||||||||||||
DDH-1606 |
Halley | 34.20 | 34.80 | 0.60 | 268.06 | 0.09 | 8.01 | 4.59 | ||||||||||||||||||||||
DDH-1606 |
Halley | 34.80 | 35.80 | 1.00 | 131.88 | 0.08 | 3.78 | 4.16 | ||||||||||||||||||||||
DDH-1606 |
Halley | 35.80 | 36.60 | 0.80 | 116.16 | 0.04 | 4.05 | 2.37 | ||||||||||||||||||||||
DDH-1606 |
Halley | 36.60 | 37.60 | 1.00 | 63.51 | 0.04 | 3.13 | 2.68 | ||||||||||||||||||||||
DDH-1606 |
Halley | 37.60 | 38.10 | 0.50 | 108.86 | 0.04 | 3.91 | 3.62 | ||||||||||||||||||||||
DDH-1606 |
Halley | 38.10 | 38.80 | 0.70 | 155.06 | 0.09 | 4.65 | 6.49 | ||||||||||||||||||||||
DDH-1606 |
Halley | 38.80 | 39.60 | 0.80 | 82.54 | 0.03 | 1.44 | 3.19 | ||||||||||||||||||||||
DDH-1606 |
Halley | 39.60 | 40.40 | 0.80 | 53.63 | 0.02 | 1.01 | 1.77 | ||||||||||||||||||||||
DDH-1606 |
Halley | 40.40 | 41.00 | 0.60 | 227.76 | 0.06 | 2.16 | 1.44 | ||||||||||||||||||||||
DDH-1606 |
Halley | 41.00 | 41.60 | 0.60 | 217.44 | 0.11 | 5.97 | 8.73 | ||||||||||||||||||||||
DDH-1606 |
Halley | 43.34 | 43.92 | 0.58 | 261.12 | 0.07 | 3.56 | 2.42 | ||||||||||||||||||||||
DDH-1606 |
Halley | 43.92 | 44.40 | 0.48 | 326.20 | 0.08 | 6.97 | 3.85 | ||||||||||||||||||||||
DDH-1606 |
Halley | 44.40 | 44.87 | 0.47 | 124.28 | 0.04 | 2.35 | 1.94 | ||||||||||||||||||||||
DDH-1606 |
Halley | 46.91 | 47.40 | 0.49 | 409.73 | 0.17 | 11.60 | 6.45 | ||||||||||||||||||||||
DDH-1606 |
Halley | 47.40 | 48.18 | 0.78 | 271.39 | 0.07 | 6.82 | 1.60 | ||||||||||||||||||||||
DDH-1606 |
Halley | 48.18 | 48.79 | 0.61 | 84.21 | 0.04 | 1.98 | 0.86 | ||||||||||||||||||||||
DDH-1606 |
Halley | 48.79 | 49.38 | 0.59 | 520.57 | 0.13 | 16.94 | 4.37 | ||||||||||||||||||||||
DDH-1606 |
Halley | 49.38 | 50.40 | 1.02 | 502.23 | 0.11 | 10.71 | 2.57 | ||||||||||||||||||||||
DDH-1606 |
Halley | 50.40 | 51.17 | 0.77 | 138.79 | 0.03 | 5.57 | 0.78 | ||||||||||||||||||||||
DDH-1606 |
Halley | 51.17 | 52.00 | 0.83 | 943.78 | 0.21 | 13.19 | 0.73 | ||||||||||||||||||||||
DDH-1606 |
Halley | 52.79 | 53.40 | 0.61 | 345.80 | 0.13 | 10.99 | 6.26 | ||||||||||||||||||||||
DDH-1606 |
Halley | 53.40 | 54.00 | 0.60 | 74.38 | 0.03 | 2.33 | 2.35 | ||||||||||||||||||||||
DDH-1606 |
Halley | 54.00 | 55.00 | 1.00 | 78.97 | 0.04 | 1.99 | 0.82 | ||||||||||||||||||||||
DDH-1606 |
Halley | 55.00 | 56.20 | 1.20 | 31.97 | 0.02 | 0.63 | 0.52 | ||||||||||||||||||||||
DDH-1606 |
Halley | 56.20 | 57.00 | 0.80 | 58.82 | 0.03 | 1.64 | 0.25 | ||||||||||||||||||||||
DDH-1606 |
Halley | 57.00 | 57.78 | 0.78 | 61.56 | 0.02 | 2.00 | 0.66 | ||||||||||||||||||||||
DDH-1606 |
Halley | 57.78 | 58.40 | 0.62 | 127.25 | 0.03 | 2.32 | 2.58 | ||||||||||||||||||||||
DDH-1606 |
Halley | 58.40 | 58.80 | 0.40 | 365.36 | 0.07 | 10.02 | 12.07 | ||||||||||||||||||||||
DDH-1606 |
Halley | 58.80 | 59.57 | 0.77 | 249.74 | 0.04 | 4.94 | 8.61 | ||||||||||||||||||||||
DDH-0206 |
July | 44.21 | 44.80 | 0.59 | 322.26 | 0.07 | 4.62 | 10.07 | ||||||||||||||||||||||
DDH-0206 |
July | 44.80 | 45.65 | 0.85 | 857.03 | 0.05 | 4.36 | 11.52 | ||||||||||||||||||||||
DDH-0206 |
July | 45.65 | 46.30 | 0.65 | 96.44 | 0.03 | 0.51 | 5.72 | ||||||||||||||||||||||
DDH-0206 |
July | 46.30 | 46.94 | 0.64 | 353.94 | 0.06 | 2.97 | 6.49 | ||||||||||||||||||||||
DDH-0206 |
July | 46.94 | 47.23 | 0.29 | 427.60 | 0.07 | 5.16 | 8.66 | ||||||||||||||||||||||
DDH-0206 |
July | 47.23 | 47.70 | 0.47 | 54.42 | 0.04 | 0.50 | 4.48 | ||||||||||||||||||||||
DDH-0206 |
July | 47.70 | 48.11 | 0.41 | 77.82 | 0.07 | 0.87 | 5.59 | ||||||||||||||||||||||
DDH-0306 |
July | 36.55 | 37.04 | 0.49 | 376.92 | 0.07 | 12.21 | 4.12 | ||||||||||||||||||||||
DDH-0306 |
July | 39.40 | 39.70 | 0.30 | 511.67 | 0.06 | 16.13 | 2.46 | ||||||||||||||||||||||
DDH-0606 |
July | 29.06 | 29.91 | 0.85 | 278.33 | 0.07 | 8.76 | 14.32 | ||||||||||||||||||||||
DDH-7406 |
July | 16.94 | 17.78 | 0.84 | 398.00 | 0.25 | 3.72 | 29.05 |
43-101 (PanAm) | Huaron Mine | 58 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-3906 |
Llacasacocha (superficie) | 149.30 | 149.70 | 0.40 | 69.92 | 0.01 | 0.41 | 3.98 | ||||||||||||||||||||||
DDH-3906 |
Llacasacocha (superficie) | 149.70 | 150.70 | 1.00 | 213.53 | 0.23 | 0.60 | 4.15 | ||||||||||||||||||||||
DDH-3906 |
Llacasacocha (superficie) | 150.70 | 151.70 | 1.00 | 120.56 | 0.03 | 0.75 | 3.97 | ||||||||||||||||||||||
DDH-4706 |
Llacsacocha | 97.36 | 97.93 | 0.57 | 398.69 | 0.08 | 1.99 | 4.02 | ||||||||||||||||||||||
DDH-3406 |
Martin | 91.09 | 91.34 | 0.25 | 2892.20 | 2.18 | 3.29 | 0.55 | ||||||||||||||||||||||
DDH-2006 |
Mily | 0.00 | 121.08 | 121.08 | 106.77 | 0.02 | 1.37 | 4.26 | ||||||||||||||||||||||
DDH-2006 |
Mily | 121.08 | 121.95 | 0.87 | 54.02 | 0.03 | 0.84 | 3.57 | ||||||||||||||||||||||
DDH-2006 |
Mily | 121.95 | 122.53 | 0.58 | 21.19 | 0.02 | 0.19 | 5.17 | ||||||||||||||||||||||
DDH-2006 |
Mily | 122.53 | 123.15 | 0.62 | 53.45 | 0.11 | 0.25 | 4.04 | ||||||||||||||||||||||
DDH-2006 |
Mily | 123.15 | 123.80 | 0.65 | 247.14 | 0.35 | 3.15 | 11.88 | ||||||||||||||||||||||
DDH-3506 |
Mily | 46.77 | 47.73 | 0.96 | 202.43 | 0.04 | 1.78 | 1.55 | ||||||||||||||||||||||
DDH-3506 |
Mily | 47.73 | 48.68 | 0.95 | 238.39 | 0.03 | 2.60 | 1.07 | ||||||||||||||||||||||
DDH-3506 |
Mily | 48.68 | 49.69 | 1.01 | 176.46 | 0.03 | 3.55 | 1.53 | ||||||||||||||||||||||
DDH-3506 |
Mily | 49.69 | 50.45 | 0.76 | 307.27 | 0.05 | 6.03 | 3.26 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 11.42 | 11.55 | 0.13 | 595.70 | 0.20 | 26.61 | 18.30 | ||||||||||||||||||||||
DDH-3606 |
Patrick | 96.40 | 97.40 | 1.00 | 376.41 | 0.10 | 4.25 | 7.01 | ||||||||||||||||||||||
DDH-4206 |
Patrick | 65.70 | 65.75 | 0.05 | 143.39 | 0.02 | 1.76 | 5.86 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 21.28 | 22.00 | 0.72 | 448.04 | 0.11 | 8.41 | 2.25 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 22.00 | 23.00 | 1.00 | 23.82 | 0.01 | 0.43 | 0.79 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 23.00 | 24.00 | 1.00 | 232.36 | 0.06 | 3.93 | 0.93 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 24.00 | 25.20 | 1.20 | 475.04 | 0.10 | 16.83 | 8.06 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 25.20 | 26.20 | 1.00 | 117.26 | 0.05 | 3.95 | 2.94 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 26.20 | 27.00 | 0.80 | 539.10 | 0.03 | 17.97 | 1.10 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 27.00 | 28.00 | 1.00 | 91.61 | 0.08 | 2.40 | 1.80 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 28.00 | 29.00 | 1.00 | 360.39 | 0.05 | 12.25 | 9.88 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 29.00 | 30.50 | 1.50 | 211.53 | 0.13 | 0.85 | 2.05 | ||||||||||||||||||||||
DDH-4506 |
Patrick | 30.50 | 31.84 | 1.34 | 1179.03 | 0.54 | 20.00 | 10.58 | ||||||||||||||||||||||
DDH-4906 |
Patrick | 107.47 | 108.20 | 0.73 | 70.42 | 0.06 | 2.40 | 3.42 | ||||||||||||||||||||||
DDH-4906 |
Patrick | 108.20 | 109.20 | 1.00 | 79.52 | 0.09 | 3.57 | 4.20 | ||||||||||||||||||||||
DDH-5206 |
Patrick | 136.05 | 137.00 | 0.95 | 318.80 | 0.18 | 8.65 | 9.43 | ||||||||||||||||||||||
DDH-6606 |
Patrick | 13.88 | 14.52 | 0.64 | 217.79 | 0.17 | 0.70 | 26.11 | ||||||||||||||||||||||
DDH-7006 |
Patrick | 166.10 | 166.89 | 0.79 | 195.00 | 0.11 | 4.39 | 7.13 | ||||||||||||||||||||||
DDH-7006 |
Patrick | 166.89 | 167.20 | 0.31 | 23.90 | 0.40 | 0.28 | 0.27 | ||||||||||||||||||||||
DDH-7006 |
Patrick | 167.20 | 168.39 | 1.19 | 138.00 | 0.06 | 3.17 | 4.97 | ||||||||||||||||||||||
DDH-7206 |
Patrick | 193.65 | 194.95 | 1.30 | 115.00 | 0.04 | 1.50 | 3.11 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 11.55 | 12.40 | 0.85 | 132.57 | 0.05 | 6.03 | 2.72 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 12.40 | 13.40 | 1.00 | 103.52 | 0.01 | 3.71 | 1.50 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 13.40 | 13.95 | 0.55 | 154.55 | 0.06 | 5.21 | 3.22 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 16.81 | 17.93 | 1.12 | 17.98 | 0.01 | 0.19 | 0.41 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 17.93 | 18.12 | 0.19 | 87.12 | 0.02 | 3.54 | 0.60 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 18.12 | 19.09 | 0.97 | 384.15 | 0.06 | 12.55 | 11.98 | ||||||||||||||||||||||
DDH-0906 |
Patrick | 19.09 | 19.90 | 0.81 | 156.77 | 0.04 | 6.40 | 4.43 | ||||||||||||||||||||||
DDH-2906 |
Ramal 1 | 115.80 | 116.50 | 0.70 | 374.93 | 0.74 | 0.55 | 1.12 | ||||||||||||||||||||||
DDH-2906 |
Ramal 1 | 116.50 | 117.30 | 0.80 | 1427.09 | 2.62 | 0.97 | 1.28 | ||||||||||||||||||||||
DDH-2906 |
Ramal 1 | 117.30 | 117.55 | 0.25 | 2022.49 | 19.23 | 1.44 | 2.71 | ||||||||||||||||||||||
DDH-3006 |
Ramal 1 | 110.80 | 111.75 | 0.95 | 140.80 | 0.08 | 0.66 | 0.69 | ||||||||||||||||||||||
DDH-2306 |
Sorpresa | 100.80 | 101.18 | 0.38 | 295.56 | 0.10 | 0.31 | 3.83 | ||||||||||||||||||||||
DDH-4006 |
Sorpresa | 68.20 | 69.30 | 1.10 | 523.03 | 0.26 | 0.34 | 0.78 | ||||||||||||||||||||||
DDH-0406 |
Surprise | 72.70 | 73.60 | 0.90 | 235.99 | 0.06 | 0.58 | 0.80 | ||||||||||||||||||||||
DDH-1706 |
Surprise | 88.70 | 89.31 | 0.61 | 581.72 | 0.20 | 1.42 | 1.18 | ||||||||||||||||||||||
DDH-1806 |
Travieso | 133.76 | 134.80 | 1.04 | 280.89 | 1.44 | 0.27 | 2.31 |
43-101 (PanAm) | Huaron Mine | 59 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-1806 |
Travieso | 134.80 | 135.80 | 1.00 | 410.54 | 2.45 | 0.54 | 3.70 | ||||||||||||||||||||||
DDH-1806 |
Travieso | 135.80 | 136.80 | 1.00 | 185.67 | 1.05 | 0.43 | 1.88 | ||||||||||||||||||||||
DDH-2606 |
Travieso | 133.27 | 134.36 | 1.09 | 263.63 | 0.14 | 1.05 | 0.66 | ||||||||||||||||||||||
DDH-2806 |
Travieso | 133.83 | 134.60 | 0.77 | 202.42 | 0.22 | 0.30 | 1.80 | ||||||||||||||||||||||
DDH-3206 |
Travieso | 137.16 | 137.87 | 0.71 | 89.22 | 1.85 | 0.11 | 0.36 | ||||||||||||||||||||||
DDH-5106 |
Ximena | 50.42 | 51.00 | 0.58 | 371.05 | 0.17 | 1.59 | 0.42 | ||||||||||||||||||||||
DDH-5306 |
Ximena | 52.50 | 53.40 | 0.90 | 167.80 | 0.08 | 3.60 | 3.98 | ||||||||||||||||||||||
DDH-5406 |
Ximena | 47.70 | 49.20 | 1.50 | 283.81 | 0.10 | 4.22 | 9.94 |
43-101 (PanAm) | Huaron Mine | 60 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 46.00 | 47.00 | 1.00 | 1341.00 | 4.00 | 0.35 | 0.86 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 57.10 | 57.70 | 0.60 | 221.00 | 0.25 | 6.07 | 5.53 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 57.70 | 58.77 | 1.07 | 139.00 | 1.29 | 0.91 | 1.02 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 58.77 | 59.70 | 0.93 | 29.70 | 0.08 | 0.17 | 0.52 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 59.70 | 60.62 | 0.92 | 151.00 | 0.29 | 4.57 | 4.93 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 65.10 | 66.50 | 1.40 | 442.00 | 1.42 | 0.82 | 3.23 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 66.50 | 67.13 | 0.63 | 277.00 | 0.61 | 0.58 | 2.57 | ||||||||||||||||||||||
DDH-0107 |
Juanita Ramal | 67.13 | 67.84 | 0.71 | 55.50 | 0.05 | 0.21 | 1.17 | ||||||||||||||||||||||
DDH-6707 |
Ramal Danitza | 94.55 | 95.35 | 0.80 | 122.35 | 0.24 | 0.14 | 0.52 | ||||||||||||||||||||||
DDH-6707 |
Ramal Danitza | 95.35 | 96.15 | 0.80 | 185.60 | 0.12 | 0.41 | 0.70 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 23.11 | 23.40 | 0.29 | 37.29 | 0.02 | 1.30 | 5.89 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 35.80 | 36.02 | 0.22 | 57.97 | 0.02 | 1.52 | 3.22 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 54.43 | 54.52 | 0.09 | 452.96 | 0.08 | 7.88 | 8.08 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 55.94 | 56.17 | 0.23 | 992.43 | 0.15 | 8.83 | 1.58 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 56.57 | 56.68 | 0.11 | 4051.36 | 0.29 | 14.02 | 3.40 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 87.18 | 87.29 | 0.10 | 2043.99 | 0.66 | 4.87 | 2.38 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 109.88 | 110.10 | 0.22 | 231.66 | 0.21 | 6.13 | 11.99 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 110.10 | 110.40 | 0.30 | 242.04 | 0.09 | 2.61 | 2.41 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 110.40 | 110.80 | 0.40 | 1620.55 | 0.39 | 13.79 | 11.14 | ||||||||||||||||||||||
DDH-6907 |
Ramal Danitza | 110.80 | 111.31 | 0.51 | 204.46 | 0.03 | 0.41 | 0.14 | ||||||||||||||||||||||
DDH-0407 |
Veta Alianza | 64.33 | 64.90 | 0.57 | 785.00 | 0.32 | 2.81 | 2.97 | ||||||||||||||||||||||
DDH-0407 |
Veta Alianza | 64.90 | 66.70 | 1.80 | 95.60 | 0.09 | 0.17 | 0.57 | ||||||||||||||||||||||
DDH-0407 |
Veta Alianza | 66.70 | 67.59 | 0.89 | 26.90 | 0.10 | 0.03 | 0.42 | ||||||||||||||||||||||
DDH-0407 |
Veta Alianza | 67.59 | 68.20 | 0.61 | 606.00 | 1.09 | 0.34 | 0.34 | ||||||||||||||||||||||
DDH-0807 |
Veta Alianza | 114.94 | 115.35 | 0.41 | 104.79 | 0.11 | 1.28 | 0.49 | ||||||||||||||||||||||
DDH-0807 |
Veta Alianza | 115.35 | 116.06 | 0.71 | 120.47 | 0.09 | 3.58 | 2.65 | ||||||||||||||||||||||
DDH-0807 |
Veta Alianza | 116.06 | 117.61 | 1.55 | 295.54 | 0.20 | 1.67 | 1.51 | ||||||||||||||||||||||
DDH-0807 |
Veta Alianza | 117.61 | 119.03 | 1.42 | 111.18 | 0.12 | 1.58 | 3.49 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 33.10 | 33.65 | 0.55 | 127.63 | 0.25 | 1.79 | 8.19 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 33.65 | 33.95 | 0.30 | 295.06 | 1.44 | 0.25 | 3.05 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 33.95 | 34.90 | 0.95 | 140.27 | 0.13 | 1.64 | 5.28 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 34.90 | 36.00 | 1.10 | 125.45 | 0.09 | 1.45 | 4.85 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 36.00 | 37.35 | 1.35 | 82.43 | 0.07 | 0.57 | 2.41 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 37.35 | 38.40 | 1.05 | 69.87 | 0.12 | 0.19 | 0.77 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 38.40 | 39.20 | 0.80 | 110.69 | 0.42 | 0.56 | 2.72 | ||||||||||||||||||||||
DDH-5407 |
Veta Alianza | 39.20 | 40.10 | 0.90 | 61.71 | 0.09 | 0.95 | 3.60 | ||||||||||||||||||||||
DDH-5607 |
Veta Alianza | 51.35 | 52.10 | 0.75 | 48.22 | 0.14 | 0.79 | 3.10 | ||||||||||||||||||||||
DDH-5607 |
Veta Alianza | 52.10 | 52.80 | 0.70 | 50.55 | 0.19 | 0.57 | 2.77 | ||||||||||||||||||||||
DDH-5607 |
Veta Alianza | 52.80 | 53.50 | 0.70 | 96.96 | 0.37 | 0.56 | 3.28 | ||||||||||||||||||||||
DDH-5807 |
Veta Alianza | 34.54 | 35.25 | 0.71 | 11.37 | 0.01 | 0.94 | 2.00 | ||||||||||||||||||||||
DDH-5807 |
Veta Alianza | 40.90 | 41.70 | 0.80 | 24.20 | 0.05 | 0.28 | 1.44 | ||||||||||||||||||||||
DDH-5907 |
Veta Alianza | 46.04 | 47.10 | 1.06 | 160.77 | 0.36 | 0.76 | 1.81 | ||||||||||||||||||||||
DDH-6307 |
Veta Alianza | 71.91 | 72.95 | 1.04 | 139.89 | 0.44 | 0.72 | 4.11 | ||||||||||||||||||||||
DDH-6307 |
Veta Alianza | 72.95 | 74.05 | 1.10 | 420.08 | 1.52 | 1.03 | 8.19 | ||||||||||||||||||||||
DDH-6307 |
Veta Alianza | 74.05 | 74.85 | 0.80 | 226.58 | 5.68 | 1.22 | 1.83 | ||||||||||||||||||||||
DDH-6307 |
Veta Alianza | 74.85 | 75.70 | 0.85 | 153.08 | 1.14 | 1.52 | 6.17 | ||||||||||||||||||||||
DDH-6607 |
Veta Alianza | 79.84 | 80.85 | 1.01 | 910.37 | 0.20 | 7.58 | 0.62 | ||||||||||||||||||||||
DDH-6607 |
Veta Alianza | 80.85 | 81.55 | 0.70 | 1559.18 | 1.19 | 0.28 | 0.26 | ||||||||||||||||||||||
DDH-6607 |
Veta Alianza | 81.55 | 81.65 | 0.10 | 7.12 | 0.01 | 0.01 | 0.02 | ||||||||||||||||||||||
DDH-6607 |
Veta Alianza | 81.65 | 81.88 | 0.23 | 402.30 | 0.40 | 0.22 | 0.09 |
43-101 (PanAm) | Huaron Mine | 61 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-6307 |
Veta Alianza | 39.15 | 40.27 | 1.12 | 73.27 | 0.53 | 0.16 | 2.44 | ||||||||||||||||||||||
DDH-1907 |
Veta Cuatro | 51.30 | 53.43 | 2.13 | 171.57 | 0.02 | 3.60 | 0.49 | ||||||||||||||||||||||
DDH-2407 |
Veta Fastidiosa | 43.67 | 44.77 | 1.10 | 126.29 | 0.16 | 2.22 | 3.51 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 133.33 | 133.70 | 0.37 | 202.00 | 0.07 | 0.34 | 0.03 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 133.70 | 134.50 | 0.80 | 198.00 | 0.03 | 2.36 | 0.13 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 134.50 | 135.43 | 0.93 | 439.00 | 0.07 | 6.91 | 0.45 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 135.43 | 135.90 | 0.47 | 383.00 | 0.07 | 9.39 | 2.27 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 97.65 | 98.17 | 0.52 | 193.00 | 0.14 | 0.25 | 0.06 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 98.17 | 98.51 | 0.34 | 721.00 | 0.27 | 3.11 | 1.99 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 79.56 | 80.76 | 1.20 | 287.00 | 0.15 | 7.56 | 9.53 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 80.76 | 81.71 | 0.95 | 282.00 | 0.07 | 5.73 | 2.79 | ||||||||||||||||||||||
DDH-2407 |
Veta Fastidiosa | 104.80 | 106.10 | 1.30 | 326.98 | 0.68 | 1.85 | 2.20 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 154.64 | 154.80 | 0.16 | 397.00 | 0.14 | 6.70 | 4.24 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 154.80 | 155.04 | 0.24 | 23.30 | 0.01 | 0.26 | 0.35 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 155.04 | 156.10 | 1.06 | 168.00 | 0.06 | 2.31 | 1.33 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 156.10 | 156.46 | 0.36 | 82.30 | 0.03 | 1.08 | 1.07 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 156.46 | 157.60 | 1.14 | 92.60 | 0.04 | 0.54 | 3.17 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 157.60 | 158.57 | 0.97 | 79.90 | 0.02 | 0.61 | 2.72 | ||||||||||||||||||||||
DDH-0307 |
Veta Fastidiosa | 158.57 | 159.17 | 0.60 | 68.50 | 0.02 | 0.74 | 0.89 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 189.47 | 190.38 | 0.91 | 306.00 | 0.32 | 0.39 | 1.24 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 190.38 | 191.40 | 1.02 | 253.54 | 0.11 | 0.33 | 1.02 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 212.70 | 213.33 | 0.63 | 15.74 | 0.01 | 0.08 | 0.05 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 218.28 | 219.40 | 1.12 | 167.56 | 0.02 | 0.31 | 2.54 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 219.40 | 220.40 | 1.00 | 1150.51 | 0.12 | 1.55 | 8.20 | ||||||||||||||||||||||
DDH-0707 |
Veta Fastidiosa | 220.40 | 221.20 | 0.80 | 98.56 | 0.03 | 0.18 | 2.91 | ||||||||||||||||||||||
DDH-2407 |
Veta Fastidiosa | 152.30 | 153.30 | 1.00 | 544.85 | 0.32 | 0.96 | 3.72 | ||||||||||||||||||||||
DDH-2407 |
Veta Fastidiosa | 153.30 | 154.63 | 1.33 | 1611.28 | 0.99 | 0.48 | 2.67 | ||||||||||||||||||||||
DDH-5707 |
Veta Fastidiosa | 103.54 | 104.30 | 0.76 | 99.64 | 0.02 | 0.43 | 3.98 | ||||||||||||||||||||||
DDH-5707 |
Veta Fastidiosa | 104.30 | 105.30 | 1.00 | 136.83 | 0.13 | 2.36 | 12.20 | ||||||||||||||||||||||
DDH-5707 |
Veta Fastidiosa | 105.30 | 106.70 | 1.40 | 83.37 | 0.07 | 1.08 | 7.78 | ||||||||||||||||||||||
DDH-5707 |
Veta Fastidiosa | 107.70 | 109.13 | 1.43 | 139.56 | 0.07 | 2.32 | 1.48 | ||||||||||||||||||||||
DDH-5007 |
Veta Llacsacocha | 116.08 | 117.70 | 1.62 | 102.35 | 0.21 | 1.28 | 2.94 | ||||||||||||||||||||||
DDH-5007 |
Veta Llacsacocha | 117.70 | 119.30 | 1.60 | 1334.32 | 2.44 | 0.78 | 2.59 | ||||||||||||||||||||||
DDH-5007 |
Veta Llacsacocha | 145.90 | 147.34 | 1.44 | 338.06 | 0.25 | 0.76 | 5.64 | ||||||||||||||||||||||
DDH-5007 |
Veta Llacsacocha | 147.34 | 148.04 | 0.70 | 31.76 | 0.14 | 0.99 | 3.82 | ||||||||||||||||||||||
DDH-5007 |
Veta Llacsacocha | 148.04 | 148.82 | 0.78 | 186.19 | 0.21 | 0.67 | 5.49 | ||||||||||||||||||||||
DDH-6107 |
Veta Llacsacocha | 114.01 | 114.82 | 0.81 | 70.53 | 0.09 | 1.85 | 13.68 | ||||||||||||||||||||||
DDH-6407 |
Veta Llacsacocha | 77.07 | 77.72 | 0.65 | 62.05 | 0.08 | 0.77 | 2.26 | ||||||||||||||||||||||
DDH-6407 |
Veta Llacsacocha | 121.51 | 122.95 | 1.44 | 72.55 | 0.05 | 1.47 | 4.72 | ||||||||||||||||||||||
DDH-6407 |
Veta Llacsacocha | 130.49 | 133.19 | 2.70 | 49.41 | 0.06 | 0.21 | 1.34 | ||||||||||||||||||||||
DDH-6407 |
Veta Llacsacocha | 133.19 | 136.65 | 3.46 | 25.54 | 0.02 | 0.19 | 1.26 | ||||||||||||||||||||||
DDH-6807 |
Veta Llacsacocha | 117.90 | 118.05 | 0.15 | 282.23 | 0.10 | 0.17 | 6.83 | ||||||||||||||||||||||
DDH-6807 |
Veta Llacsacocha | 118.05 | 119.05 | 1.00 | 54.25 | 0.02 | 1.43 | 2.94 | ||||||||||||||||||||||
DDH-6807 |
Veta Llacsacocha | 119.05 | 123.06 | 4.01 | 105.90 | 0.62 | 0.09 | 1.50 | ||||||||||||||||||||||
DDH-6807 |
Veta Llacsacocha | 129.03 | 129.18 | 0.15 | 51.25 | 0.04 | 0.80 | 3.84 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 125.55 | 126.75 | 1.20 | 176.32 | 0.64 | 0.17 | 0.28 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 127.55 | 128.35 | 0.80 | 92.30 | 0.07 | 1.85 | 3.86 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 135.45 | 136.75 | 1.30 | 17.51 | 0.06 | 0.06 | 4.56 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 136.75 | 137.75 | 1.00 | 373.45 | 0.99 | 0.07 | 3.90 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 137.75 | 139.04 | 1.29 | 157.17 | 0.42 | 0.57 | 4.50 | ||||||||||||||||||||||
DDH-7007 |
Veta Llacsacocha | 142.75 | 143.75 | 1.00 | 69.08 | 0.05 | 0.55 | 3.87 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 80.52 | 80.59 | 0.07 | 295.84 | 0.11 | 8.58 | 20.12 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 104.59 | 105.05 | 0.46 | 128.27 | 0.05 | 1.30 | 3.68 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 127.22 | 128.42 | 1.20 | 106.91 | 0.11 | 0.31 | 3.31 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 129.70 | 130.50 | 0.80 | 61.76 | 0.01 | 0.89 | 5.33 |
43-101 (PanAm) | Huaron Mine | 62 |
True Width | Ag | Cu | Pb | Zn | ||||||||||||||||||||||||||
Drill Hole ID | Objective | From | To | (m) | (g/t) | (%) | (%) | (%) | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 137.38 | 138.55 | 1.17 | 477.19 | 0.37 | 0.16 | 0.53 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 139.65 | 140.65 | 1.00 | 683.22 | 0.80 | 0.12 | 0.28 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 140.65 | 141.45 | 0.80 | 169.48 | 1.12 | 0.10 | 0.20 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 141.45 | 143.20 | 1.75 | 59.93 | 0.01 | 1.04 | 3.54 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 143.20 | 144.71 | 1.51 | 133.99 | 0.13 | 0.11 | 6.78 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 152.31 | 152.50 | 0.19 | 56.73 | 0.03 | 1.01 | 4.40 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 184.34 | 186.69 | 2.35 | 67.26 | 0.06 | 0.86 | 3.18 | ||||||||||||||||||||||
DDH-7207 |
Veta Llacsacocha | 198.03 | 198.30 | 0.27 | 170.34 | 0.02 | 0.63 | 2.29 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 111.21 | 114.08 | 2.87 | 23.55 | 0.02 | 0.41 | 2.31 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 114.08 | 115.57 | 1.49 | 331.56 | 1.60 | 0.18 | 3.12 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 117.20 | 117.74 | 0.54 | 381.41 | 0.28 | 0.26 | 3.21 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 121.05 | 122.64 | 1.59 | 34.14 | 0.02 | 1.45 | 4.41 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 127.10 | 134.05 | 6.95 | 35.54 | 0.09 | 0.27 | 2.45 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 134.05 | 138.22 | 4.17 | 162.40 | 0.64 | 0.23 | 2.33 | ||||||||||||||||||||||
DDH-7407 |
Veta Llacsacocha | 138.22 | 139.40 | 1.58 | 12.99 | 0.01 | 0.19 | 1.65 | ||||||||||||||||||||||
DDH-5507 |
Veta Roxana | 159.60 | 160.10 | 0.50 | 84.95 | 1.73 | 0.05 | 0.23 | ||||||||||||||||||||||
DDH-5507 |
Veta Roxana | 160.10 | 160.37 | 0.27 | 170.31 | 3.59 | 0.07 | 0.54 | ||||||||||||||||||||||
DDH-5507 |
Veta Roxana | 140.46 | 141.15 | 0.69 | 203.59 | 1.25 | 0.06 | 0.20 | ||||||||||||||||||||||
DDH-5507 |
Veta Roxana | 141.15 | 141.50 | 0.35 | 218.54 | 1.52 | 0.12 | 0.24 | ||||||||||||||||||||||
DDH-5507 |
Veta Roxana | 116.07 | 116.26 | 0.19 | 377.56 | 0.17 | 0.24 | 0.28 | ||||||||||||||||||||||
DDH-5107 |
Veta San Narciso | 36.77 | 37.42 | 0.65 | 592.42 | 0.86 | 1.11 | 2.58 | ||||||||||||||||||||||
DDH-5107 |
Veta San Narciso | 37.42 | 37.85 | 0.43 | 515.35 | 1.04 | 15.13 | 27.00 | ||||||||||||||||||||||
DDH-5307 |
Veta San Narciso | 54.35 | 55.02 | 0.67 | 66.55 | 0.09 | 0.60 | 1.25 | ||||||||||||||||||||||
DDH-5307 |
Veta San Narciso | 55.02 | 55.75 | 0.73 | 69.74 | 0.07 | 0.68 | 2.20 | ||||||||||||||||||||||
DDH-6207 |
Veta San Narciso | 5.31 | 6.30 | 0.99 | 117.05 | 0.13 | 0.58 | 3.58 | ||||||||||||||||||||||
DDH-6207 |
Veta San Narciso | 6.30 | 7.22 | 0.92 | 162.03 | 0.22 | 2.98 | 8.20 | ||||||||||||||||||||||
DDH-0607 |
Veta Surprise | 111.60 | 112.20 | 0.60 | 109.03 | 0.12 | 3.81 | 1.70 | ||||||||||||||||||||||
DDH-0607 |
Veta Surprise | 112.20 | 113.40 | 1.20 | 166.93 | 0.13 | 4.24 | 7.57 | ||||||||||||||||||||||
DDH-0907 |
Veta Surprise | 89.81 | 90.55 | 0.74 | 176.63 | 0.09 | 6.24 | 5.78 | ||||||||||||||||||||||
DDH-1207 |
Veta Surprise | 122.43 | 122.64 | 0.21 | 355.22 | 0.15 | 0.44 | 0.18 | ||||||||||||||||||||||
DDH-1707 |
Veta Surprise | 91.93 | 92.69 | 0.76 | 375.88 | 0.15 | 14.74 | 15.24 | ||||||||||||||||||||||
DDH-1807 |
Veta Surprise | 125.27 | 126.37 | 1.10 | 146.06 | 0.11 | 4.36 | 5.50 | ||||||||||||||||||||||
DDH-2007 |
Veta Surprise | 124.49 | 125.08 | 0.59 | 308.96 | 0.19 | 7.75 | 10.17 | ||||||||||||||||||||||
DDH-2307 |
Veta Surprise | 131.85 | 132.57 | 0.72 | 648.86 | 0.23 | 7.30 | 8.63 | ||||||||||||||||||||||
DDH-2507 |
Veta Surprise | 127.25 | 127.60 | 0.35 | 69.66 | 0.03 | 1.47 | 0.76 |
43-101 (PanAm) | Huaron Mine | 63 |
43-101 (PanAm) | Huaron Mine | 64 |
As soon as a new drill hole has been started it is numbered following the system explained below: |
| Drill cores must be cleaned from mud and grease by the drill contractor and placed in provided
core boxes of adequate size. The cores are transported to the surface logging shack and logged by an
experienced geologist. |
| As soon as possible, the underground survey team surveys the x, y and z coordinates as well as
the dip and azimuth of the drill hole. |
|
| Sample intervals are determined by the geologist after the drill-hole has been logged. |
|
| Vein samples vary between 0.1 and 1.5 m long depending on geological observations. |
|
| Hanging and foot wall are sampled for at least 3 m outside visible mineralization. Barren parts
in between mineralized intersections are sampled over their entire length if they are smaller than 6 m. |
|
| If the intersects are clearly defined mineralized zones which can be mined separately, the
sample length depends on the geology to get independent results for ore and wall rock without
compositing. |
|
| The responsible geologist indicates with paint on the core boxes where the sampling has to take
place and notes the exact distances on the log sheets. |
|
| The core is sawn longitudinally in two equal half parts without biasing mineralization. |
|
| Once the sample has been packed, the sample number is written on an aluminum tape and stapled to
the core box in the sample position. Additionally an aluminum tape with the drill-hole number and
consecutive core box number is stapled at the front face of each box. |
|
| Core boxes are stored on metal or wooden racks for easy handling. |
|
| Samples are put into new, clean and transparent plastic bags with two number tags inside and one
number and barcode tag outside and closed with a metal strip. |
|
| Assay results from exploration and delineation drill holes are emailed to the chief geologist
on-site as well as certain staff members in head office for review. Results are entered into the
Century LIMS database by the lab and a hard copy is filed by the geology department. |
43-101 (PanAm) | Huaron Mine | 65 |
| Before taking the sample, the face is cleaned from dust, mud or any other contaminating
agent. The rock may be washed with a water hose or by brushing it with a hard brush. It is
recommendable to expand the cleaning area towards the contour of the channel. It is
preferable, however, to take off the external part of the rock along the channel where the
sample will be collected. |
||
| The exact location of the channel is marked by drawing two parallel lines separated 20
cm and using spray paint. The location is determined using a measuring tape from the
nearest topographic point. |
||
| The channel is carved manually with a chisel and hammer. |
||
| The sample is collected from the total material taken from the channel. |
||
| If the structure has different types of mineralization separate samples are taken for
each type. |
||
| The distance between channels is 4 meters in stopes, 2 meters in horizontal exploration
development and 1 meter in vertical development. |
||
| All samples collected are placed in clean plastic bags together with a sample tag. |
||
| After taking the sample vein thickness and the widths of the drifts are measured and
filled into the sample card together with the location information. |
||
| Assay results are sent by e-mail to the geology department and mine engineering
department for verification and planning. Results are entered into the Century LIMS
database by the lab and a hard copy is filed by the geology department. |
43-101 (PanAm) | Huaron Mine | 66 |
43-101 (PanAm) | Huaron Mine | 67 |
1. | Sample Check-In |
||
Geology staff delivers samples to the sample preparation area of the assay laboratory. |
|||
Samples are delivered in plastic bags identified with a labeled tag. Each sample has an
average weight between 3 and 6 kilograms and has a humidity over 7%. |
|||
Geology staff logs the codes and check-in time in the Logbook. |
43-101 (PanAm) | Huaron Mine | 68 |
2. | Sample Drying |
||
Samples and tags set on the aluminum trays are placed in the drying oven. |
|||
After aproximately 1.3 hours, the trays are removed from the heat and are allowed to cool
down. |
|||
3. | Sample Codification |
||
Sample numbers are recorded in a logbook |
|||
Envelopes are identified with samples date and sample number as received. |
|||
4. | Mechanical Sample Preparation |
||
Dry samples are passed through the jaw and roll crushers, split and then crushed. |
|||
Crushed samples are transferred into barcoded envelopes. |
|||
5. | Sample Weighing |
||
Sample barcodes are read and sample weight for digestion is then determined. This
information enters the database automatically via the LIMS system. |
|||
6. | Sample Digestion |
||
Acids are added to the samples and they are transferred to a hot plate where digestion
begins. |
|||
Samples are allowed to cool and are then homogenized and dissolved. |
|||
7. | Sample Tracing by Atomic Absorption |
||
Lab assistants identifiy the number of samples and elements to be analyzed. |
|||
Quantification is performed by AA spectroscopy. |
|||
Results enter automatically the database via LIMS. |
|||
8. | REPORT OF RESULTS |
||
The geology department receives the sample results directly from the database and imports
the information into Autocad Sample maps and/or into the drill log sheets. Sample
information can also be imported directly from the database into Datamine software. |
43-101 (PanAm) | Huaron Mine | 69 |
ELEMENT | Ag ppm | Cu % | Pb % | Zn % | ||||||||||||
Average |
214.00 | 0.68 | 1.48 | 3.07 | ||||||||||||
St. Dev. |
6.1 | 0.01 | 0.04 | 3.07 |
JAN | FEB | MAR | APR | MAY | JUN | JUL | YTD | |||||||||||||||||||||||||
Number of Std Samples | 25 | 23 | 25 | 28 | 23 | 25 | 29 | 178 | ||||||||||||||||||||||||
Avg Ag (g/t) |
211.54 | 215.68 | 212.75 | 213.56 | 213.17 | 211.11 | 214.81 | 213.25 | ||||||||||||||||||||||||
Variance (g/t) |
-2.46 | 1.68 | -1.25 | -0.44 | -0.83 | -2.89 | 0.81 | -0.75 | ||||||||||||||||||||||||
% diff from Certified Value |
-1.15 | % | 0.79 | % | -0.58 | % | -0.21 | % | -0.39 | % | -1.35 | % | 0.38 | % | -0.35 | % | ||||||||||||||||
Avg Cu (%) |
0.63 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.64 | 0.64 | ||||||||||||||||||||||||
Variance (%) |
-0.054 | -0.049 | -0.041 | -0.035 | -0.026 | -0.049 | -0.037 | -0.041 | ||||||||||||||||||||||||
% diff from Certified Value |
-7.90 | % | -7.16 | % | -6.06 | % | -5.09 | % | -3.77 | % | -7.24 | % | -5.43 | % | -6.07 | % | ||||||||||||||||
Avg Pb (%) |
1.49 | 1.44 | 1.45 | 1.46 | 1.48 | 1.45 | 1.45 | 1.46 | ||||||||||||||||||||||||
Variance (%) |
0.010 | -0.036 | -0.032 | -0.019 | 0.002 | -0.030 | -0.030 | -0.020 | ||||||||||||||||||||||||
% diff from Certified Value |
0.67 | % | -2.44 | % | -2.19 | % | -1.28 | % | 0.15 | % | -2.00 | % | -2.03 | % | -1.32 | % | ||||||||||||||||
Avg Zn (%) |
2.96 | 2.94 | 2.96 | 3.07 | 3.02 | 2.98 | 3.05 | 3.00 | ||||||||||||||||||||||||
Variance (%) |
-0.108 | -0.133 | -0.110 | -0.002 | -0.049 | -0.091 | -0.017 | -0.070 | ||||||||||||||||||||||||
% diff from Certified Value |
-3.53 | % | -4.33 | % | -3.60 | % | -0.07 | % | -1.59 | % | -2.97 | % | -0.54 | % | -2.28 | % |
| Absolute values of the % difference from the certified value that are greater than 5%,
represent values where the monthly average of the assay results are beyond the action line
(greater than three standard deviations from the expected value). |
|
| In general, assays of inserted standards are undervalued with results lower than the
expected certified value. |
43-101 (PanAm) | Huaron Mine | 70 |
43-101 (PanAm) | Huaron Mine | 71 |
43-101 (PanAm) | Huaron Mine | 72 |
Year | Tonnes | Lead (%) | Zinc (%) | Copper (%) | Silver (opt) | |||||||||||||||
2006 |
851,685 | 3.20 | 7.70 | 0.20 | 3.50 | |||||||||||||||
2005 |
737,080 | 3.42 | 7.89 | 0.29 | 3.18 | |||||||||||||||
2004 |
609,893 | 3.76 | 9.09 | 0.33 | 2.81 |
43-101 (PanAm) | Huaron Mine | 73 |
43-101 (PanAm) | Huaron Mine | 74 |
43-101 (PanAm) | Huaron Mine | 75 |
43-101 (PanAm) | Huaron Mine | 76 |
43-101 (PanAm) | Huaron Mine | 77 |
Head Grade | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | Au (g/t) | |||||||||||||||
2007 |
194.93 | 0.36 | 1.21 | 2.55 | 0.40 | |||||||||||||||
2008 |
188.01 | 0.39 | 1.78 | 3.25 | 0.28 | |||||||||||||||
2009 |
187.69 | 0.40 | 1.81 | 3.29 | 0.00 | |||||||||||||||
2010 |
187.23 | 0.40 | 1.85 | 3.29 | 0.00 | |||||||||||||||
2011 |
186.76 | 0.40 | 1.90 | 3.30 | 0.00 | |||||||||||||||
2012 |
177.54 | 0.42 | 1.92 | 3.36 | 0.00 | |||||||||||||||
2013 |
177.80 | 0.24 | 1.54 | 3.27 | 0.00 | |||||||||||||||
2014 |
178.06 | 0.29 | 1.53 | 3.30 | 0.00 | |||||||||||||||
2015 |
178.19 | 0.35 | 1.51 | 3.33 | 0.00 | |||||||||||||||
2016 |
178.32 | 0.37 | 1.50 | 3.35 | 0.00 | |||||||||||||||
2017 |
178.51 | 0.40 | 1.49 | 3.36 | 0.00 | |||||||||||||||
2018 |
187.74 | 0.44 | 1.48 | 3.38 | 0.00 |
Recovery | Ag (%) | Cu (%) | Pb (%) | Zn (%) | Au (%) | |||||||||||||||
2007 |
80.31 | 59.08 | 73.55 | 63.44 | 30.54 | |||||||||||||||
2008 |
79.81 | 60.10 | 74.89 | 66.24 | 0.00 | |||||||||||||||
2009 |
80.00 | 60.00 | 75.00 | 67.00 | 0.00 | |||||||||||||||
2010 |
80.00 | 60.00 | 76.00 | 67.00 | 0.00 | |||||||||||||||
2011 |
80.00 | 60.00 | 77.00 | 67.00 | 0.00 | |||||||||||||||
2012 |
80.00 | 60.00 | 77.00 | 67.00 | 0.00 | |||||||||||||||
2013 |
80.00 | 55.00 | 74.00 | 67.00 | 0.00 | |||||||||||||||
2014 |
80.00 | 57.00 | 74.00 | 67.00 | 0.00 | |||||||||||||||
2015 |
80.00 | 59.00 | 74.00 | 67.00 | 0.00 | |||||||||||||||
2016 |
80.00 | 59.00 | 74.00 | 67.00 | 0.00 | |||||||||||||||
2017 |
80.00 | 60.00 | 74.00 | 67.00 | 0.00 | |||||||||||||||
2018 |
80.00 | 61.00 | 74.00 | 67.00 | 0.00 |
43-101 (PanAm) | Huaron Mine | 78 |
Copper Concentrate | Lead Concentrate | Zinc Concentrate | ||||||||||||||||||||||||||||||||||||||
Tonnes | Ag (g/t) | Cu (%) | Zn (%) | Tonnes | Ag (g/t) | Pb (%) | Tonnes | Ag (g/t) | Zn (%) | |||||||||||||||||||||||||||||||
2007 |
6,588 | 10,012 | 24.42 | 9.60 | 16,023 | 2,320 | 42.01 | 27,234 | 561 | 44.93 | ||||||||||||||||||||||||||||||
2008 |
7,486 | 7,775 | 24.77 | 12.80 | 23,842 | 1,721 | 43.66 | 37,111 | 494 | 45.45 | ||||||||||||||||||||||||||||||
2009 |
7,517 | 7,505 | 25.00 | 12.80 | 23,610 | 1,842 | 45.00 | 36,659 | 481 | 47.00 | ||||||||||||||||||||||||||||||
2010 |
7,500 | 7,510 | 25.00 | 12.80 | 24,404 | 1,779 | 45.00 | 36,677 | 480 | 47.00 | ||||||||||||||||||||||||||||||
2011 |
7,581 | 7,417 | 25.00 | 12.80 | 25,372 | 1,708 | 45.00 | 36,816 | 477 | 47.00 | ||||||||||||||||||||||||||||||
2012 |
7,825 | 7,188 | 25.00 | 12.80 | 25,820 | 1,679 | 45.00 | 37,595 | 468 | 47.00 | ||||||||||||||||||||||||||||||
2013 |
4,083 | 13,108 | 25.00 | 12.80 | 19,920 | 2,071 | 45.00 | 36,557 | 457 | 47.00 | ||||||||||||||||||||||||||||||
2014 |
5,222 | 10,264 | 25.00 | 8.10 | 19,694 | 2,098 | 45.00 | 36,908 | 454 | 47.00 | ||||||||||||||||||||||||||||||
2015 |
6,430 | 8,347 | 25.00 | 8.10 | 19,469 | 2,125 | 45.00 | 37,259 | 450 | 47.00 | ||||||||||||||||||||||||||||||
2016 |
6,943 | 7,737 | 25.00 | 8.10 | 19,356 | 2,139 | 45.00 | 37,434 | 448 | 47.00 | ||||||||||||||||||||||||||||||
2017 |
7,582 | 7,090 | 25.00 | 8.10 | 19,243 | 2,153 | 45.00 | 37,610 | 447 | 47.00 | ||||||||||||||||||||||||||||||
2018 |
6,657 | 6,346 | 25.00 | 8.10 | 14,979 | 2,174 | 45.00 | 29,728 | 444 | 47.00 |
43-101 (PanAm) | Huaron Mine | 79 |
43-101 (PanAm) | Huaron Mine | 80 |
Variogram | Measured | Indicated | Inferred | |||||||
Range | Resource | Resource | Resource | |||||||
Vein | Variable | (Strike x dip) | (Strike x dip) | (Strike x dip) | (Strike x dip) | |||||
ALIANZA
|
Silver | 15m x 20m | 15m x 20m | 30m x 40m | 37.5m x 50m | |||||
ALIANZA
|
Zinc | 15m x12m | ||||||||
TAPADA
|
Silver | 25m x 35m | 25m x 30m | 50m x 60m | 62.5m x 75m | |||||
TAPADA
|
Zinc | 32m x 40m | ||||||||
COMETA
|
Silver | 30m x 25m | 30m x 25m | 60m x 50m | 75m x 62.5m | |||||
COMETA
|
Zinc | 25m x 20m |
43-101 (PanAm) | Huaron Mine | 81 |
Vein |
SG Waste | SG Ore | ||||||
Patrick |
2.70 | 3.58 | ||||||
San Narciso |
2.70 | 3.30 | ||||||
Fastidiosa |
2.70 | 3.20 | ||||||
All other veins |
2.70 | 3.32 |
43-101 (PanAm) | Huaron Mine | 82 |
43-101 (PanAm) | Huaron Mine | 83 |
Metal Price and Factors Used to Calculate VPT | ||||||||||||||||
Ag | Cu | Pb | Zn | |||||||||||||
Metal Price | $9.00/ounce | $5,000/tonne | $1,000/tonne | $2,100/tonne | ||||||||||||
STRUCTURE | KAg | KCu | KPb | KZn | ||||||||||||
TAPADA |
0.2200 | 15.5264 | 0.9437 | 4.7591 | ||||||||||||
YADIRA |
0.2127 | 15.2702 | 2.9868 | 5.1606 | ||||||||||||
R. FASTIDIOSA |
0.2164 | 7.0290 | 1.9983 | 4.8127 | ||||||||||||
FASTIDIOSA |
0.2183 | 19.5906 | 0.9552 | 5.4377 | ||||||||||||
YANACRESTON |
0.2074 | 15.4130 | 2.5873 | 6.6831 | ||||||||||||
LABOR |
0.2310 | 9.2339 | 4.1835 | 6.2120 | ||||||||||||
SAN FRANCISCO |
0.1782 | 5.4223 | 3.6151 | 7.3857 | ||||||||||||
CUATRO |
0.2314 | 14.7650 | 3.4712 | 5.9040 | ||||||||||||
SAN NARCISO |
0.2336 | 21.9188 | 1.4915 | 6.7057 | ||||||||||||
ALIANZA |
0.1738 | 4.7643 | 0.2446 | 4.6633 | ||||||||||||
ROSARIO |
0.2356 | 16.8475 | 3.8858 | 2.5940 | ||||||||||||
LUCERO |
0.2189 | 6.1666 | 4.0146 | 6.8279 | ||||||||||||
VETA 81 |
0.2437 | 21.9970 | 3.6469 | 7.8356 | ||||||||||||
SORPRESA |
0.2119 | 16.7993 | -1.5441 | 5.2058 | ||||||||||||
ANITA |
0.2191 | 2.4161 | 3.5637 | 7.7117 | ||||||||||||
DANITZA |
0.2196 | 6.1661 | 3.5357 | 6.6455 | ||||||||||||
AVERAGE |
0.2153 | 13.9994 | 2.6006 | 6.2384 |
Cut Off for Reserve/Resource Statements Dec. 31, 2006 | ||||||||||||||||||||||||||||||||
Norte | Norte | Norte | ||||||||||||||||||||||||||||||
Avg. | Norte | 500 | 600 | 700 | Sur | Satelite | ||||||||||||||||||||||||||
Break Even (Economical) |
Proven | 46.00 | 48.00 | 42.00 | 45.00 | 45.00 | 48.00 | 47.00 | ||||||||||||||||||||||||
Break Even (Economical) |
Probable | 46.00 | 48.00 | 42.00 | 45.00 | 45.00 | 48.00 | 47.00 | ||||||||||||||||||||||||
Incremental Ore (Marginal) |
Proven | 32.00 | 34.00 | 28.00 | 31.00 | 31.00 | 34.00 | 34.00 | ||||||||||||||||||||||||
Incremental Ore (Marginal) |
Probable | 32.00 | 34.00 | 28.00 | 31.00 | 31.00 | 34.00 | 34.00 |
43-101 (PanAm) | Huaron Mine | 84 |
Reserve | Silver | Ag Content | ||||||||||||||||||||||
Category | Tonnes | (g/t) | (ounces) | % Copper | % Lead | % Zinc | ||||||||||||||||||
Proven |
4,638,300 | 184 | 27,438,944 | 0.31 | 1.57 | 3.16 | ||||||||||||||||||
Probable |
4,048,556 | 183 | 23,820,012 | 0.21 | 1.79 | 3.21 | ||||||||||||||||||
Total |
8,686,856 | 184 | 51,258,956 | 0.26 | 1.67 | 3.18 |
| Calculated using a price of $9.00 per ounce of silver, $2,100 per tonne of zinc, $1,000
per tonne of lead and $5,000 per tonne of copper. |
||
| Estimates of mineral reserves are calculated on the basis of blocks exposed by
underground workings on one or more sides and having an in-place diluted value equal to or
above the cutoff grade ($27/tonne). Proven and probable mineral reserves are extrapolated
between 15 and 30 metres down dip depending on vein continuity. |
||
| Mineral reserve estimates for Huaron were prepared under the supervision of, or were
reviewed by, Michael Steinmann, P.Geo., Senior Vice President Geology & Exploration, and
Martin G. Wafforn, P.Eng., Vice-President of Mine Engineering, as Qualified Persons as that
term is defined in National Instrument 43-101-Standards of Disclosure for Mineral Projects
(NI 43-101). |
43-101 (PanAm) | Huaron Mine | 85 |
Resource | Silver | Ag Content | ||||||||||||||||||||||
Category | Tonnes | (g/t) | (ounces) | % Copper | % Lead | % Zinc | ||||||||||||||||||
Measured |
1,581,966 | 166 | 8,442,984 | 0.45 | 2.02 | 3.68 | ||||||||||||||||||
Indicated |
1,168,964 | 174 | 6,539,448 | 0.55 | 1.86 | 3.83 | ||||||||||||||||||
Total M&I |
2,750,930 | 169 | 14,982,433 | 0.49 | 1.95 | 3.74 | ||||||||||||||||||
Inferred |
3,457,751 | 182 | 20,232,793 | 0.30 | 1.69 | 3.03 |
| These resources are in addition to mineral reserves. Calculated using a price of $9.00
per ounce of silver, $2,100 per tonne of zinc, $1,000 per tonne of lead and $5,000 per
tonne of copper. |
||
| Mineral resource estimates for Huaron were prepared under the supervision of, or were
reviewed by, Michael Steinmann, P.Geo., Senior Vice President Geology & Exploration, and
Martin G. Wafforn, P.Eng., Vice-President of Mine Engineering, as Qualified Persons as that
term is defined in NI 43-101. |
43-101 (PanAm) | Huaron Mine | 86 |
43-101 (PanAm) | Huaron Mine | 87 |
43-101 (PanAm) | Huaron Mine | 88 |
43-101 (PanAm) | Huaron Mine | 89 |
| Acquisition of additional surface rights for the future expansion of Presa #5 tailings
impoundment. |
||
| Approval of the Acquisition and Use of Explosive Permit, which will allow the use of
ANFO on-site and subsequently reduce blasting costs. |
||
| Approval of the Domestic Landfill Permit. |
||
| Continued improvement of water quality released back into the environment. |
43-101 (PanAm) | Huaron Mine | 90 |
43-101 (PanAm) | Huaron Mine | 91 |
43-101 (PanAm) | Huaron Mine | 92 |
43-101 (PanAm) | Huaron Mine | 93 |
|
Copper minerals: | Tetrahedrite, Chalcopyrite | ||
|
Silver minerals: | Argentiferous Tetrahedrite, Freibergite | ||
|
Lead mineral: | Galena | ||
|
Zinc minerals: | Sphalerite, Marmatite | ||
|
Gangue minerals: | Pyrite, Rhodocrosite, Quartz, Roderite |
43-101 (PanAm) | Huaron Mine | 94 |
43-101 (PanAm) | Huaron Mine | 95 |
Concentration | Consumption | |||||||||
Reagent | cc/min | g/tonne | ||||||||
Bulk Flotation |
ZnSO4 | 6.53 | 198.384 | |||||||
NaCN | 3 | 50.24 | ||||||||
Z-11 | 8 | 7.96 | ||||||||
Z-6 | 8 | 4.55 | ||||||||
MIBC | 100 | 41.95 | ||||||||
A-208 | 100 | 5.1 | ||||||||
MT-4064 | 100 | 3.99 | ||||||||
R-404 | 100 | 3.42 | ||||||||
Activated Carbon | 0.5 | 5.14 | ||||||||
Na2Cr2O7 | 2 | 47.85 | ||||||||
Fosfato | 2 | 8.1 | ||||||||
CMC | 2 | 17.45 | ||||||||
Dextrine | 0.75 | 2.14 | ||||||||
Zinc Flotation |
CuSO4 | 8 | 247.83 | |||||||
Z-11 | 8 | 8.46 | ||||||||
Z-6 | 8 | 14.78 | ||||||||
MIBC | 100 | 9.11 | ||||||||
Dextrine | 0.75 | 2.145 | ||||||||
MT-4064 | 100 | 2.98 | ||||||||
Cal | 60 | 3758.58 | ||||||||
Thickners |
Magnafloc 351 (Cu) | 0.01 | 0.37 | |||||||
Magnafloc 351 (Pb) | 0.01 | 0.29 | ||||||||
Magnafloc 351 (Zn) | 0.01 | 0.15 |
a) | Copper concentrates contain 24% to 25% copper depending on the head grades. Copper
recoveries vary from 59% to 61%. The silver grade in the copper concentrate is projected to
vary from 6,300 g/t to 10,000 g/t. |
||
b) | Lead concentrates contain 42% to 45% lead and recovers 74% of the lead contained in the
feed. Silver grades in the lead concentrate are projected to be between 1,680 g/t and 2,300
g/t depending on the head grade. Overall silver recovery to the copper and lead
concentrates averages 80%. |
c) | Zinc concentrates contain 45% to 47% zinc at a recovery of 63.4% to 67.0%. |
43-101 (PanAm) | Huaron Mine | 96 |
| The dam raising design was changed from the centerline method of construction to the
downstream method. This change allows for the placement and compaction of a larger section of
robust material to improve the internal stability of the dam embankment. |
|
| A downstream buttress was constructed along the dam alignment where the dam was identified
to have been constructed over soft and wet foundation soils. The buttress improves the
stability of the dam against potential failures resulting from the low shear strengths of the
foundation soil units. |
|
| As mentioned above, the tailings discharge routine includes the discharge of tailings from
the dam crest to form an above water beach against the face of the dam. This forces the water
pond to form towards the back side of the impoundment, reduces the phreatic level in the dam
embankment and improves stability. |
|
| The decant intake is currently being relocated further away from the dam crest to increase
the distance between the water pond and the dam crest while still allowing water to be
decanted via gravity. |
|
| An emergency spillway is constructed at the right abutment of the dam to route flows from
extreme precipitation events through the impoundment while maintaining the minimum allowable
freeboard to protect the dam from overtopping and/or erosion. |
|
| Diversion ditches are maintained at both sides to the tailings impoundment to minimize the
amount of runoff reporting to them. |
|
| Finally, monitoring instrumentation has been installed and incorporated into the management
plan for the impoundment to confirm that the dam performance is within design limits.
Vibrating wire, pneumatic and standpipe piezometers have been installed to measure phreatic
and pore water pressure conditions and inclinometers have been installed to measure
deformations. |
43-101 (PanAm) | Huaron Mine | 97 |
| Mine flow from the 250 level |
||
| Seepage from the tailings impoundment; |
||
| Seepage and runoff from areas impacted by tailings resulting from the mine inundation in
the past. |
43-101 (PanAm) | Huaron Mine | 98 |
43-101 (PanAm) | Huaron Mine | 99 |
Estimated Cost | ||||||||
# | Area | (USD) | ||||||
1 | Closure Plan Design/Permitting |
1,019,252 | ||||||
2 | Underground/Open Pit Mine Closure |
1,392,427 | ||||||
3 | Process Facility Demolition |
1,499,539 | ||||||
4 | Other On-site Demolition |
1,060,365 | ||||||
5 | Off-site Infrastructure Demolition/Rehabilitation |
0 | ||||||
6 | Wasterock Dump Closure/Reclamation |
296,191 | ||||||
7 | Tailings Impoundment Closure/Reclamation |
5,622,498 | ||||||
8 | Heap Leach Facility Closure/Reclamation |
0 | ||||||
9 | Other Surface Contouring/Reclamation |
0 | ||||||
10 | Water Treatment System Construction |
0 | ||||||
11 | Post Closure Water Treatment |
0 | ||||||
12 | Post Closure Monitoring |
321,500 | ||||||
Total |
11,211,772 | |||||||
24.6 | Markets and Contracts |
43-101 (PanAm) | Huaron Mine | 100 |
Revenue | Average Sales Price | |||||||||||
2006 | ($ Million) | Tonnes Sold | ($/Tonne) | |||||||||
Copper Concentrate |
31.3 | 6,716 | 4,661 | |||||||||
Lead Concentrate |
17.1 | 17,002 | 1,006 | |||||||||
Zinc Concentrate |
23.2 | 24,975 | 929 |
Contract Sales for Huaron Mine 2008-09 | ||||||
Sales | Contract Duration | |||||
Client | (Tonnes Per Year) | (Year) | ||||
Copper Concentrate |
Doe Run Peru S.A.C | 7,500 to 8,500 | 2008 | |||
Lead Concentrate |
Doe Run Peru S.A.C | 1,000 (±10%) | 2008 2009 | |||
Consorcio Minero S.A Cormin SA | 7,000 (±15%) | 2008 2009 | ||||
Glencore International AG | 7,000 | 2008 2009 | ||||
Zinc Concentrate |
Glencore International AG | Total Production | 2008 | |||
Glencore International AG | 60 % of Total Production | 2009 2011 | ||||
Votorantim Metais Cajamarquilla S.A. | 15,000 (±20%) | 2009 |
43-101 (PanAm) | Huaron Mine | 101 |
| Exploration, mine development, mine rehabilitation: 100% |
||
| Mine equipment: 20% |
||
| Vehicles: 20%
· Computers: 25% |
||
| Buildings and other infrastructure: 3%
|
||
| Other: 10%
|
| 1% on the first $60 million of net revenues |
||
| 2% on net revenues from $60 million to $120 million |
||
| 3% on net revenues above $120 million |
43-101 (PanAm) | Huaron Mine | 102 |
| equipment replacement and improvements totalling $1.8 million; |
|
| and mine development and deepening totalling $3.4 million. |
| $6.2 million for deepening to the 180 level and installing a conveyor belt between 180 and
250 levels, and the rehabilitating and upgrading works needed to bring D shaft back into
operation; |
| And $2.3 million for providing additional backfill capacity and to raise the tailings dam |
LOM SUMMARY OFCAPITAL EXPENDITURES (x $1000) | ||||||||||||||||||||||||||||
Area | Geology | Mine | Plant | Maintenance | Safety & Enviro |
Other | Total | |||||||||||||||||||||
2007 |
1,270 | 6,249 | 2,285 | 1,385 | 270 | 800 | 12,259 | |||||||||||||||||||||
2008 |
200 | 9,170 | 1,702 | 1,970 | 100 | 1,412 | 14,554 | |||||||||||||||||||||
2009 |
1,000 | 5,280 | 250 | 1,600 | 150 | 1,300 | 9,580 | |||||||||||||||||||||
2010 |
1,000 | 3,300 | 1,135 | 1,300 | 150 | 650 | 7,535 | |||||||||||||||||||||
2011 |
1,000 | 2,700 | 250 | 1,800 | 150 | 420 | 6,320 | |||||||||||||||||||||
2012 |
1,000 | 2,920 | 1,060 | 600 | 150 | 420 | 6,150 | |||||||||||||||||||||
2013 |
1,000 | 2,920 | 250 | 600 | 150 | 420 | 5,340 | |||||||||||||||||||||
2014 |
1,000 | 2,920 | 1,060 | 600 | 150 | 420 | 6,150 | |||||||||||||||||||||
2015 |
1,000 | 2,920 | 250 | 600 | 150 | 420 | 5,340 | |||||||||||||||||||||
2016 |
1,000 | 2,920 | 1,060 | 600 | 150 | 420 | 6,150 | |||||||||||||||||||||
2017 |
1,000 | 2,920 | 250 | 600 | 150 | 420 | 5,340 | |||||||||||||||||||||
2018 |
1,000 | 2,920 | 1,060 | 600 | 150 | 420 | 6,150 | |||||||||||||||||||||
2019 |
0 | 1,500 | 250 | 300 | 50 | 200 | 2,300 |
43-101 (PanAm) | Huaron Mine | 103 |
BUDGETED | ACTUAL | DIFF | VAR | |||||||||||||
Tonnes Milled |
478,300 | 496,375 | 18,075 | 4 | % | |||||||||||
Net Smelter Return |
||||||||||||||||
Zinc Concentrate
|
$ | 13,282,787 | $ | 14,313,260 | $ | 1,030,474 | 8 | % | ||||||||
Lead Concentrate |
$ | 10,845,296 | $ | 14,992,014 | $ | 4,146,718 | 38 | % | ||||||||
Copper Concentrate |
$ | 15,453,759 | $ | 22,279,241 | $ | 6,825,482 | 44 | % | ||||||||
Unbudgeted Tenders |
$ | 0 | $ | 0 | $ | 0 | 0 | % | ||||||||
Mining Royalties |
$ | (395,818 | ) | $ | (502,486 | ) | $ | (106,668 | ) | 27 | % | |||||
Total NSR |
$ | 39,186,023 | $ | 51,082,029 | $ | 11,896,006 | 30 | % | ||||||||
Costs |
||||||||||||||||
Mine |
$ | 11,285,429 | $ | 11,422,817 | $ | (137,389 | ) | -1 | % | |||||||
Mill |
$ | 1,680,688 | $ | 1,990,792 | $ | (310,104 | ) | -18 | % | |||||||
Water
Treatment Plant |
$ | 187,713 | $ | 259,463 | $ | (71,750 | ) | -38 | % | |||||||
Engineering |
$ | 430,198 | $ | 380,794 | $ | 49,404 | 11 | % | ||||||||
Geology |
$ | 503,154 | $ | 520,667 | $ | (17,513 | ) | -3 | % | |||||||
Safety |
$ | 500,304 | $ | 534,296 | $ | (33,992 | ) | -7 | % | |||||||
Maintenance and Services |
$ | 1,690,136 | $ | 1,987,292 | $ | (297,156 | ) | -18 | % | |||||||
Electric Energy |
$ | 1,940,705 | $ | 2,047,824 | $ | (107,119 | ) | -6 | % | |||||||
Camp Administration |
$ | 2,255,273 | $ | 3,113,947 | $ | (858,673 | ) | -38 | % | |||||||
Production Costs |
$ | 20,473,600 | $ | 22,257,892 | $ | (1,784,292 | ) | -9 | % | |||||||
Transaction Costs |
$ | 58,420 | $ | 112,339 | $ | (53,919 | ) | -92 | % | |||||||
Mining Concessions |
$ | 107,204 | $ | 107,260 | $ | (56 | ) | 0 | % | |||||||
Administ,lnsurance+ Legal + PAMA |
$ | 624,793 | $ | 449,230 | $ | 175,563 | 28 | % | ||||||||
Management Fee Peru |
$ | 741,488 | $ | 1,201,626 | $ | (460,138 | ) | -62 | % | |||||||
Management Fee Canada |
$ | 144,000 | $ | 155,893 | $ | (11,893 | ) | -8 | % | |||||||
Shipping & Selling |
$ | 756,935 | $ | 826,109 | $ | (69,174 | ) | -9 | % | |||||||
Ocean Freight |
$ | 358,821 | $ | 657,054 | $ | (298,233 | ) | -83 | % | |||||||
Operations Costs |
$ | 23,265,261 | $ | 25,767,403 | $ | (2,502,142 | ) | -11 | % | |||||||
Production
Basis Margin |
$ | 15,920,762 | $ | 25,314,626 | $ | 9,393,864 | 59 | % | ||||||||
Miscellaneous Costs |
$ | 320,000 | $ | 193,405 | $ | 126,595 | 40 | % | ||||||||
Capital Spending |
$ | 8,172,667 | $ | 4,590,296 | $ | 3,582,371 | 44 | % | ||||||||
Reclamation Expenditures |
$ | 200,000 | $ | 387,545 | $ | (187,545 | ) | -94 | % | |||||||
Margin |
$ | 7,228,096 | $ | 20,143,380 | $ | 12,915,285 | 179 | % | ||||||||
NSR per tonne |
$ | 81.93 | $ | 102.91 | $ | 20.98 | 26 | % | ||||||||
Total Cost per tonne |
$ | 48.64 | $ | 51.91 | $ | (3.27 | ) | -7 | % | |||||||
Margin per tonne |
$ | 33.29 | $ | 51.00 | $ | 17.71 | 53 | % | ||||||||
43-101 (PanAm) | Huaron Mine | 104 |
Unit Costs per Tonne | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||||
Mine |
$ | 22.62 | $ | 23.31 | $ | 23.92 | $ | 23.92 | $ | 23.90 | $ | 23.83 | $ | 23.81 | ||||||||||||||
Processing |
$ | 3.37 | $ | 4.12 | $ | 4.10 | $ | 4.09 | $ | 4.09 | $ | 4.08 | $ | 4.08 | ||||||||||||||
Water Treatment Plant |
$ | 0.38 | $ | 0.44 | $ | 0.45 | $ | 0.45 | $ | 0.45 | $ | 0.45 | $ | 0.45 | ||||||||||||||
Planning & Engineering |
$ | 0.86 | $ | 0.99 | $ | 0.96 | $ | 0.96 | $ | 0.96 | $ | 0.96 | $ | 0.96 | ||||||||||||||
Geology |
$ | 1.01 | $ | 1.11 | $ | 1.09 | $ | 1.09 | $ | 1.09 | $ | 1.08 | $ | 1.08 | ||||||||||||||
Safety & Environment |
$ | 0.99 | $ | 1.34 | $ | 0.99 | $ | 0.99 | $ | 0.99 | $ | 0.98 | $ | 0.98 | ||||||||||||||
Maintenance |
$ | 3.41 | $ | 4.82 | $ | 4.73 | $ | 4.73 | $ | 4.73 | $ | 4.72 | $ | 4.71 | ||||||||||||||
Electric System |
$ | 3.90 | $ | 4.23 | $ | 4.18 | $ | 4.18 | $ | 4.17 | $ | 4.16 | $ | 4.16 | ||||||||||||||
Camp Administration |
$ | 4.53 | $ | 6.57 | $ | 6.40 | $ | 6.40 | $ | 6.39 | $ | 6.37 | $ | 6.37 | ||||||||||||||
Inventory Variations |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
Production Costs |
$ | 41.05 | $ | 46.94 | $ | 46.82 | $ | 46.81 | $ | 46.78 | $ | 46.64 | $ | 46.60 | ||||||||||||||
Transaction Costs |
$ | 0.12 | $ | 0.22 | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 | ||||||||||||||
Mining Concessions |
$ | 0.21 | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.20 | ||||||||||||||
Administrative Insurance+Legal |
$ | 1.25 | $ | 0.87 | $ | 0.90 | $ | 0.90 | $ | 0.90 | $ | 0.89 | $ | 0.89 | ||||||||||||||
Management Fee Peru |
$ | 1.48 | $ | 1.53 | $ | 1.54 | $ | 1.54 | $ | 1.53 | $ | 1.53 | $ | 1.53 | ||||||||||||||
Management Fee Canada |
$ | 0.29 | $ | 0.62 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
Shipping & Selling |
$ | 1.53 | $ | 1.49 | $ | 1.54 | $ | 1.54 | $ | 1.53 | $ | 1.53 | $ | 1.53 | ||||||||||||||
Ocean Freight |
$ | 0.71 | $ | 1.38 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
Operations Costs |
$ | 46.64 | $ | 53.27 | $ | 51.20 | $ | 51.19 | $ | 51.16 | $ | 51.01 | $ | 50.97 | ||||||||||||||
43-101 (PanAm) | Huaron Mine | 105 |
43-101 (PanAm) | Huaron Mine | 106 |
Year | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||||
Metal Price Assumptions: |
||||||||||||||||||||||||||||
Silver Price ($ / ounce) |
$ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | ||||||||||||||
Zinc Price ($ / tonne) |
$ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | ||||||||||||||
Lead Price ($ / tonne) |
$ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | ||||||||||||||
Copper Price ($ / tonne) |
$ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | ||||||||||||||
Au Price Toz |
$ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | ||||||||||||||
Production: |
||||||||||||||||||||||||||||
Tonnes Mined |
756,375 | 782,605 | 781,440 | 781,560 | 782,065 | 784,381 | 785,000 | |||||||||||||||||||||
Silver Head Grade (g/t) |
194.93 | 188.01 | 187.69 | 187.23 | 186.76 | 177.54 | 177.80 | |||||||||||||||||||||
Copper Head Grade (%) |
0.36 | 0.39 | 0.40 | 0.40 | 0.40 | 0.42 | 0.24 | |||||||||||||||||||||
Lead Head Grade (%) |
1.21 | 1.78 | 1.81 | 1.85 | 1.90 | 1.92 | 1.54 | |||||||||||||||||||||
Zinc Head Grade (%) |
2.55 | 3.25 | 3.29 | 3.29 | 3.30 | 3.36 | 3.27 | |||||||||||||||||||||
Gold Head Grade (g/t) |
0.40 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
Silver Ounces Produced |
3,806,611 | 3,780,434 | 3,778,808 | 3,772,903 | 3,766,192 | 3,767,874 | 3,584,630 | |||||||||||||||||||||
Copper Tonnes Produced |
1,609 | 1,854 | 1,879 | 1,875 | 1,895 | 1,956 | 1,021 | |||||||||||||||||||||
Lead Tonnes Produced |
6,731 | 10,410 | 10,624 | 10,982 | 11,417 | 11,619 | 8,964 | |||||||||||||||||||||
Zinc Tonnes Produced |
12,236 | 16,867 | 17,230 | 17,238 | 17,304 | 17,670 | 17,182 | |||||||||||||||||||||
Gold Ounces Produced |
1,182 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Cash Flow Summary (x $1000) |
||||||||||||||||||||||||||||
Total NSR |
76,548 | 55,024 | 53,819 | 53,910 | 53,909 | 53,779 | 48,515 | |||||||||||||||||||||
Total Operating Costs |
$ | (39,339 | ) | $ | (41,666 | ) | $ | (40,768 | ) | $ | (40,774 | ) | $ | (40,800 | ) | $ | (40,921 | ) | $ | (40,953 | ) | |||||||
Other Costs |
$ | (3,499 | ) | $ | (495 | ) | $ | (687 | ) | $ | (717 | ) | $ | (742 | ) | $ | (364 | ) | $ | (25 | ) | |||||||
Royalty |
$ | (765 | ) | $ | (719 | ) | $ | (755 | ) | $ | (757 | ) | $ | (757 | ) | $ | (527 | ) | $ | (474 | ) | |||||||
Reclamation |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
Total Depreciation |
$ | (3,858 | ) | $ | (3,991 | ) | $ | (3,985 | ) | $ | (3,986 | ) | $ | (4,301 | ) | $ | (4,706 | ) | $ | (5,103 | ) | |||||||
Huaron Pre-Tax Income |
$ | 29,087 | $ | 8,152 | $ | 7,624 | $ | 7,676 | $ | 7,308 | $ | 7,260 | $ | 1,960 | ||||||||||||||
Taxes |
$ | (8,506 | ) | $ | (1,413 | ) | $ | (2,131 | ) | $ | (2,237 | ) | $ | (2,342 | ) | $ | (983 | ) | $ | 0 | ||||||||
Taxes Deferred |
$ | (1,713 | ) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||
Net Income (Loss) after taxes |
$ | 18,868 | $ | 6,740 | $ | 5,493 | $ | 5,440 | $ | 4,966 | $ | 6,277 | $ | 1,960 | ||||||||||||||
Add back Depreciation |
$ | 3,858 | $ | 3,991 | $ | 3,985 | $ | 3,986 | $ | 4,301 | $ | 4,706 | $ | 5,103 | ||||||||||||||
Tax Deferred |
$ | 1,713 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
Total Changes Working Capital |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
Reclamation Provision-Expenditures |
$ | (300 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | |||||||
Capital Costs |
$ | (10,967 | ) | $ | (15,102 | ) | $ | (7,600 | ) | $ | (6,400 | ) | $ | (6,800 | ) | $ | (5,300 | ) | $ | (5,300 | ) | |||||||
Projected Cash Flows |
$ | 13,172 | $ | (4,871 | ) | $ | 1,378 | $ | 2,526 | $ | 1,967 | $ | 5,184 | $ | 1,262 | |||||||||||||
Financial Metrics: |
||||||||||||||||||||||||||||
Payable Silver Ounces |
3,428,514 | 3,348,772 | 3,354,561 | 3,349,147 | 3,359,562 | 3,342,483 | 3,178,129 | |||||||||||||||||||||
Cash Cost per Payable Ounce |
$ | 4.81 | $ | 6.71 | $ | 4.82 | $ | 5.09 | $ | 5.72 | $ | 5.73 | $ | 4.31 | ||||||||||||||
Not-Cash Cost per Ounce |
$ | 1.25 | $ | 1.19 | $ | 1.16 | $ | 1.16 | $ | 1.24 | $ | 1.36 | $ | 1.51 | ||||||||||||||
Total Cost per Payable Ounce |
$ | 6.05 | $ | 7.91 | $ | 5.98 | $ | 6.24 | $ | 6.97 | $ | 7.09 | $ | 5.82 | ||||||||||||||
NSR per tonne |
$ | 100.19 | $ | 69.39 | $ | 67.91 | $ | 68.01 | $ | 67.96 | $ | 67.89 | $ | 61.20 | ||||||||||||||
Cost per tonne |
$ | 52.01 | $ | 53.24 | $ | 52.17 | $ | 52.17 | $ | 52.17 | $ | 52.17 | $ | 52.17 | ||||||||||||||
Margin |
$ | 48.18 | $ | 16.15 | $ | 15.74 | $ | 15.84 | $ | 15.79 | $ | 15.72 | $ | 9.03 | ||||||||||||||
43-101 (PanAm) | Huaron Mine | 107 |
Year | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||
Metal Price Assumptions: |
||||||||||||||||||||
Silver Price ($ / ounce) |
$ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | $ | 9.00 | ||||||||||
Zinc Price ($ / tonne) |
$ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | $ | 2,100.00 | ||||||||||
Lead Price ($ / tonne) |
$ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | ||||||||||
Copper Price ($ / tonne) |
$ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | $ | 5,000.00 | ||||||||||
Au Price Toz |
$ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | $ | 525.00 | ||||||||||
Production: |
||||||||||||||||||||
Tonnes Mined |
785,000 | 785,000 | 785,000 | 785,000 | 616,293 | |||||||||||||||
Silver Head Grade (g/t) |
178.06 | 178.19 | 178.32 | 178.51 | 187.74 | |||||||||||||||
Copper Head Grade (%) |
0.29 | 0.35 | 0.37 | 0.40 | 0.44 | |||||||||||||||
Lead Head Grade (%) |
1.53 | 1.51 | 1.50 | 1.49 | 1.48 | |||||||||||||||
Zinc Head Grade (%) |
3.30 | 3.33 | 3.35 | 3.36 | 3.38 | |||||||||||||||
Gold Head Grade (g/t) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Silver Ounces Produced |
3,589,903 | 3,595,177 | 3,597,814 | 3,600,451 | 2,829,681 | |||||||||||||||
Copper Tonnes Produced |
1,305 | 1,608 | 1,736 | 1,895 | 1,664 | |||||||||||||||
Lead Tonnes Produced |
8,862 | 8,761 | 8,710 | 8,660 | 6,741 | |||||||||||||||
Zinc Tonnes Produced |
17,347 | 17,512 | 17,594 | 17,677 | 13,972 | |||||||||||||||
Gold Ounces Produced |
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Cash Flow Summary (x $1000) |
||||||||||||||||||||
Total NSR |
49,441 | 50,252 | 50,604 | 51,030 | 40,534 | |||||||||||||||
Total Operating Costs |
$ | (40,953 | ) | $ | (40,953 | ) | $ | (40,953 | ) | $ | (40,953 | ) | $ | (32,152 | ) | |||||
Other Costs |
$ | (36 | ) | $ | (46 | ) | $ | (293 | ) | $ | (439 | ) | $ | (313 | ) | |||||
Royalty |
$ | (484 | ) | $ | (492 | ) | $ | (495 | ) | $ | (499 | ) | $ | (397 | ) | |||||
Reclamation |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Total Depreciation |
$ | (5,103 | ) | $ | (5,103 | ) | $ | (5,103 | ) | $ | (5,103 | ) | $ | (4,006 | ) | |||||
Huaron Pre-Tax Income |
$ | 2,865 | $ | 3,658 | $ | 3,760 | $ | 4,035 | $ | 3,667 | ||||||||||
Taxes |
$ | 0 | $ | 0 | $ | (885 | ) | $ | (1,401 | ) | $ | (962 | ) | |||||||
Taxes Deferred |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Net Income (Loss) after taxes |
$ | 2,865 | $ | 3,658 | $ | 2,875 | $ | 2,634 | $ | 2,705 | ||||||||||
Add back Depreciation |
$ | 5,103 | $ | 5,103 | $ | 5,103 | $ | 5,103 | $ | 4,006 | ||||||||||
Tax Deferred |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Total Changes Working Capital |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Reclamation Provision-Expenditures |
$ | (500 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | $ | (500 | ) | |||||
Capital Costs |
$ | (5,300 | ) | $ | (7,100 | ) | $ | (5,000 | ) | $ | (2,600 | ) | $ | (650 | ) | |||||
Projected Cash Flows |
$ | 2,167 | $ | 1,160 | $ | 2,477 | $ | 4,636 | $ | 5,560 | ||||||||||
Financial Metrics: |
||||||||||||||||||||
Payable Silver Ounces |
3,182,128 | 3,186,128 | 3,188,128 | 3,190,128 | 2,506,813 | |||||||||||||||
Cash Cost per Payable Ounce |
$ | 4.17 | $ | 4.17 | $ | 4.17 | $ | 4.17 | $ | 4.17 | ||||||||||
Not-Cash Cost per Ounce |
$ | 1.50 | $ | 1.50 | $ | 1.50 | $ | 1.50 | $ | 1.50 | ||||||||||
Total Cost per Payable Ounce |
$ | 5.67 | $ | 5.67 | $ | 5.67 | $ | 5.67 | $ | 5.67 | ||||||||||
NSR per tonne |
$ | 62.37 | $ | 63.39 | $ | 63.83 | $ | 64.37 | $ | 65.13 | ||||||||||
Cost per tonne |
$ | 52.17 | $ | 52.17 | $ | 52.17 | $ | 52.17 | $ | 52.17 | ||||||||||
Margin |
$ | 10.20 | $ | 11.22 | $ | 11.66 | $ | 12.20 | $ | 12.96 | ||||||||||
43-101 (PanAm) | Huaron Mine | 108 |
Metal Prices | Case #1 | Case #2 | Case #3 | |||||||||
Silver $/Ounce |
$ | 9.00 | $ | 10.80 | $ | 7.20 | ||||||
Zinc $/Tonne |
$ | 2,100.00 | $ | 2,520.00 | $ | 1,680.00 | ||||||
Lead $/Tonne |
$ | 1,000.00 | $ | 1,700.00 | $ | 600.00 | ||||||
Copper $/Tonne |
$ | 5,000.00 | $ | 6,000.00 | $ | 4,000.00 | ||||||
Gold $/Ounce |
$ | 525.00 | $ | 630.00 | $ | 420.00 | ||||||
NPV (Discount Rate) (x $1000) |
Case #1 | Case #2 | Case #3 | |||||||||
NPV 0% |
$ | 36,620 | $ | 114,268 | $ | (65,869 | ) | |||||
NPV 10% |
$ | 21,360 | $ | 63,992 | $ | (34,000 | ) | |||||
NPV 15% |
$ | 17,501 | $ | 50,667 | $ | (25,259 | ) |
Metal Grade Sensitivity | 100% (base) | 75% | 90% | 110% | 125% | |||||||||||||||
NPV 0%
|
$ | 36,620 | $ | (10,061 | ) | $ | 38,165 | $ | 76,663 | $ | 135,542 | |||||||||
NPV 10%
|
$ | 21,360 | $ | (5,355 | ) | $ | 7,591 | $ | 45,110 | $ | 79,998 | |||||||||
NPV 15%
|
$ | 17,501 | $ | (3,809 | ) | $ | 1,667 | $ | 36,760 | $ | 65,073 |
43-101 (PanAm) | Huaron Mine | 109 |
The economics of the Huaron Mine are not sensitive to changes in capital cost up to the limits of
the engineering estimate that is plus or minus 25%. |
Capital Cost Sensitivity | 100% | 75% | 90% | 110% | 125% | |||||||||||||||
NPV 0% |
$ | 36,620 | $ | 53,408 | $ | 43,335 | $ | 29,905 | $ | 19,832 | ||||||||||
NPV 10% |
$ | 21,360 | $ | 31,616 | $ | 25,462 | $ | 17,257 | $ | 11,103 | ||||||||||
NPV 15% |
$ | 17,501 | $ | 25,853 | $ | 20,842 | $ | 14,161 | $ | 9,149 |
Operating Cost Sensitivity | 100% | 75% | 90% | 110% | 125% | |||||||||||||||
NPV 0% |
$ | 36,620 | $ | 113,202 | $ | 67,253 | $ | 1,609 | $ | (63,059 | ) | |||||||||
NPV 10% |
$ | 21,360 | $ | 65,296 | $ | 39,021 | $ | 1,748 | $ | (33,974 | ) | |||||||||
NPV 15% |
$ | 17,501 | $ | 52,562 | $ | 31,614 | $ | 2,049 | $ | (25,978 | ) |
43-101 (PanAm) | Huaron Mine | 110 |
Martin Wafforn |
||
Martin Wafforn, P.Eng. |
||
Michael Steinmann |
||
Michael Steinmann, P.Geo., Ph.D. |
||
43-101 (PanAm) | Huaron Mine | 111 |
43-101 (PanAm) | Huaron Mine | 113 |
43-101 (PanAm) | Huaron Mine | 114 |
43-101 (PanAm) | Huaron Mine | 115 |
43-101 (PanAm) | Huaron Mine | 116 |
43-101 (PanAm) | Huaron Mine | 117 |
43-101 (PanAm) | Huaron Mine | 118 |
43-101 (PanAm) | Huaron Mine | 119 |
43-101 (PanAm) | Huaron Mine | 120 |
43-101 (PanAm) | Huaron Mine | 121 |
43-101 (PanAm) | Huaron Mine | 122 |
43-101 (PanAm) | Huaron Mine | 123 |
43-101 (PanAm) | Huaron Mine | 124 |
43-101 (PanAm) | Huaron Mine | 125 |
43-101 (PanAm) | Huaron Mine | 126 |
43-101 (PanAm) | Huaron Mine | 127 |
43-101 (PanAm) | Huaron Mine | 128 |
43-101 (PanAm) | Huaron Mine | 129 |
43-101 (PanAm) | Huaron Mine | 130 |
43-101 (PanAm) | Huaron Mine | 131 |
43-101 (PanAm) | Huaron Mine | 132 |
43-101 (PanAm) | Huaron Mine | 133 |
43-101 (PanAm) | Huaron Mine | 134 |
43-101 (PanAm) | Huaron Mine | 135 |
43-101 (PanAm) | Huaron Mine | 136 |
43-101 (PanAm) | Huaron Mine | 137 |
43-101 (PanAm) | Huaron Mine | 138 |
43-101 (PanAm) | Huaron Mine | 139 |
43-101 (PanAm) | Huaron Mine | 140 |
43-101 (PanAm) | Huaron Mine | 141 |
43-101 (PanAm) | Huaron Mine | 142 |
43-101 (PanAm) | Huaron Mine | 143 |
43-101 (PanAm) | Huaron Mine | 144 |
43-101 (PanAm) | Huaron Mine | 145 |
43-101 (PanAm) | Huaron Mine | 146 |
43-101 (PanAm) | Huaron Mine | 147 |
43-101 (PanAm) | Huaron Mine | 148 |
43-101 (PanAm) | Huaron Mine | 149 |
43-101 (PanAm) | Huaron Mine | 150 |
43-101 (PanAm) | Huaron Mine | 151 |
43-101 (PanAm) | Huaron Mine | 152 |
43-101 (PanAm) | Huaron Mine | 153 |
43-101 (PanAm) | Huaron Mine | 154 |
43-101 (PanAm) | Huaron Mine | 155 |
43-101 (PanAm) | Huaron Mine | 156 |
1. | I graduated with a degree in Bachelors of Science in Mining from Camborne School of Mines in
Cornwall, England in 1980. |
|
2. | I am a Professional Engineer in good standing in the Province of British Columbia in the
areas of Mining engineering. I am a Chartered Engineer in good standing in the United Kingdom. |
|
3. | I am currently employed as Vice President of Mine Engineering for Pan American Silver Corp.
and, by reason of my employment, am not independent of Pan American Silver Corp. as described
in section 1.4 of NI 43-101. |
|
4. | I have worked as an engineer in the mining industry for a total of twenty-six years since my
graduation from Camborne School of Mines. |
|
5. | I have read the definition of qualified person set out in National Instrument 43-101 (NI
43-101) and certify that by reason of my education, affiliation with a professional
association (as defined in NI 43-101) and past relevant work experience, I fulfill the
requirements to be a qualified person for the purposes of NI 43-101. |
|
6. | Pan American Silver Corp. is a Producing Issuer as defined in NI 43-101. |
|
7. | I visited the Huaron property from September 18 to September 19, 2007. I am responsible for
the sections 1, 2, 3, 4, 5, 6, 7, 8, 17, 18, 20, 21, 22, 23, 24 and 25 of the report entitled
Technical Report for the Huaron Property, Cerro de Pasco, Peru dated effective December 31,
2006 (the Technical Report) and for all figures, tables, and graphs within those sections of
the Technical Report. |
|
8. | I am co-author of the Technical Report dated effective December 31, 2006. |
|
9. | I have read NI 43-101 and the Technical Report has been prepared in compliance with NI
43-101. |
|
10. | As of the date of this certificate, to the best of my knowledge, information and belief, the
Technical Report contains all scientific and technical information that is required to be
disclosed to make the Technical Report not misleading. |
Martin G. Wafforn
|
||
Martin G. Wafforn, P.Eng. |
- 1 -
TO:
|
British Columbia Securities Commission | |
Alberta Securities Commission | ||
Saskatchewan Financial Services Commission | ||
The Manitoba Securities Commission | ||
Ontario Securities Commission | ||
Autorité des marchés financiers | ||
New Brunswick Securities Commission | ||
Securities Commission of Newfoundland & Labrador | ||
Nova Scotia Securities Commission | ||
Registrar of Securities, Prince Edward Island | ||
Government of the Northwest Territories, Department of Justice, Securities Registry | ||
Nunavut Legal Registries | ||
Registrar of Securities, Government of the Yukon Territories |
Martin G. Wafforn
|
||
Martin G. Wafforn, P.Eng. |
Martin G. Wafforn P.Eng.
|
- 2 -
1. | I graduated with a degree in Master of Science in Geology from the University of Zurich in
1993. In addition, I earned a Doctor of Natural Science in Geology from the Swiss Federal
Institute of Technology, Zurich, Switzerland. |
|
2. | I am a Professional Geoscientist in good standing in the Province of British Columbia in the
areas of mining geology and exploration. |
|
3. | I have worked as a geologist for a total of fourteen years since my graduation from the
University of Zurich. |
|
4. | I have read the definition of qualified person set out in National Instrument 43-101 (NI
43-101) and certify that by reason of my education, affiliation with a professional
association (as defined in NI 43-101) and past relevant work experience, I fulfill the
requirements to be a qualified person for the purposes of the NI 43-101. |
|
5. | I am currently employed as Senior Vice President of Exploration and Geology for Pan American
Silver Corp. and, by reason of my employment, am not independent of Pan American Silver Corp.
as described in section 1.4 of NI 43-101. |
|
6. | Pan American Silver Corp. is a producing issuer as defined in NI 43-101. |
|
7. | I visited the Hauron property from September 18, 2007 to September 19, 2007. I am
responsible for the sections 1,2,3,4, 5, 9, 10, 11, 12, 13, 14, 15, 16, 19, 21, 22, 23 and 24
of the report entitled Technical Report for the Huaron Property, Cerro de Pasco, Peru dated
effective December 31, 2006(the Technical Report) and for figures, tables, and graphs
contained in sections 9, 10, 11, 12, 13, 14, 15, and 19 of the Technical Report. |
|
8. | I am co-author of the Technical Report dated effecdtive December 31, 2006 |
|
9. | I have read NI 43-101 and the Technical Report has been prepared in compliance with NI
43-101. |
|
10. | As of the date of this certificate, to the best of my knowledge, information and
belief, the Technical Report contains all scientific and technical information that
is required to be disclosed to make the Technical Report not misleading. |
Michael Steinmann
|
||
Michael Steinmann, P.Geo., Ph.D. |
- 3 -
TO:
|
British Columbia Securities Commission | |
Alberta Securities Commission | ||
Saskatchewan Financial Services Commission | ||
The Manitoba Securities Commission | ||
Ontario Securities Commission | ||
Autorité des marchés financiers | ||
New Brunswick Securities Commission | ||
Securities Commission of Newfoundland & Labrador | ||
Nova Scotia Securities Commission | ||
Registrar of Securities, Prince Edward Island | ||
Government of the Northwest Territories, Department of Justice, Securities Registry | ||
Nunavut Legal Registries | ||
Registrar of Securities, Government of the Yukon Territories |
Michael Steinmann
|
||
Michael Steinmann, P.Eng. |
- 4 -