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El Águila

Project Stages

The development stages in the projects are displayed in the standard sequence for the industry. However, projects may be developed in a different sequence because of corporate decisions or events that push the owner to repeat stages. To access the full details of this project’s history please explore its milestones


Early Works
In Construction
Operation
Current Stage In production
Project Details

Description

El Águila's gold and silver mineralization is of a low-sulfidation, epithermal character. The open-pit project will feature low operating costs. The company expects output to of 70,000oz gold over the first 12 months of commercial production at cash costs of some US$200/oz. Production is expected to increase by year three to 200,000oz of gold equivalent at zero cash costs. Gold Resource declared commercial production on July 1 at El Aguila. El Águila is run by US-based Gold Resource through subsidiary Don David Gold.

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Principal Works

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

  • * Amounts and overall results are shown in US dollars unless otherwise stated.

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Key Specs

Full Name
El Águila
Project Type
Gold, Open pit mining
Development Phase
In production
Project Status
Active
Project Capacity
200,000  oz/y (ounces per year)  Gold
 Open pit mining
Investment
US$ 25mn
Completion Date
2010
Lifespan
9
Location

The property is located 120km southeast of Mexico's Oaxaca state capital.

 * The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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General Manager
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